Which of the Following Statements About the Four Basic Business

question 205

Multiple Choice

Which of the following statements about the four basic business and management practices that Nohria,Joyce,and Roberson 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 individual tools and techniques, the tool itself is less important than flawless execution of the ones the company uses.
• E) No strategy can work unless every stakeholder buys into it one hundred percent.

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Definitions:

Adjusting Entry

A journal entry made in accounting to update the records for accruals and deferrals that have not yet been recorded.

Accrued Revenue

Income that has been earned but not yet received, typically recorded in the accounting period it is earned rather than when cash is exchanged.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel adjusting entries made at the end of the previous period, simplifying the recording of subsequent transactions.

Operating Cycle

The average time period between the acquisition of inventory and the collection of cash from accounts receivable, reflecting the efficiency of a company's operations.