The Strategy-Making, Strategy-Executing Process Is Shaped by

question 11

Multiple Choice

The strategy-making, strategy-executing process is shaped by

• A)management's strategic vision, strategic and financial objectives, and strategy.
• B)the decisions made by the compensation and audit committees of the board of directors.
• C)external factors such as the industry's economic and competitive conditions and internal factors such as the company's collection of resources and capabilities.
• D)the challenges of developing a sound business model.
• E)top executives and the board of directors; very few managers below this level are involved in the process.

---

Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Payments

The transfer of money or its equivalent from one party to another as a fulfillment of an obligation or for the acquisition of goods or services.

Compounded Semiannually

Refers to the process of applying interest to a principal sum twice a year, resulting in an increase in the amount of interest earned or paid.

Semiannual

Occurring twice a year; pertaining to a period of six months.