📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which of the following statements is

    FALSE?
    A Empowerment primarily means giving people power Correct Answer Incorrect Answer
    B A mission describes the organization’s value, aspirations, and the reason for existence. Correct Answer Incorrect Answer
    C When goals are specific, measurable, challenging and linked to rewards, realistic and time framed, they are most effective Correct Answer Incorrect Answer
    D One of the problems with the MBO process is that strategic goals may be displaced by operational goals Correct Answer Incorrect Answer
    E The strategic plans are made by the middle management Correct Answer Incorrect Answer

    Solution

    Strategic plans are long term plans, usually 5 years and more, which give direction to the organization and are made by the top management.

    Practice Next
    More Financial Management Questions

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call