When an Organization Is Evaluating Its Strategic Position,which Is Not

question 84

Multiple Choice

When an organization is evaluating its strategic position,which is not one of the strategic questions that an organization generally may ask itself?

• A) Where is the organization now?
• B) Are we on target to hit our financial objectives next year?
• C) If no changes are made, where will the organization be in one year?
• D) If the evaluation is negative, what specific actions should management take?
• E) If no changes are made, where will the organization be in 10 years?

---

Definitions:

Trade Credit

Credit extended by suppliers for the purchase of their goods and services.

Line of Credit

An arrangement by which a bank agrees to lend a specified amount of money to an organization upon request.

Non-recourse Loan

A type of loan where the lender's ability to recoup losses is limited to seizing the collateral, with no right to pursue the borrower's other assets if the collateral’s value is insufficient.