Which of the following statements is true regarding tactical plans?
A) They translate strategic plans into specific goals that apply to the entire organization.
B) They have longer time frames than strategic and operational plans.
C) They typically affect a single business within an organization and its product lines.
D) They are broader in scope than strategic plans.
Answer: C
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In the chapter Strategic Focus, which of the following best characterizes Exxon-Mobil's approach to innovation?
a. the use of autonomous strategic behavior b. the use of product champions c. development of radical innovations d. development of incremental innovations
(I) Callable bonds usually have a higher yield than comparable noncallable bonds
(II) Convertible bonds are attractive to bondholders and sell for a higher price than comparable nonconvertible bonds. A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.