Management Is Obligated to Monitor New External Developments,evaluate the Company's

question 34

Multiple Choice

Management is obligated to monitor new external developments,evaluate the company's progress,and make corrective adjustments in order to

• A)determine whether the company has a balanced scorecard for judging its performance.
• B)decide whether to continue or change the company's strategic vision,objectives,strategy and/or strategy execution methods.
• C)determine what changes should be made to its customer value proposition.
• D)determine whether the company's business model is well matched to changing market and competitive circumstances.
• E)stay on track in achieving the company's mission and strategic vision.

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Definitions:

Pension Discount Rate

The interest rate used to determine the present value of future pension liabilities.

Current Cash Flows

The money that is moving in and out of a business in the present time, especially as it pertains to operating activities.

Past Service Costs

Costs related to pension plan benefits earned by employees in prior periods, which are recognized in the current period due to plan amendments or changes.

Actuarial Gains and Losses

Gains or losses that arise from the adjustment of assumptions or the application of actuarial models differently over time in evaluating a company's pension liabilities.