Strategic Management Should Only Include Short-Term Objectives

question 29

True/False

Strategic management should only include short-term objectives. Long-term objectives are covered in the vision statement of the organization.

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Definitions:

Credit Item

An entry that increases the balance in a bank account or financial statement, signifying an inflow of funds.

American Car

Refers to automobiles manufactured by companies based in the United States, known for their significant contribution to the automotive industry.

Current Account

A component of a country's balance of payments that includes the balance of trade, net income from abroad, and net current transfers.

Double-Entry Bookkeeping

An accounting practice that ensures every transaction affects two accounts, maintaining the balance of the accounting equation.