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)
D. Consensus-driven (commits the company to a "mainstream" directional path that most all stakeholders will enthusiastically support)
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A) used a direct quotation of under 250 words from a book titled Modern Economics. B) used a table from the 1985 Farmer's Almanac. C) described, in your own words, a plan for organizing production lines, which appeared in a professional journal. D) used it to gather common knowledge about your topic. E) found it on Google, Yahoo, or Bing.
Patronage motives influence where one purchases products on a regular basis.
Answer the following statement true (T) or false (F)
Section 10(b) of the Securities Exchange Act prohibits the use of manipulative and deceptive devices in contravention of the rules and regulations prescribed by the SEC.
Answer the following statement true (T) or false (F)
The difference between the value that an activity generates and the cost of the activity is called revenue
Indicate whether the statement is true or false