Which of the following is a component of strategic management?Select one:a.Employeesb.Horizon Managementc.Govt. Tax Ratesd.All of these

The correct answer is b. Horizon Management. Strategic management involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes. Horizon Management refers to the planning and execution of long-term strategies, which is a key component of strategic management.

While employees and government tax rates can influence strategic management, they are not components of it. Employees are part of the organization that implements the strategy, and government tax rates are part of the external environment that can influence strategic decisions.