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:

Acute Digestive Problems

Short-term digestive system disorders that include symptoms like nausea, vomiting, diarrhea, and abdominal pain.

Increased Reserve Capacity

An enhancement in the ability or potential of a system or organism to respond to challenges or perform beyond its usual limits.

Seattle Longitudinal Study

A research project initiated by K. Warner Schaie that investigates cognitive abilities across the lifespan, focusing on adults and the aging process.

Cognitive Complex Occupations

Jobs that require a high level of mental efforts and tasks involving problem-solving, decision making, and creative thinking.