A Strategy That Sets the Long-Term Direction for an Organization

question 74

Multiple Choice

A strategy that sets the long-term direction for an organization as a whole is called a __________.

• A) corporate strategy
• B) financial strategy
• C) functional strategy
• D) business strategy

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Definitions:

Square Root

A value that, when multiplied by itself, gives the original number.

Directly Proportional

The relationship between two variables where if one variable increases, the other variable increases by the same factor.

Total Revenue

The total income generated from the sale of goods or services, calculated as the unit price multiplied by the quantity sold.

Constant of Proportionality

The constant of proportionality is the factor that relates two variables that are directly proportional to one another.