What Makes the Managerial Task of Executing Strategy So Challenging

question 73

Multiple Choice

What makes the managerial task of executing strategy so challenging and demanding is:

• A) the trial-and-error experimentation that is required to come up with a workable organizational structure.
• B) the demanding people-management skills required,the resistance to change that has to be overcome,and the perseverance necessary to get a variety of initiatives launched and kept moving along.
• C) the time and effort it takes to build core competencies.
• D) the time,training,and creative effort it takes to empower employees and teach them responsible decision making.
• E) the supervisory requirements associated with getting company personnel to do things the right way.

Grasp the concept of pass-through tax entities and how it applies to LLPs.

Understand the rights of partners to access books and information in limited partnerships.

Recognize the implications and conditions under which a partner may lose limited liability status.

Understand the process and legal implications of dissolving partnerships.

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Definitions:

Elastic

Describes a situation in which a change in price leads to a significant change in the quantity demanded or supplied of a good or service.

Supply

The total amount of a good or service that is available to consumers at a given price level and time.

Demand

The desire and ability of consumers to purchase a good or service at a given price.

Tax

A required financial contribution or alternative type of tax placed on a taxpayer by a state authority to cover government outlays and assorted public spending.