Answered: achieve business objectives. B.…

achieve business objectives. B. Business objectives are the steps to achieve strategy. C. Strategy is the organization’s core purp

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 8MC: In a centralized organization, where are goals established? A. at the lower level of the...

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Question

According to the COSO ERM framework, which of following best describes the difference between strategy and business objectives?

A.	Strategy is the plan to achieve business objectives.
B.	Business objectives are the steps to achieve strategy.
C.	Strategy is the organization’s core purpose, and business objectives are what the organization aspires to achieve over time.
D.	Business objectives are broader in scope than strategy.

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