The Process by Which Strategies and Policies Are Put into Action

question 98

Multiple Choice

The process by which strategies and policies are put into action through the development of programs,budgets,and procedures is

• A) strategy formulation.
• B) strategy control.
• C) strategy implementation.
• D) strategy development.
• E) strategy evaluation.

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Definitions:

Partnership Business

An authorized form of enterprise operated by two or more individuals who equally contribute to management and benefit from profits.

Ownership Interest

A stake or share in a company or property, representing a portion of the ownership.

Management Rights

These are the legal authorities and powers that the management of an organization holds to operate and make decisions for the business.

Base Rent

The minimum amount of rent due under a lease agreement, not including costs such as utilities, maintenance, and other operating expenses.