Strategic Plans Require

question 120

Multiple Choice

Strategic plans require:

• A) long-term resource commitments
• B) a change in organizational structure
• C) the addition of new personnel
• D) new product development
• E) changes in prices

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Definitions:

Management

The act of coordinating and overseeing the activities of a business or organization to achieve defined objectives.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Employees

Individuals who are hired by a company to perform specific duties and tasks in exchange for compensation, contributing to the company's operations and goals.

Common Stockholders

Individuals or entities that own shares in a company's common stock, granting them voting rights and a share in the company's profits through dividends.