Which of the Following Is the Main Purpose of a Strategic

question 45

Multiple Choice

Which of the following is the main purpose of a strategic management process?

• A)Ensuring that all employees have managers and supervisors to lead their teams
• B)Creating an organization that functions systematically according to its vision, mission, and goals
• C)Creating a high-level plan that can be implemented without fierce competition and undue risk
• D)Specifying a high-level plan that an organization will employ to achieve competitive advantage

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Definitions:

Balance

The total amount of money in a financial account, calculated by offsetting debits against credits.

Withdraw

The act of removing funds from a bank account, or discontinuing participation in an activity or agreement.

Simple Interest

Interest calculated on the principal portion of a loan or deposit, not compounding on earned interest.

Savings Account

An account at a banking institution, offering the preservation of the initial amount with a low interest return.