When a firm develops and maintains a strategic fit between its goals and capabilities, it is performing ________.

A) mission planning
B) values planning
C) strategic planning
D) business-portfolio planning
E) operations planning

Answer: C) strategic planning

Business

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Electron borrowed $15,000 cash from TechCom by signing a promissory note. TechCom's entry to record the transaction should include a:

a. Debit to Notes Receivable for $15,000. b. Debit to Accounts Receivable for $15,000. c. Credit to Notes Receivable for $15,000. d. Debit Notes Payable for $15,000. e. Credit to Cash for $15,000.

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A group of business entrepreneurs who worried about their teenage children drinking and driving decided there must be some way to approach this problem proactively. They came up with an idea for a pair of blurry goggles

They believed looking through the goggles would simulate what the world looks like when someone is seriously intoxicated. The first crude pair of blurry goggles developed by the entrepreneurs to show to prospective customers was a(n) ________. A) prototype B) component part C) synergistic model D) ideation E) patent

Business