Which of the Following Key Planning Elements Should Provide a Competitive

question 67

Multiple Choice

Which of the following key planning elements should provide a competitive advantage that can be defended?

• A)Opportunity
• B)Risk and reward
• C)People
• D)Competition
• E)Context

---

Definitions:

Residual Income

A performance measure for investment centers that subtracts the opportunity cost of the investment from the income generated by the assets of the investment.

Senior Management

High-level executives responsible for the overall management and effectiveness of an organization.

Inventory Levels

The quantity of goods and materials on hand at any given time in a company.