Which of the following statements is/are true? Statement 1: Under Operational excellence strategy, companies strive to offer higher quality products than rival companies. Statement 2: Budgets are usually prepared under the direction of the treasurer, who is the manager in charge of the accounting department. Statement 3: Centralization is the delegation of decision-making authority throughout an organization. * O statement 3 only O Statement 1 only
Which of the following statements is/are true? Statement 1: Under Operational excellence strategy, companies strive to offer higher quality products than rival companies. Statement 2: Budgets are usually prepared under the direction of the treasurer, who is the manager in charge of the accounting department. Statement 3: Centralization is the delegation of decision-making authority throughout an organization. * O statement 3 only O Statement 1 only
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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![Which of the following statements is/are true?
Statement 1: Under Operational excellence strategy, companies strive to offer higher quality
products than rival companies.
Statement 2: Budgets are usually prepared under the direction of the treasurer, who is the
manager in charge of the accounting department.
Statement 3: Centralization is the delegation of decision-making authority throughout an
organization. *
Statement 3 only
O statement 1 only
O All statements are true
O All statements are false
O Statements 1 and 2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c4c3b08-8f4b-4c37-a74d-adc36b64d351%2F377f9265-b470-43fd-a42c-502d788a52b1%2Fc9f6oux_processed.png&w=3840&q=75)
Transcribed Image Text:Which of the following statements is/are true?
Statement 1: Under Operational excellence strategy, companies strive to offer higher quality
products than rival companies.
Statement 2: Budgets are usually prepared under the direction of the treasurer, who is the
manager in charge of the accounting department.
Statement 3: Centralization is the delegation of decision-making authority throughout an
organization. *
Statement 3 only
O statement 1 only
O All statements are true
O All statements are false
O Statements 1 and 2
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