A strategic vision constitutes management's view and conclusions about the company's
A. past and present scope of work.
B. long-term plan for outcompeting rivals and achieving a competitive advantage.
C. business model and the kind of value that it is trying to deliver to customers.
D. justification of why the business will be a moneymaker.
E. long-term direction and what product-market-customer mix seems optimal.
Answer: E
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Fill in the blank(s) with the appropriate word(s).
Which of the following statements about budgeting is false?
a. Employee participation is promoted when all employees help prepare the budget. b. Management planning ,controlling, and problem-solving is enhanced when employees help prepare the budget. c. When departments participate in the budgeting process, budgets are better coordinated. d. Sales personnel do not need to participate in the budgeting process.
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Fill in the blank(s) with the appropriate word(s).
3D FX, LLC, and Vivid Star CG, Inc., are parties to a contract. They subsequently agree that Pixellated Inc. should take 3D's place and assume all of its rights and duties under the contract. This is
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