Although Ultimate Responsibility for Implementing and Executing Strategy Falls Upon

question 66

Multiple Choice

Although ultimate responsibility for implementing and executing strategy falls upon the shoulders of senior executives,

• A)top-level managers still have to rely on the active support and cooperation of middle and lower-level managers in pushing needed changes in functional areas and operating units.
• B)the pivotal and most decisive strategy-implementing actions are carried out by frontline supervisors who have the day-to-day responsibility of seeing that key activities are done properly.
• C)it is a company's employees who most determine whether the drive for good strategy execution will succeed or fail.
• D)the success or failure of the implementation/execution effort hinges chiefly on doing an effective job of empowering employees to make day-to-day operating decisions that support good strategy execution.
• E)the success or failure of the implementation/execution effort hinges chiefly on a company's reward system and whether its policies and procedures are strategy-supportive.

---

Definitions:

3-Year Bond

A debt security issued by an entity that matures in three years from the date of issuance, indicating the length of time before the principal is repaid.

Forward Rate

The agreed-upon rate for a financial transaction that will occur at a future date, often used in foreign exchange and interest rate markets.

Coupon Rate

The annual interest rate paid on a bond, expressed as a percentage of the bond's face value.

Maturity Bond

A bond's maturity is the specific future date when the principal amount of the bond is to be paid back to the bondholder, along with any final interest payments.