In a Company in Which an Effective Vision Has Been

question 217

Multiple Choice

In a company in which an effective vision has been provided

• A) there is no need for tactical planning.
• B) the economic and competitive environments tend to be much more predictable.
• C) employees are likely to have a sense of purpose and a common set of values.
• D) goals and objectives are no longer needed.

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Definitions:

Asset Write-Downs

An accounting process involving the reduction in the book value of an asset when its market value falls below its current book value.

Net Income

The ultimate earnings of a company, arrived at by taking away all expenses, taxes, and costs from the total income.

Dividends

Earnings distributed by a corporation to its shareholders from its profit.