Killian Decides That He Needs a Few Days Away from It

question 6

Multiple Choice

Killian decides that he needs a few days away from it all to think out his ideas.He takes up an offer from a friend to spend a few days in his mountain cabin.During this time, Killian imagines what his business will look like in 3 years.He pictures his customers using his product and coming into his facility.Killian is engaging in a practice called:

• A)Strategic Planning
• B)Vivid Vision
• C)Detailing
• D)Business Model Canvas

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Definitions:

Accrual Earnings

The earnings of a company that are calculated based on accrual accounting, which records revenues when earned and expenses when incurred, regardless of cash flow.

Realized Operating Cash Flows

Cash flows that are generated from a company's normal business operations and have been received or can be readily converted to cash.

Stock Returns

The total return on investment from owning shares in a company, including dividends received and capital gains.

Industry Average

A benchmark representing the average performance or output of companies within the same sector.