One of the Considerations When Developing a Strategic Action Plan

question 44

Multiple Choice

One of the considerations when developing a strategic action plan is the

• A) product market focus
• B) contingency allocation
• C) corporate governance
• D) leadership style

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Definitions:

Monetary Unit Assumption

An accounting principle that assumes transactions and events can be expressed in monetary units.

Dollar Amounts

Units of currency used in financial transactions or accounting to represent values or costs.

Fair Value

The value that could be gained from the sale of an asset or the expense of transferring a liability, in a regulated transaction among market players on the date of assessment.

Asset Acquired

An item of economic value obtained by a company, expected to provide future benefit by generating cash flows or reducing expenses.