Identifying the Strategic Issues and Problems That Merit Front-Burner Managerial

question 51

Multiple Choice

Identifying the strategic issues and problems that merit front-burner managerial attention:

• A) is accomplished solely by analyzing the company's internal working environment.
• B) helps set management's agenda for taking actions to improve the company's performance and business outlook.
• C) is done solely by evaluating the company's own internal situation-its resources and competitive position-to help come up with a "worry list" of "how to…," "whether to…," and "what to do about…"
• D) is done solely as a basis for drawing conclusions about whether to stick with a company's present strategy or to modify it.
• E) is accomplished solely by analyzing the company's external environment.

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Definitions:

Cease-And-Desist Order

An administrative or judicial order prohibiting a person or business firm from conducting activities that an agency or court has deemed illegal.

Federal Trade Commission

An independent agency of the United States government, established to prevent unfair business practices and promote consumer protection.

Environmental Protection Agency

A U.S. federal agency responsible for the protection of human health and the environment by writing and enforcing regulations based on laws passed by Congress.

Fuel Economy

A measure of how far a vehicle can travel on a specific amount of fuel, reflecting the efficiency of the vehicle’s fuel consumption.