In a Single-Business Company, the Strategy-Making Hierarchy Consists of

question 63

Multiple Choice

In a single-business company, the strategy-making hierarchy consists of

• A)business strategy, divisional strategies, and departmental strategies.
• B)business strategy, functional strategies, and operating strategies.
• C)business strategy and operating strategy.
• D)managerial strategy, business strategy, and divisional strategies.
• E)corporate strategy, divisional strategies, and departmental strategies.

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the name of the payer and payee.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Banker's Acceptance

A short-term debt instrument issued by a company that is guaranteed by a commercial bank.

Bills Of Exchange Act

Legislation that governs the creation, transfer, and payment of bills of exchange, a type of negotiable instrument.