What Is Indicated by the Cross-Functional Perspective in Strategic Planning

question 1

Multiple Choice

What is indicated by the cross-functional perspective in strategic planning?

• A)Management action in all functional areas of an organization provide a blueprint for strategic planning.
• B)All functional area plans should be derived from the strategic plan while at the same time contributing to the achievement of it.
• C)Objectives and strategies identified in the strategic plan are not related to other objectives and strategies at higher and lower levels of the organization.
• D)Objectives and strategies from the functional areas in an organization should be translated into objectives and strategies for the strategic plan.

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Definitions:

Time Value

The concept in finance that money available now is worth more than the same amount in the future due to its potential earning capacity.

In-The-Money

A term describing an options contract that has intrinsic value; for a call, when the underlying asset's price is above the strike price, and for a put, when it's below.

Put Option

A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.

Stock Price

The current price at which a particular stock is bought or sold in the market.