Which of the Following Are Characteristics of an Effectively Worded

question 31

Multiple Choice

Which of the following are characteristics of an effectively worded strategic vision statement?

• A) Balanced,responsible,and rational
• B) Challenging,competitive,and "set in concrete"
• C) Graphic,directional,and focused
• D) Realistic,customer-focused,and market-driven
• E) Achievable,profitable,and ethical

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Definitions:

EMV Decision

A strategic choice made by calculating and comparing the expected monetary values of different options or paths.

Prior Probabilities

The probabilities initially assigned to hypotheses or events based on background knowledge before new data is taken into account.

States of Nature

Scenarios or conditions in decision-making models that are outside the decision maker's control, representing different possible outcomes of external factors.

Sporting Goods Store

A retail business that specializes in selling equipment, clothes, and other items related to sports and outdoor activities.