Which of the Following Most Accurately Describes the Task of Crafting

question 77

Multiple Choice

Which of the following most accurately describes the task of crafting a company's strategy?

• A) In most companies, strategy-making is the exclusive province of top management-owner-entrepreneurs, CEOs, and other very senior executives.
• B) The more a company's operations cut across different products, industries, and geographical areas, the more that headquarters executives have little option but to delegate considerable strategy-making authority to down-the-line managers in charge of particular subsidiaries, product lines, geographic sales offices, and plants.
• C) A company's board of directors generally takes the lead role in crafting a company's strategy.
• D) In most of today's companies, the lead strategy-making role is being assumed by an elite group of corporate entrepreneurs.
• E) Masterful strategies are nearly always the product of brilliant corporate entrepreneurs.

---

Definitions:

Soviet-backed Governments

Soviet-backed governments were administrations in various countries during the Cold War that received political, military, and economic support from the Soviet Union to establish or maintain communist regimes.

Economic Necessity

A situation where financial considerations compel a particular course of action, indicating that certain decisions are driven by economic rather than preferential factors.

Employment Opportunities

Available jobs or positions in the labor market that individuals can apply for in order to earn income.

Poverty Rate

The percentage of the population living below the national poverty line, indicating the proportion of individuals or families whose income falls short of the defined threshold for basic living costs.