Which of the Following Is the Greatest Advantage of Strategic

question 10

Multiple Choice

Which of the following is the greatest advantage of strategic planning with a cross-functional team?

• A)It ensures that strategic planning remains exclusively a top-management responsibility.
• B)It helps the organization arrive at a strategic plan directly from the functional area plans.
• C)It allows the team members to consider a situation from a number of viewpoints.
• D)It improves the cross-cultural relations between employees.

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, including the balance sheet, income statement, and cash flow statement.

Generally Accepted Accounting Principles

A set of accounting standards and procedures that are used to compile financial statements, ensuring consistency, reliability, and comparability of financial reporting.

Relevance

The quality of information that makes it useful for decision-making, implying that the information has the ability to influence the decisions of its users.

Future Events

Instances or occurrences that have not yet happened but are expected or anticipated to occur.