Petris's Model of the 'Phases in the Strategy-Making Process in the Public

question 5

Multiple Choice

Petris's model of the 'phases in the strategy-making process in the public sector' does NOT include:

• A)setting direction through strategic frameworks
• B)consulting with strategic stakeholder groups to achieve working consensus
• C)transforming strategic frameworks into policies and programs
• D)implementing policies and programs

---

Definitions:

High-duration

Describes bonds or other fixed-income securities that have high sensitivity to changes in interest rates, usually because they have a long time until maturity.

Low-duration

Refers to investments that have a short time until maturity, typically associated with lower interest rate risk.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, expressed in years.

Today's Dollars

An amount of money adjusted for inflation to reflect current purchasing power, often used to compare money values at different times.