All of These Are Pitfalls an Organization Should Avoid in Strategic

question 25

Multiple Choice

All of these are pitfalls an organization should avoid in strategic planning EXCEPT

• A) using plans as a standard for measuring performance.
• B) using strategic planning to gain control over decisions and resources.
• C) failing to involve key employees in all phases of planning.
• D) too hastily moving from mission development to strategy formulation.
• E) being so formal in planning that flexibility and creativity are stifled.

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Definitions:

Cash Payments

Outflows of cash by a business to settle obligations, such as paying expenses, debts, or purchasing assets.

Payroll Register

A multicolumn report used to assemble and summarize payroll data at the end of each payroll period.

Multicolumn Form

A formatting style used in accounting and bookkeeping that uses multiple columns to represent and organize financial information and transactions.

Unemployment Compensation Tax

A tax paid by employers to fund unemployment benefits for workers who have lost their jobs.