Strategic Management Is That Set of Managerial Decisions and Actions

question 74

Multiple Choice

Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?

• A) strategy formulation
• B) strategy implementation
• C) statistical process control
• D) evaluation and control
• E) environmental scanning

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Definitions:

Extracellular

Outside the cell.

Osmotic Pressure

Force required to prevent the movement of water across a selectively permeable membrane.

Na+

A symbol representing sodium ions, which are essential electrolytes in the body, playing key roles in nerve impulse conduction, muscle contraction, and fluid balance.

Plasma

The liquid component of blood in which blood cells are suspended, consisting largely of water, proteins, and dissolved substances.