Which of the Following Statements Is True

question 8

Multiple Choice

Which of the following statements is true?

• A)Corporate mission is shaped by functional strategies.
• B)Corporate strategy is shaped by functional strategies.
• C)Functional strategies are shaped by corporate strategy.
• D)External conditions are shaped by corporate mission.
• E)Functional area missions are merged to become the organizational mission.

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Definitions:

Progressive Insurance

An American insurance company known for providing a wide range of insurance products, including auto and homeowners insurance.

Adverse Selection

A situation where asymmetrical information leads to transactions between parties where the high-risk party is more likely to participate than the low-risk party.

Moral Hazard

A situation in economic theory where one party takes more risks because they know another party bears the cost of those risks.

Product Failure

A situation in which a product does not meet the expectations of consumers or fails to perform as intended, leading to its commercial failure.