According to the 7-S Framework, _____ Refers to Patterns of Management

question 21

Multiple Choice

According to the 7-S framework, _____ refers to patterns of management actions, how managers spend their time, what they pay attention to, the signals that they send about priorities, and attitude to change.

• A) strategy
• B) support
• C) staff
• D) style

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Definitions:

Goodwill

The excess value of the purchase price over the fair market value of the assets acquired and liabilities assumed in a business combination.

Recoverable Amount

The higher of an asset's fair value less costs to sell and its value in use. It's the estimated amount an entity can obtain from an asset's use or sale, covering its carrying amount.

Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting accumulated depreciation and impairment charges.

Cost Method

An accounting method used to record investments in which the investment is recorded at cost and dividends are recognized as income.