According to MANAGER'S SHOPTALK in Chapter 7, All of the Following

question 75

Multiple Choice

According to MANAGER'S SHOPTALK in Chapter 7, all of the following are clues for creating an environment and process conducive to effective strategy implementation EXCEPT:

• A) Assume commitment to the strategy
• B) Devise a clear implementation plan
• C) Pay attention to culture
• D) Take advantage of employees' knowledge and skills
• E) Communicate, communicate, communicate

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Definitions:

Residual Income

The amount of income that an individual or business has after all expenses and debts have been paid.

Return on Investment

A financial metric used to gauge the profitability of an investment, calculated by dividing the profit gained from an investment by the cost of the investment.

Operating Income

EBIT, which stands for Earnings Before Interest and Taxes, indicates a firm's profit derived specifically from its primary business activities.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales revenue; calculated as sales divided by the investment in assets.