Strategy Is Formulated ________

question 36

Multiple Choice

Strategy is formulated ________.

• A) by identifying the most important customers
• B) by forecasting the composition of adequate fixed assets
• C) based on the qualified opinion of external auditors
• D) by eliminating sunk costs

---

Definitions:

Preliminary Controls

Early measures or procedures put in place to identify potential risks and prevent future problems, ensuring that organizational objectives are achieved effectively.

Post-action Controls

Mechanisms put in place to evaluate and adjust processes or activities after they have occurred, to ensure objectives are met and to learn from the outcomes.

Feedback Control

A process by which information about the past or present influences the same phenomenon in the present or future, commonly used in management and engineering to regulate systems.

Mistakes

Actions or decisions that are incorrect or unwise, often leading to undesired outcomes.