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)

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Definitions:

Weekly Interest Rate

Interest calculated and applied on a weekly basis, often referred to in terms of loans or savings.

BAT Model

Behaviorally Adjusted Time (BAT) Model refers to a calculation method designed to account for the inefficiencies human behavior introduces into the financial markets.

Optimum Initial Cash Balance

The ideal amount of cash a company needs on hand to operate efficiently without incurring excess costs or missing out on opportunities.

Monthly Disburses

The process of distributing or paying out funds from a budget or account, typically occurring on a monthly basis.