Which of the following statements is true of strategic planning?
A. It is typically done by first-line managers.
B. Implementation of strategies should happen largely through operational planning.
C. Evaluation of the results of an organization's strategies should be a continual process.
D. It is typically done for a fifteen-year time frame.
Answer: C
You might also like to view...
Beck Inc., a food processing company in Chicago, placed a phone order with Gary, a vineyard owner in California, for a certain quantity of perishable products. The shipping term was "CIF" with payment to be made on delivery. Gary contracted with a carrier to deliver the goods to Beck Inc. However, he neglected to ship the goods under refrigeration. The goods were loaded on a non-refrigerated boxcar and as a result the product was spoiled when it reached Chicago. Under these circumstances, ________.
A. Gary bears the risk of loss because, under a CIF shipment, the seller bears the expense and the risk of loading the goods B. Beck Inc. bears the risk of loss because, under a CIF shipment, the buyer has to bear all risks C. neither Gary nor Beck Inc. bears the risk of loss as the goods are insured D. Beck Inc. bears the risk of loss as the contract did not mention that Gary will guarantee their delivery
In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income$58,000? Accounts payable decreased by 24,000? Accounts receivable increased by 31,000? Inventories increased by 11,000? Cash dividends paid 15,200? Depreciation expense 26,000? Net cash provided by operating activities was:
A. $50,000. B. $138,000. C. $74,800. D. $36,000. E. $18,000.
The Western Division of Bestboot Company has a rate of return on investment of 15% and an investment turnover of 1.2. What is the profit margin?
A) 10% B) 12.5% C) 9% D) 6%
A local distributor for a Belgian chocolate manufacturer expects to sell 12,000 cases of chocolate truffles next year. The annual holding costs for the truffles are $16 per case per year. The ordering cost is $60 per order. The distributor operates 320 days a year. Then there will be ______.
A. three orders per month B. 40 orders per year C. one order every week D. two orders every month