Which of the Following Statements Most Accurately Describes the Strategic

question 38

Multiple Choice

Which of the following statements most accurately describes the strategic level of management?

• A)Composed of a board of directors and an executive committee of the CEO and top executives who develop overall organizational goals,strategies,policies,and objectives as part of a strategic planning process
• B)Composed of self-directed teams and middle managers,who develop short-and medium-range plans,schedules,and budgets
• C)Composed of self-directed teams or supervisory managers who develop short-range plans,according to procedures and within the budgets and schedules established for the teams and other workgroups of the organization
• D)None of the choices are correct.

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Definitions:

Output

The total amount of goods and services produced by an economy, a sector, or a company over a specific period of time.

Real Wages

Wages adjusted for inflation, representing the purchasing power of wages in terms of goods and services, unlike nominal wages which are not adjusted for inflation.

Unemployment

The situation in which individuals who are capable of working and are actively seeking work but are unable to find a job.

Expected

Something considered likely or anticipated to happen or become a reality in the future.