If Your Business Had Two Strategic Initiatives This Year

question 208

Multiple Choice

If your business had two strategic initiatives this year. One initiative focused on improving customer satisfaction. The second focused on providing customers with their purchase history from any Internet site in the world. If you were to allocate 15% of your IT budget to the first initiative and 25% to the second initiative, what type of strategy are you applying?

• A) Tactical information planning (TIP)
• B) Strategic technology planning (STP)
• C) Transforming IS strategy (TISS)
• D) Run-grow-transform (RGT) framework

Identify and differentiate between artifacts, rituals, and ceremonies as components of organizational culture.

Recognize the role and impact of subcultures and countercultures within an organization.

Recognize the importance of organizational stories and their impact on culture.

Comprehend the mechanisms through which organizational culture influences employee behavior and organizational performance.

---

Definitions:

Owner's Equity

Owner's equity represents the owner's claim on the assets of a business, calculated as the business's assets minus its liabilities.

Assets Liabilities

Assets are resources owned by a business that have economic value, while liabilities are obligations of a business to transfer resources to another entity in the future.

Accounting Period

A specific period of time used for financial reporting purposes, usually a quarter or a year, to measure business activities and prepare financial statements.

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, ensuring that total debits match total credits.