Which of the Following Is Incorrect with Regard to the Process

question 44

Multiple Choice

Which of the following is incorrect with regard to the process of organizational strategy formulation?

• A)Organizational goals and objectives determine the competitive strategy.
• B)The strategy determines the value chains.
• C)The value chains determine the business processes.
• D)The business processes determine the structure of the information systems.

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Definitions:

Useful Life

Useful life is the estimated duration of time that an asset is expected to be usable for the purpose it was acquired, often influencing depreciation calculations.

Accumulated Depletion

The total amount of natural resources cost that has been allocated as an expense due to the physical removal or consumption of the natural resource.

Contra-Asset Account

An account that is used to reduce the value of a related asset, e.g., allowance for doubtful accounts reduces accounts receivable.

Natural Resources

Assets that occur in nature, such as minerals, forests, and water, often subject to depletion over time through use.