In a Survey of 50 Corporations,which of the Following Was

question 44

Multiple Choice

In a survey of 50 corporations,which of the following was rated as one of the three top benefits of strategic management?

• A) clearer sense of strategic vision for the firm
• B) higher levels of employee motivation
• C) higher levels of job satisfaction
• D) improved productivity
• E) lower employee turnover

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Definitions:

Surplus

The amount of an asset or resource that exceeds the portion that is actively utilized.

Competitive Market

A market structure where many firms offer products or services that are similar, encouraging competition and efficiency.

Input Prices

The cost of resources used in the production of goods or services, including raw materials, labor, and overheads.

Technological Change

Refers to the improvement or innovation in technology, affecting how goods or services are produced or delivered.