Company Managers Connect Values to the Chosen Strategic Vision and Mission

question 80

Multiple Choice

Company managers connect values to the chosen strategic vision and mission by:

• A) integrating the company's values into its vision and mission/business purpose into one single statement.
• B) using a values-based balanced scorecard to measure the company's progress in achieving the vision.
• C) making achievement of the values a prominent part of the company's strategic objectives.
• D) making it clear that company personnel are expected to live up to the values in conducting the company's business and pursuing its strategic vision.
• E) making adherence to the company's values the centerpiece of the company's strategy.

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Definitions:

EAR

Effective Annual Rate, a comprehensive measure of the cost of borrowing on a loan or earning on an investment, taking into account the effect of compounding interest.

APR

Annual Percentage Rate; the annual rate charged for borrowing or earned through an investment, including any fees or additional costs associated with the transaction.

Loan

A sum of money that is borrowed, which must be paid back with interest, typically used for significant purchases, investing, or to cover cash flow shortfalls.

Balloon Loan

A type of loan that has low, fixed monthly payments for a period of time, followed by a large payment for the remaining amount due at the end of the term.