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

question 65

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 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:

Journal Entry

is a record in accounting that represents the recording of a financial transaction, comprising debit and credit entries.

Disbursed Accounts

These are accounts from which funds have been paid out or disbursed, typically to settle obligations or expenses.

Petty Cash Fund

A minimal sum of money maintained for the purpose of covering various minor expenditures on the spot.

Journal Entry

A record in accounting that represents a transaction and its impact on various accounts, used to track financial activities.