While Ultimate Responsibility for Implementing and Executing Strategy Falls Upon

question 10

Multiple Choice

While ultimate responsibility for implementing and executing strategy falls upon the shoulders of senior executives,

• A) top-level managers still have to rely on the active support and cooperation of middle and lower-level managers in pushing needed changes in functional areas and operating units.
• B) the pivotal and most decisive strategy-implementing actions are carried out by front-line supervisors who have day-to-day responsibility for seeing that key activities are done properly.
• C) it is a company's employees who most determine whether the drive for good strategy execution will succeed or fail.
• D) the success or failure of the implementation/execution effort hinges chiefly on doing an effective job of empowering employees to make day-to-day operating decisions that support good strategy execution.
• E) the success or failure of the implementation/execution effort hinges chiefly on a company's reward system and whether its policies and procedures are strategy-supportive.

Compute the expected contribution margin given a specific activity level.

Understand the cost formula for both variable and fixed expenses.

Determine net operating income using the contribution approach.

Analyze and calculate average fixed costs per unit at a defined activity level.

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Definitions:

Social Hierarchy

The organization of individuals within a society into different levels of status or authority, often based on factors like wealth, occupation, or education.

Stratification System

The hierarchical organization of society into different social classes, castes, or other groups, based on factors like wealth, occupation, and social status.

High-Level Positions

Refers to roles or jobs within an organization that carry significant responsibility, authority, and usually higher pay.

Functional Explanation

An approach that explains social phenomena and structures by their functions and contributions to the continuation of a society or system.