Which of the Following Statements Is Correct

question 11

Multiple Choice

Which of the following statements is correct?

• A)Once a firm has defined its purpose, scope, and objectives, it must develop a strategy, or strategies, for achieving its goals. The statement of corporate strategies sets forth detailed plans rather than broad approaches.
• B)A firm's corporate purpose states the general philosophy of the business and provides managers with specific operational objectives.
• C)Operating plans provide detailed guidance, consistent with the corporate strategy, to help operating managers meet the corporate objectives. These operating plans can be developed for any time horizon, but many companies use a 5-year horizon.
• D)A firm's mission statement defines its lines of business and geographic area of operations.

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Definitions:

Fovea

A small depression in the retina of the eye where visual acuity is highest due to a high concentration of cones.

Bipolar Cells

Cells located in the retina that function as intermediaries between photoreceptors and ganglion cells, playing a crucial role in visual processing.

Cones

Photoreceptor cells in the retina of the eye that function best in relatively bright light and enable the perception of color and fine detail.

Nocturnal

Pertaining to or occurring during the night; active or awake at night.