Which of the following statements about strategic leadership is true?
A. It is the primary responsibility of the functional managers of an organization.
B. It does not consider the task of maximizing shareholder value.
C. It is involved with making decisions regarding how to create competitive advantage.
D. It is a concept that does not apply to multidivisional companies with several business units.
E. It is essentially about supervising workers at a manufacturing unit of an organization.
Answer: C
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Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The chief financial officer, controller, and treasurer are all examples of staff positions. 2. Strategic planning focuses on short term actions while operational planning involves developing long- term strategies. 3. The cost of direct materials cannot easily be traced to the manufactured product, and therefore, it is a component of manufacturing overhead. 4. Direct costs and indirect costs can be easily traced directly to a cost object. 5. The wages of factory janitors are considered to be direct labor costs because they are directly related to the manufacturing process.
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A) once. B) twice. C) three times. D) four times.
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