From a Strategy-Implementing/strategy-Executing Perspective,operating Budget Allocations Should

question 4

Multiple Choice

From a strategy-implementing/strategy-executing perspective,operating budget allocations should:

• A) primarily be based on the number of new strategic initiatives being implemented in each operating department.
• B) be based on the number of people employed in each of the divisions.
• C) be strategy-driven and be based on how much each organizational unit needs to carry out its piece of the strategic plan efficiently and effectively.
• D) be linked to the costs of performing value chain activities as determined by benchmarking against best-in-industry competitors.
• E) depend on how much stretch there is in each department's objectives and what additional resources are needed to help reach these performance targets.

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Definitions:

Levy

The obtaining of money by legal process through the seizure and sale of property, usually done after a writ of execution has been issued.

Buyer in Ordinary Course

A person who purchases goods in good faith from a seller who is in the business of selling such goods, without aware of any claims against the goods.

Trustee in Bankruptcy

An appointed individual responsible for managing the estate of a bankrupt person, to distribute the assets among creditors.

Subsequent Lien Creditor

A creditor who obtains a lien on a debtor's property after other liens have already been placed on the property, typically having lower priority in case of asset distribution.