_____ Is the Final Step in Implementing Strategy

question 76

Multiple Choice

_____ is the final step in implementing strategy.

• A)Drafting detailed action plans that specify how a strategy is to be implemented
• B)Allocating responsibility for implementation to the appropriate individuals or groups
• C)Establishing a timetable for implementation that includes precise, measurable goals linked to the attainment of the action plan
• D)Holding specific individuals or groups responsible for the attainment of corporate, divisional, and functional goals
• E)Allocating appropriate resources to the responsible individuals or groups

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Definitions:

Equity Mutual Funds

Investment funds that pool money from various investors to purchase a diversified portfolio of stocks.

Fixed-Income Securities

Investments that provide regular income payments, such as bonds or treasury bills, with predetermined interest rates.

Money Market Securities

These are short-term debt instruments, typically with maturities of less than one year, used by governments, financial institutions, and corporations to finance their short-term cash needs.

Net Asset Value

The value of an entity's assets minus the value of its liabilities, often used in the context of mutual and exchange-traded funds.