Which of the Following Is NOT a Pitfall an Organization

question 122

Multiple Choice

Which of the following is NOT a pitfall an organization should avoid in strategic planning?

• A) Failing to communicate the plan to employees
• B) Involving all managers rather than delegating planning to a "planner"
• C) Top managers not actively supporting the strategic-planning process
• D) Doing strategic planning only to satisfy accreditation or regulatory requirements
• E) Failing to create a collaborative climate supportive of change

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Definitions:

Revenue

The sum of money earned from the sale of products or services central to the business's main activities.

Prepaid Expenses

Payments made in advance for goods or services to be received in the future, recorded as assets on a balance sheet and expensed over time as the goods or services are consumed.

Costs Paid

Expenses that a company has incurred and settled through payment.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is actually received or paid out, ignoring receivables and payables.