Which of These Is an Example of a Strategic Question

question 41

Multiple Choice

Which of these is an example of a strategic question at the corporate level?

• A) What should our next product be?
• B) How will we price our newest product?
• C) Should we set up more sales offices?
• D) In what industries and markets should we compete?

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Definitions:

Accounts Receivable

Outstanding payments from customers to a firm for goods or services that have already been delivered or utilized but remain unpaid.

Journal Entry

A record in accounting that notes every financial transaction in the books via debits and credits.

Balanced Entry

An accounting entry where the sum of debits equals the sum of credits, maintaining the balance of the accounting equation.

Owner's Capital

The amount of equity a business owner has invested in the firm plus any profits retained in the business.