The second step in strategic planning is to ________
A) formalize a mission statement
B) establish the business portfolio
C) set SBU and department-level objectives
D) set organizational objectives
E) assess the organization's internal and external environments
E
You might also like to view...
A lender agrees to reduce the interest rate on a loan but specifies in the agreement with the borrower that the lender shall receive 2% of all gross income from the property on which the loan was placed. This is an example of a:
a. Package loan b. Participation loan c. Subrogation loan d. Subordination loan
Which of the following is not true about certificates of deposit (CDs)?
A) They pay higher interest than a saving account. B) They are only offered in denominations of $100,000 or more. C) They are not as liquid as a savings account. D) Funds are locked in for specific periods of time.