Closing the Loop in the Area of Business Strategy Means

question 62

Multiple Choice

Closing the loop in the area of business strategy means that:

• A)core competencies at the functional level feed back into the business strategy.
• B)the mission statement is used to develop the business strategy.
• C)the business strategy is translated into operations and supply chain actions.
• D)other functional strategies, such as those of the marketing and finance functions are aligned with the operations and supply chain strategy.

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Definitions:

Future Enacted Tax Rates

Tax rates that have been passed into law but will go into effect at a future date, relevant for financial planning and reporting.

Asset/Liability Method

A method used in accounting to adjust the books for tax purposes, balancing the future tax benefits of assets against the future tax obligations of liabilities.

Accelerated Cost Recovery

A method of depreciation used for tax purposes that allows for higher deductions in the early years of an asset's life.

Straight-Line Depreciation

Straight-Line Depreciation is a method where the cost of a tangible asset is reduced evenly over its useful life.