Which One of the Following Is Not a Characteristic of an Effectively

question 38

Multiple Choice

Which one of the following is not a characteristic of an effectively worded strategic vision statement?

• A) Directional (is forward-looking,describes the strategic course that management has charted and the kinds of product-market-customer-technology changes that will help the company prepare for the future)
• B) Easy to communicate (is explainable in 10 to 15 minutes,can be reduced to a memorable slogan)
• C) Graphic (paints a picture of the kind of company management is trying to create and the market position or positions the company is striving to stake out)
• D) Consensus-driven (commits the company to a "mainstream" directional path that most all stakeholders will enthusiastically support)
• E) Focused (is specific enough to provide guidance to managers in making decisions and allocating resources)

---

Definitions:

Jointly Controlled Operations

Business activities where control and management responsibilities are shared among two or more parties, often under a joint venture agreement.

Disclosure

The act of making financial information known to the public, typically through financial statements and other official reports, ensuring transparency and accountability.

Unrealised Profits

Earnings generated on paper from investments or sales yet to be finalized through actual transaction or cash exchange.

Joint Venture Investment Account

An account that records the initial and ongoing financial contributions made by the partners of a joint venture, adjusted for their share of profits, losses, and distributions.