The Strategic-Management Process

question 127

Multiple Choice

The strategic-management process

• A) occurs once a year.
• B) is a sequential process.
• C) is a continuous process.
• D) applies mostly to companies with sales greater than $100 million.
• E) applies mostly to small businesses.

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Definitions:

Jigsaw Classroom Technique

An educational approach designed to promote cooperation and reduce competition among students.

Cooperative Learning Strategies

Educational approaches where students work together in small groups to accomplish shared goals and enhance each other’s learning.

Surety Agreement

A contract where one party (surety) guarantees the performance or obligations of a second party (principal) to a third party (obligee).

Collateral

A borrower's asset that is given to a lender to secure the repayment of a loan.