Functional Strategies Are Those

question 59

Multiple Choice

Functional strategies are those

• A)implemented by each functional area of the organization to support the business strategy.
• B)utilized by top management in developing the corporate structure and resource allocation of the organization.
• C)strategies voted on by the Board of Directors.
• D)strategies that function as corporate benchmarks for evaluating corporate performance.
• E)strategies used to evaluate competitors.

---

Definitions:

Conditional Contribution

A donation made with specified terms that must be met for the contribution to be retained by the recipient.

FASB

The Financial Accounting Standards Board (FASB) is an independent organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

Journal Entries

Records of financial transactions in accounting, marking debits and credits to accounts.

Medical Supplies

Items used in health care services, including consumables and durable medical equipment.