In Developing Strategic Plans,managers Who Represent the Various Business Functions

question 66

Multiple Choice

In developing strategic plans,managers who represent the various business functions in the firm often hold different views concerning the best strategic course. Why?

• A)Because different functions are rewarded for different things.
• B)Because each function often reflects a unique orientation or thought world.
• C)Because some functions are oriented toward short-term objectives while others center on long-term goals.
• D)All of the above.
• E)(a)and (c)only.

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Definitions:

Frequent Cash-Outs

Regular transactions where cash is withdrawn from a company's account, potentially affecting its liquidity or cash reserves.

Restrictive Policy

A financial policy or strategy that aims to limit credit expansion and investment, often to curb inflation or stabilize economic growth.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for a production process for manufacturing goods.

Inventory Period

Inventory Period is the average time it takes for a company to convert its inventory into sales, indicating the efficiency of inventory management and sales processes.