Which of the Following Is NOT One of the Critical

question 196

Multiple Choice

Which of the following is NOT one of the critical tasks of strategic leadership?

• A)Being a guardian of tradeoffs by ensuring that the organization's resources are allocated in ways consistent with the strategy.
• B)Creating a sense of urgency by not allowing the organization and its members to grow slow and complacent.
• C)Ensuring that top management understands the strategy so that they can direct their subordinates in carrying it out.
• D)Being a teacher by conveying the strategy and making it a cause.
• E)Being a great communicator to ensure that everyone understands the strategy and how it makes their organization different from others.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in an economy at constant prices.

Business Quarters

Divisions of the fiscal year into four equal parts, typically three months each, used by businesses to report earnings and assess performance.

Demand-Pull Inflation

An economic condition where prices rise because the demand for goods exceeds supply.

Cost-Push Inflation

Inflation caused by an increase in the cost of production, such as higher raw material costs, which is passed on to consumers in the form of higher prices.