Strategic thinking is different from strategic planning in that
A. strategic thinking can create an illusion of control, whereas strategic planning avoids this.
B. strategic thinking relies more on hard data than strategic planning.
C. strategic thinking is regimented and confining, whereas strategic planning is more flexible.
D. strategic thinking includes all types of information sources while strategic planning does not.
Answer: D
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On January 1, 2018, Waddle Company adopted a compensatory stock option plan and granted its managers 10,000 options to buy shares of common stock; each option can be used to acquire a share of common stock at a price of $25 a share. The fair value of each option was $7.50 on January 1, 2018. The options can be converted into common stock after July 1, 2018. The required service period is three years. What is the balance in paid-in capital-stock options as of December 31, 2019 assuming that the fair value approach to accounting for stock options is used?
A. $100,000 B. $25,000 C. $50,000 D. $0
Following are selected data from the financial statements of Mother Nature Supplies: 2017 2016 Accounts receivable $ 60,000 $ 38,000 Merchandise inventory 12,000 16,000 Total assets 450,000 380,000 Net sales 380,000 270,000 Cost of goods sold 160,000 210,000 Refer to the data for Mother Nature Supplies. Which of the following results would be found through a vertical analysis of the balance sheet
or the income statement of Mother Nature Supplies? a. Accounts receivable increased $22,000 during 2017. b. Total assets increased $70,000 during 2017. c. Cost of goods sold increased $50,000 or 23.8% during 2017. d. Gross profit is 57.9% of net sales for 2017.
If the buyer and seller have an agreement for liquidated damages, and the seller justifiably withheld delivery of the goods because of the buyer's breach, the buyer is entitled to recover:
A. any money or goods he has delivered to the seller only to the agreed amount of liquidated damages. B. an amount in excess of $500 or 20 percent of the value of total performance. C. any money or goods he has delivered to the seller over and above the agreed amount of liquidated damages. D. an amount in excess of $1,000 or 20 percent of the value of total performance or whichever amount is higher.
The ______ is the number obtained from adding all the numbers in the series and dividing that by the number of items.
Fill in the blank(s) with the appropriate word(s).