Which of the Following Statements Falsely Characterizes the Managerial Task

question 93

Multiple Choice

Which of the following statements falsely characterizes the managerial task of executing strategy?

• A) Executing strategy is an action-oriented,make-things-happen task.
• B) Executing strategy tests a manager's ability to direct organizational change,achieve continuous improvement in operations and business processes,create and nurture a strategy-supportive culture,and consistently meet or beat performance targets.
• C) Implementing new strategic initiatives principally involves employing managerial techniques to overcome resistance to change.
• D) Executing strategy requires a team effort which entails that every manager think through the answer to "What does my area have to do to implement its part of the strategic plan,and what should I do to get these things accomplished effectively and efficiently?"
• E) Implementing and executing strategy is primarily an operations-driven activity revolving around the management of people and business processes.

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Definitions:

Nominal Yield To Maturity

The return an investor expects to earn if a bond is held until its maturity date, without adjusting for inflation.

Semiannual Coupon

A semiannual coupon refers to the interest payment made to bondholders twice a year.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.

Coupon Interest Rate

Yearly rate of interest on a bond, denoted as a percentage of its principal value.