An Integral Part of the Managerial Process of Crafting and Executing

question 87

Multiple Choice

An integral part of the managerial process of crafting and executing strategy includes

• A)developing a proven business model.
• B)deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage.
• C)developing a strategic vision.
• D)communicating the company's values and code of conduct to all employees.
• E)deciding on the company's strategic intent.

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Definitions:

Resulting Trust

A trust formed by implication of law when property is transferred under circumstances suggesting the transferor does not intend the transferee to have beneficial interest in the property.

Revocable Living Trust

A legal document that allows an individual to control their assets during their lifetime and specify how these assets are distributed upon their death. It can be altered or revoked.

Constructive Trust

An equitable remedy imposed by a court to rectify situations where injustice would otherwise occur due to wrongful possession of property.

Irrevocable Living Trust

A legal arrangement where a grantor places assets into a trust, relinquishing control over them, and the assets are managed by a trustee for the benefit of the trust's beneficiaries. Once established, it cannot be amended or dissolved.