In the Hands of the General Manager, Strategy Is a Tool

question 11

Multiple Choice

In the hands of the general manager, strategy is a tool for

• A) establishing, directing, and controlling the operation of an organization
• B) creating, sustaining, and monitoring the direction of an organization
• C) establishing, implementing, and monitoring the performance of an organization
• D) creating, sustaining, and assessing the operation of an organization

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Definitions:

Net Income Before Taxes

The profit a company generates after all expenses have been deducted from revenues but before income taxes are subtracted.

Liquidity

The ability of an asset to be converted into cash quickly without losing value.

Asset Management

The method of creating, running, upkeeping, and marketing assets in an economical way.

Profitability

A measure of how effectively a company generates profit from its revenues, indicating the financial success and health of a business.