Answer:
The correct answer is C. crafting the organization’s mission statement.
Explanation:
What is strategic management?
strategic management involves developing a plan of action designed to achieve a long-term or overall aim. It is the process of developing strategic vision, setting out goals and objectives, formulating and implementing plan of actions and introducing corrective measures for the deviations to achive organisation planned goals.
The first stage of a strategic management is defining of strategic intent of the organisation and the strategic intents include :establishing vision, designing mission
, setting objectives that will serve as a guide toward the achievement of the organisation stated objectives.
<span>Harold because he pays his bills on time and does not have too much debt compared to his income.</span>
Answer: If interest rate was 4%= $180.09. If interest rate was 8%= $317.22
Explanation:
Assuming that the aboriginal trackers were promised the $100 at the beginning of the year 1880 and the claim was also made at the beginning of the year 1995.
Number of years from 1880-1995 = 15 years
If the interest rate was 4%
= 100*(1+4%)^15
= $180.09
If the interest rate was 8%
= 100*(1+8%)^15
= $317.22
Answer: B
Explanation: The economic growth theory that predicts convergence of developing countries with developed countries is known as the Neoclassical Growth Theory developed by Robert Solow.
One of the conclusions of the Neoclsssical Growth Model is that because capital is scarce in developing countries, it would have a high marginal productivity and higher rates of savings would result. Hence the growth rates of developing countries should exceed that of developed countries.
Because of the higher growth rate of developing countries, there ought to be a convergence between the per capita income of developing countries and developed countries.
I hope my answer helps.
Goodluck
There are a lot of professions this could pertain to, but one of the most obvious is construction.
