Most Strategy Literature Advocates That Strategic Management Is

question 90

Multiple Choice

Most strategy literature advocates that strategic management is

• A) more of a science than an art.
• B) more of an art than a science.
• C) based on analysis rather than research.
• D) based on intuition rather than analysis.
• E) based on creativity rather than intuition.

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Definitions:

Common-Size Statement

A financial statement in which each line item is expressed as a percentage of a significant total, facilitating comparison.

Comprehensive Income

The change in equity of a business enterprise during a period from transactions and other events from non-owner sources. It includes all forms of earnings and gains or losses.

Accounts Payable Turnover

A financial metric that measures the rate at which a company pays off its suppliers.

Days' Sales

A financial metric that measures the average time it takes for a company to turn its inventory into sales.