Strategy Is About Competing Differently Than Rivals; Thus, Strategy Success

question 94

Multiple Choice

Strategy is about competing differently than rivals; thus, strategy success is about

• A)the sources of sustained advantages and superior profitability.
• B)those emergent, unplanned, reactive, and adaptive plans that are more appropriate than deliberate or intended ones that drive the realized strategy.
• C)matching internal resources and capabilities to the industry environment.
• D)keeping the firm current with the rapid pace of change in the industry.
• E)replacing proactive and reactive measures by modified ongoing strategic elements to preserve company values.

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Definitions:

Cash Receipt Posting

Cash receipt posting involves recording the receipt of money into the financial records of a business, often marking the payment of an invoice or sale.

Cash Receipts Journal

A specialized accounting journal used to record all cash inflows or receipts of a business.

Accounts Payable Subsidiary Ledger

A detailed ledger containing all individual creditor accounts, which supports the total balance reported in the company's general ledger account for accounts payable.

Cash Payment Posting

The process of recording cash payments in the accounting records, affecting the balance of cash accounts.