Which of the Following Is True of the Strategic Vision

question 49

Multiple Choice

Which of the following is true of the strategic vision of an organization?

• A) The strategic vision provides a perspective on where the organization is headed.
• B) The strategic vision describes the organization as it currently operates.
• C) A strategic vision statement is a clear and concise expression of the organization's basic purpose.
• D) An effective strategic vision statement is strictly a financial statement.
• E) The strategic vision emphasizes the short-term gains of the organization.

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Definitions:

Predictor Variable

Also known as the independent variable, it is used in statistical models to predict the outcome of a dependent variable.

Response Surface

A graphical representation of how a response variable relates to two or more explanatory variables in an experiment.

Intercept

The point where the line of a graph crosses the y-axis in a coordinate system, indicating the value of the dependent variable when the independent variable is zero.

Predicted Value

The value expected according to a model or estimator when inputting specific data into that model.