Which of the Following Are Characteristics of an Effectively Worded

question 31

Multiple Choice

Which of the following are characteristics of an effectively worded strategic vision statement?

• A) Balanced,responsible,and rational
• B) Challenging,competitive,and "set in concrete"
• C) Graphic,directional,and focused
• D) Realistic,customer-focused,and market-driven
• E) Achievable,profitable,and ethical

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Definitions:

Budget Variance

The difference between the budgeted or planned financial activity and the actual financial performance.

Volume Variance

The difference between the expected amount of output at the standard cost and the actual amount produced, measured at the standard cost.

Direct Labor-Hours

A measure of the total hours worked directly on the production of goods.

Budget Variances

The difference between budgeted and actual figures for revenues or expenditures, indicating under or overspending.