An effectively worded strategic vision statement is not likely to be

A. easy to communicate (is explainable in 5-10 minutes, and can be reduced to a memorable slogan).
B. consensus-driven (commits the company to a "mainstream" directional path that almost all stakeholders will enthusiastically support).
C. focused (provides guidance to managers in making decisions and allocating resources).
D. graphic (paints a picture of the kind of company management is trying to create and the market position(s) the company is striving to stake out).
E. directional (is forward-looking, describes the strategic course that management has charted that will help the company prepare for the future).


Answer: B

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____________________ preferred stock accrues unpaid dividends from year to year

Fill in the blank(s) with correct word

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In collectivist societies, ________

A) all property is owned by the government B) the self-worth of the individual is rooted more in the social system than in individual achievement C) the culture is dominated by the need to maintain low power distance and reduce income inequality D) the culture is dominated by a nurturing attitude as opposed to an assertive attitude E) people are highly risk-averse

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Which type of authority is more common in organic organizations?

a. decentralized b. centralized c. bureaucratic d. Organic organizations are not more likely to use one or the other.

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The Wayfair decision held that an out-of-state mail-order company did not have sales tax collection responsibility because it lacked physical presence.

Answer the following statement true (T) or false (F)

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