CA Inter P6 · Chapter 10 · Question 5 of 10
Which of the following is NOT usually regarded as an element of strategic intent?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Annual budgets for individual cost centres
Explanation
Strategic intent expresses what the organisation strives for. In the ICAI study material it is set out through the vision, mission, goals and objectives, and values. Annual cost-centre budgets are operational control tools used during implementation, not elements of strategic intent.
More Introduction to Strategic Management MCQs
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