Which of the Following Is True of a Good Strategic

question 59

Multiple Choice

Which of the following is true of a good strategic plan?

• A) It is marked by a lack of emphasis on technology.
• B) It is devised by the HR department autonomously.
• C) It is not applicable to all company employees.
• D) It is focused on individual goals, not company objectives.
• E) It is aligned to corporate values and the mission.

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Definitions:

Absorption Costing

Absorption costing is an accounting method that includes all manufacturing costs - direct materials, direct labor, and overhead - in the cost of a product.

Special Price

A temporarily reduced price offered on goods or services, often used as a promotional or marketing strategy.

Net Income

The net income of a business following the subtraction of all costs and taxes from its earnings.

Absorption Costing

A costing method that integrates all expenses related to the manufacturing process, including direct materials, direct labor, and overhead costs, both variable and fixed, into the final product cost.