In a Company in Which an Effective Vision Has Been

question 54

Multiple Choice

In a company in which an effective vision has been provided, which of the following is the most likely result?

• A) There is no need for tactical planning.
• B) The economic and competitive environments tend to be much more predictable.
• C) Employees are likely to have a sense of purpose and a common set of values.
• D) Goals and objectives are no longer needed.

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Definitions:

Emergency Banking Act

A law passed in 1933 during the Great Depression that aimed to stabilize the banking sector, restore public confidence, and prevent the failure of banks.

Roosevelt's Inauguration

The ceremony marking the beginning of Franklin D. Roosevelt's presidency, notable for his speech declaring the only thing to fear is "fear itself" during the Great Depression.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, ensuring stable prices and exchange rates.

Consumer Faith

The confidence and trust that consumers have in the quality, safety, and reliability of the products and services they purchase.