Strategic Unity and Alignment Requires That Organizations Have All of the Following

question 77

Multiple Choice

Strategic unity and alignment requires that organizations have all of the following except?

• A)Knowledge, skills and mindset required to achieve the vision
• B)Goals that are much higher than current performance
• C)Goals and actions that are aligned across individuals, teams and units
• D)Deep understanding, ownership and commitment to the vision
• E)A motivating and compelling vision and inspiring values

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Definitions:

Direct Materials

Raw materials that can be directly traced to the production of a specific product, a component of the total manufacturing cost.

Variances

Differences between planned or expected financial outcomes and the actual results.

Standard Direct Materials

The budgeted cost for direct materials which are the raw materials that can be directly attributed to the production of goods, used for budgeting and performance evaluation.

Actual Materials Price

The real cost incurred to acquire materials used in the production process, as opposed to the budgeted or standard cost.