Which of the Following Statements Is True of Strategic Management

question 56

Multiple Choice

Which of the following statements is true of strategic management?

• A) Middle management is responsible for setting the strategy in most organizations.
• B) All levels of management are imperative to the strategic implementation process.
• C) Formulating an organization's vision statement is the core motive of strategic management.
• D) As companies go international, the need for strategic management decreases.

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Definitions:

Cash Basis

An accounting method where revenues are recognized when cash is received, and expenses are recorded when cash is paid.

Debit Portion

The side of an accounting entry that increases asset or expense accounts or decreases liability, equity, or revenue accounts.

Asset Account

A category in accounting ledgers that records the increases and decreases in specific assets owned by a business.

Liability Account

An account on a company's balance sheet representing debts or obligations that the company owes to others.