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Which of the Following Statements Is NOT True

question 12

Multiple Choice

Which of the following statements is NOT true?

Acknowledge the influence of external and internal environments on business operations and strategy.
Understand the principles of goal setting and the characteristics of effective goals.
Recognize the importance of competitive advantage and how it can be achieved and maintained.
Grasp the significance of social responsibility and its different levels in business operations.

Definitions:

Scarce Resources

Limited materials, finances, or other assets that are insufficient to meet the demands placed upon them.

Not Substitutable

Describing a unique resource or asset that cannot be replaced with another because it does not have an equivalent.

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives through the efficient use of resources within a given context.

High Machs

Individuals characterized by a Machiavellian personality, often exhibiting manipulation and a strong focus on self-interest.

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