Quiz 7

1. Setting objectives before deciding on a strategy provides more options and direction.

a. True

b. False

2. Which is not a source of funds for a company to finance a bundle?

a. Cash on hand and from operations

b. Selling stock if a public company or getting an equity investment

c. Retained earnings

d. Adding new long-term debt

e. Selling fixed assets

3. What are the key components of recommendations?

a. Setting revenue and NIAT objectives

b. Defining strategic intent

c. Identifying key programs

d. Trigger/contingency pairs

e. All of the above

4. One cannot judge a strategy without knowing the objectives—and vice versa.

a. True

b. False

5. Which of the following is an example of a partial objective?

a. Increase throughput by 5%/yr

b. Increase revenues by 10%/yr

c. Increase NIAT by 15%/yr

d. Increase international sales by 10%/yr

e. Hire 150 more salesmen next year

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