Companies can make strategic planning more effective by:

a. ensuring the participation of top management.
b. ensuring that decision making is centralized.
c. making strategic planning an annual exercise.
d. avoiding cross-functional teams.


ANSWER: a

Perhaps, the most critical element in successful strategic planning is top management's support and participation.

Business

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What will be an ideal response?

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A. Debit Interest Expense $21,000; credit Cash $21,000. B. Debit Interest Payable $21,000; credit Cash $21,000. C. Debit Interest Expense $15,000; debit Discount on Bonds Payable $6,000; credit Cash $21,000. D. Debit Interest Expense $21,000; credit Premium on Bonds Payable $6,000; credit Cash $15,000. E. Debit Interest Expense $27,000; credit Discount on Bonds Payable $6,000; credit Cash $21,000.

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