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.

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Definitions:

Market Value

The trading price at present for assets or services in the market.

Debt Equity Ratio

This metric assesses a corporation's financial leverage by comparing its overall liabilities to the equity of its stockholders.

Pretax Debt Costs

The expenses related to debt before income taxes are applied, such as interest expenses.

Tax Rate

The percentage at which an individual or corporation is taxed by the government, which can vary based on income level, type of taxpayer, or type of income.