Which of the following is true of the strategic vision of an organization?
A. The strategic vision provides a perspective on where the organization is headed.
B. The strategic vision describes the organization as it currently operates.
C. A strategic vision statement is a clear and concise expression of the organization’s basic purpose.
D. An effective strategic vision statement is strictly a financial statement.
E. The strategic vision emphasizes the short-term gains of the organization
Answer: A. The strategic vision provides a perspective on where the organization is headed.
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In the quantity discount model, it is possible to have a cost-minimizing solution where annual ordering costs do not equal annual carrying costs
Indicate whether the statement is true or false
What is the primary reason that firms are more attentive to employee safety and health than they were in the past?
A) federal legislation B) health care costs C) labor unions D) tax benefits