Putting Together a Capable Top Management Team with the Right

question 20

Multiple Choice

Putting together a capable top management team with the right mix of experiences, skills, and abilities

• A)should take top priority in building competitively valuable core competencies.
• B)is particularly important when the firm is pursuing unrelated diversification or making a number of new acquisitions in related businesses.
• C)is important in building an organization capable of proficient strategy execution, but is nearly always less crucial than doing a superior job of training and retraining employees.
• D)entails filling key managerial slots with smart people who are clear thinkers, good at figuring out what needs to be done, and who are skilled in "making it happen" and delivering good results.
• E)is particularly essential for executing a strategy to keep a company's costs lower than rivals and become the industry's low-cost leader.

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Definitions:

Withholding Allowances

A taxpayer's claim that reduces the amount of money that an employer deducts from their paycheck for taxes, based on personal or dependant status.

Withholding Allowances

Deductions allowed on a paycheck, used to be calculated to reduce the amount of income tax withheld from an employee's salary.

FUTA Taxes

Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund the unemployment insurance system.

Liability

A company’s or individual’s legal financial debts or obligations that arise during the course of business operations.