Crafting and Executing Strategy Are Top-Priority Managerial Tasks Because

question 33

Multiple Choice

Crafting and executing strategy are top-priority managerial tasks because:

• A) it helps management create tight fits between a company's strategic vision and business model.
• B) it allows all company personnel,and especially senior executives,to know the answer to "who are we,what do we do,and where are we headed?"
• C) it is management's prescription for doing business,its roadmap to competitive advantage,a game plan for pleasing customers,and its formula for improving performance.
• D) it provides clear guidance as to what the company's business model and strategic intent are,and helps keep managerial decision-making from being rudderless.
• E) it establishes how well executives perform these tasks and are the key determinants of executive compensation.

Understand the basic concepts and importance of wills and estate planning.

Learn about different types of wills and their characteristics.

Familiarize with various legal instruments used in estate planning such as trusts and powers of attorney.

Recognize the legal procedures associated with probate and the proving of a will.

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Definitions:

Martin Van Buren

The eighth President of the United States (1837–1841), known for his role in the establishment of the Democratic Party and his efforts to navigate the nation during the Panic of 1837.

Indian Removal Act

1830 law signed by President Andrew Jackson that permitted the negotiation of treaties to obtain the Indians’ lands in exchange for their relocation to what would become Oklahoma.

Five Civilized Tribes

A collective term for five Native American nations—the Cherokee, Chickasaw, Choctaw, Creek (Muscogee), and Seminole—that were considered "civilized" by Anglo-European settlers during the 19th century because of their adoption of many colonial customs.

Seminole

A Native American people originally from Florida, known for their resistance against US forces during the Seminole Wars.