Strategy and Tactics

question 34

Multiple Choice

Strategy and tactics

• A)are interchangeable terms.
• B)relate to achievement of overall long-term objectives, and multiple short-term objectives, respectively.
• C)can be seen as what top managers do and what lower level employees do, respectively.
• D)none of the above.

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Definitions:

Cumulative

Describes something that increases or accumulates over time, often used in the context of investments or financial statements.

Legal Capital

The portion of a company's equity that cannot legally be distributed to shareholders as dividends, often linked to the par value of common and preferred stock.

Par Value

A nominal dollar amount assigned to corporate shares, representing the minimum price per share that shares can be issued at.

Stated Value

A value that has been assigned to a corporation's stock that does not have a par value, often used for accounting purposes.