The first part of setting strategic direction for an organization is to analyze the external and internal environments by preparing a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis. Once the SWOT is complete, the next step is to create a clear and compelling statement describing the inspirational long-term desired change resulting from an organization's work, called a __________.
a. Mission Statement
b. Vision Statement
c. Triple Bottom Line Statement
d. Business Case
b. Vision Statement
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Which one of the following is the last step in the accounting cycle?
a. Journalizing business transactions b. Recording and posting adjustments c. Closing the accounts d. Preparing financial statements
________ are made without the permission of the target company's management
A) Merger offers B) Hostile tender offers C) Share exchange offers D) Share acquisition offers
If goods are shipped FOB destination, the seller does not record revenue from the sale until the goods arrive at their destination because the transaction is not complete until that point.
Answer the following statement true (T) or false (F)
Business Enterprise Company agrees to sell a commercial office building and parking garage to City Investments, Inc, which assigns the rights to the realty to Downtown Properties, LLC. Downtown Properties does not yet exist, but once itis created and comes into existence, the contract on novation will most likely be
a. quasi. b. voidable. c. void. d. enforceable.