Managers Charged with Implementing and Executing Strategy Need to Be

question 17

Multiple Choice

Managers charged with implementing and executing strategy need to be deeply involved in the budgeting and resource allocation process because

• A)too little funding deprives organizational units of the resources to carry out their piece of the strategic plan and too much funding wastes organizational resources.
• B)a change in strategy nearly always calls for budget reallocations and resource shifting.
• C)without major budget reallocations there is no chance for the desired core competencies and organizational capabilities to emerge.
• D)lean,carefully managed budgets protect the company's financial condition and eliminate wasteful use of cash.
• E)Both A and B.

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Definitions:

Hybrid Partnership

A business organizational structure that combines features of both partnerships and corporations, allowing for flexibility in management and liability.

Limited Proprietorship

Likely referring to a Limited Partnership, a structure where there are one or more general partners with unlimited liability, and limited partners with liability restricted to their investment.

Corporate Treasurer

A senior executive responsible for managing the investment and financing activities of a corporation, including liquidity management and financial risk.

Tax Management

Strategic planning aimed at minimizing liability and optimizing efficiency in tax obligations.