Which of the Following Statements About the Four Basic Business

question 192

Multiple Choice

Which of the following statements about the four basic business and management practices that researchers identified is most accurate? 

• A)Strategy and structure are more important for success than culture and execution.
• B)Culture and execution are more important for success than strategy and structure.
• C)In order for a company to be successful,it must use all four strategies.
• D)In terms of the basic business and management practices,the practice itself is less important than flawless execution of the one(s)the company does use.
• E)No strategy can work unless every stakeholder buys into it 100 percent.

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Definitions:

Employer's Payroll

This encompasses the total amount of all compensation that a business must pay to its employees for a set period of time or on a given date.

May Wages

The total payroll expenses incurred for labor during the month of May.

FICA-Social Security Tax

A federal tax in the United States collected from both employees and employers to fund the Social Security program.

FICA-Medicare Tax

The portion of the Federal Insurance Contributions Act tax that funds Medicare, deducted from employees' wages and also paid by employers.