The Four Key Attributes of Strategic Management Include the Idea

question 92

Multiple Choice

The four key attributes of strategic management include the idea that strategy must

• A) be directed toward overall organizational goals and objectives.
• B) be focused only on long-term objectives.
• C) be focused on only one specific area of an organization.
• D) focus only on competitor strengths.

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Definitions:

Unrealized Gain-Equity

An increase in the value of an investment or asset that has not been sold, as recorded in the equity section of the balance sheet.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Equity Security

A financial instrument representing ownership in a company, such as stocks, entitling holders to a share of the company's profits.

Significant Influence

The capacity of an investor to affect the financial or operating policies of an investee without having full control or majority ownership.