In most large organizations that engage in strategic management, the formulation, implementation, and evaluation of strategy activities occur at three hierarchical levels: corporate; divisional or strategic business unit; and functional

A broker represents only the lessee in a commercial lease. This is an example of a(n):

a. general agency b. implied agency c. dual agency d. single agency

The difference between scenario analysis and sensitivity analysis is ________

A) scenario analysis is based upon the internal rate of return (IRR) and sensitivity analysis is based upon net present value (NPV) B) only sensitivity analysis allows us to change estimated inputs of net present value (NPV) analysis C) scenario analysis considers the effect on net present value (NPV) of changing multiple project parameters D) only scenario analysis breaks the net present value (NPV) calculation into its component assumptions