To Ensure Successful Strategic Change, All of the Following Must

question 71

Multiple Choice

To ensure successful strategic change, all of the following must take place except ________.

• A) the firm must have a new vision
• B) the strategy must be executed by top managers only
• C) the firm will have to provide appropriate incentives
• D) the organization must allocate necessary resources

---

Definitions:

Percentage of Sales Method

An accounting technique used to estimate bad debts or the allowance for doubtful accounts based on a predetermined percentage of sales.

Current Revenues

Income generated from the normal business operations within the current accounting period.

Anticipated Current Expenses

Projected expenses that a company expects to incur within the current accounting period.

Petty Cash Funds

A small amount of cash on hand used for paying minor expenses like office supplies or courier fees.