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7. Which of the following statements is CORRECT? A) The corporate scope is a condensed version of the entire set of st

Category: Business
Subject: Finance
Due Date: 01/27/2016
Question Asked: 2016-01-27 18:17:35

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7. Which of the following statements is CORRECT?

A) The corporate scope is a condensed version of the entire set of strategic plans.

B) A firm’s mission statement defines its lines of business and geographic area of

operations.

C) Operating plans provide management with detailed implementation guidance, consistent

with the corporate strategy, to help meet the corporate objectives. These operating plans can be

developed for any time horizon, but many companies use a 5-year horizon.

D) A firm’s corporate purpose states the general philosophy of the business and provides

managers with specific operational objectives.

E) Once a firm has defined its purpose, scope, and objectives, it must develop a strategy or

strategies for achieving its goals. The statement of corporate strategies sets forth detailed plans

rather than broad approaches for achieving a firm's goals.

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7. Which of the following statements is CORRECT? A) The corporate scope is a condensed version of the entire set of st

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...f operations.C) Operating plans provide management with detailed implementation guidance, consistent with the corporate strategy, to help meet the corporate objectives. These...

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