Strategic Coherence Is the Symmetrical Coalignment of the Five Elements

question 33

True/False

Strategic coherence is the symmetrical coalignment of the five elements of the firm's strategy, the congruence of functional-area policies with these elements, and the overarching fit of various businesses under the corporate umbrella.

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Definitions:

Indirect Method

An approach used in cash flow statements where net income is adjusted for changes in non-cash working capital and other items to arrive at net cash flow from operating activities.

Fixed Assets

Fixed assets are long-term tangible assets that a company owns and uses in its operations to generate income, such as buildings, machinery, and equipment.

Percentage-Of-Completion Method

An accounting method used to recognize revenues and expenses of long-term projects proportionate to the work completed during the period.

Contract Costs

Expenses directly related to securing and executing a contract, including labor, materials, and overheads.