Good Strategy Execution

question 1

Multiple Choice

Good strategy execution

• A) requires a team effort with managers who have strategy-executing responsibility and making all employees active participants in the execution process.
• B) requires getting things done effectively and efficiently.
• C) allows companywide performance measures to be met.
• D) requires middle and lower-level managers to ensure strategy-critical activities are successfully implemented.
• E) All of these choices are correct.

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Definitions:

Efforts

The use of physical or mental energy to achieve tasks and goals.

Accomplishments

Achievements or completed goals that an individual or organization has successfully attained.

Revenue Recognition Principle

An accounting guideline stating that revenue should be reported when it is earned and realizable, regardless of when the cash is received.

Accounting Period

A specific duration of time, such as a month, quarter, or year, over which financial activities are recorded and reported.