To Sum Up, Strategy in Practice May Differ from Top

question 3

Multiple Choice

To sum up, strategy in practice may differ from top management's vision

• A)but not by much.
• B)because staff enact it, and they are influenced by the firm's structure, systems and culture around them.
• C)because staff enact it but they are not as experienced as top managers.
• D)because top management has failed to explain sufficiently clearly what it wants.

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Definitions:

Net Interest

The difference between the interest paid by a financial entity on its borrowings and the interest received from its lending and investment activities.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period, used as a broad measure of economic activity.

Net Domestic Product

The total value of all goods and services produced within a country's borders adjusted for depreciation.

Depreciation

The process of allocating the cost of a tangible or physical asset over its useful life, reflecting wear, tear, and obsolescence.