Which of the Following Statements Concerning an Organization's Strategy Is

question 99

Multiple Choice

Which of the following statements concerning an organization's strategy is NOT true?

• A)Strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.
• B)Management accountants provide input to help managers formulate strategy.
• C)A good strategy will always overcome poor implementation.
• D)Businesses usually follow one of two broad strategies: offering a quality product at a low price, or offering a unique product or service priced higher than the competition.

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Definitions:

AFC

Average Fixed Cost (AFC) is the fixed costs of production (such as rent, salaries, machinery) divided by the quantity of output produced.

Fixed Costs

Costs that remain constant regardless of the level of production or output, such as rent, salaries, and loan repayments.

Maximum Amounts

The highest allowable or possible quantity or number in a given set of circumstances or regulations.

Variable Costs

Expenses that vary in relation to the amount of activity or production volume within a company.