The plan of action that describes resource allocation and activities for dealing with the environment, achieving a competitive advantage, and attaining the organization’s goals is known as a(n) _____.

A. goal
B. objective
C. mission
D. vision
E. strategy


Answer: E

Business

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In the independent auditors' report included with the annual report, management discusses the financial statements and provides the shareholders with explanations for certain amounts reported in the statements

a. True b. False Indicate whether the statement is true or false

Business

Wentwood Clothing Store reported the following selected items at June 30, 2019 (previous year - 2018 - amounts are also given as needed):



Compute Wentwood's acid-test ratio on June 30, 2019. Show your computations. Round the answer to 2 decimal places.

Business

________ marketing is perhaps the fastest-growing marketing platform

A) Online B) Social media C) Mobile D) Web site E) Blog

Business

Which management function is focused on detecting when corrective action is needed in order to achieve objectives?

a. leading b. controlling c. planning d. organizing

Business