The Shift in Strategy from a Plan to a Direction

question 29

Multiple Choice

The shift in strategy from a plan to a direction leads to

• A)a downgrade its role in management.
• B)an overt reliance on flexibility and responsiveness.
• C)a need for top managers' training.
• D)less work for top managers.

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Definitions:

Resources

Assets, materials, and inputs needed by businesses to produce goods or services.

Land

An asset represented by the earth's surface not depreciated over time, considered a fixed asset on a company's balance sheet without an expiration or useful life.

Financing Activity

Activities that result in changes in the size and composition of the equity capital or borrowings of a company.

Long-term Loan

A loan with a repayment period typically extending beyond one year, used for financing significant investments or acquisitions.