Organize the Following Steps in Developing a Strategic Unit-Based Action

question 23

Multiple Choice

Organize the following steps in developing a strategic unit-based action plan.
1) Determine specific strategies for each goal.
2) Select goals to be achieved.
3) Define the purpose or mission.
4) Monitor and update the plan
5) Identify resources for accomplishing goals.

• A)3, 2, 1, 5, 4
• B)2, 1, 3, 4, 5
• C)1, 2, 3, 4, 5
• D)1, 2, 5, 4, 3

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Pure Market Capitalism

An economic system where all productive resources are owned and controlled by private individuals and businesses, with all economic decisions made through the market.

Government Interference

Actions by government agencies that affect the market or economy through regulations, policies, or direct involvement.

Economic Systems

The methods and principles societies use to allocate scarce resources and distribute goods and services, including capitalism, socialism, and communism among others.