With Regard to the Visible or Hidden Issue, Most Executives

question 10

Multiple Choice

With regard to the visible or hidden issue, most executives agree that

• A) the SEC should regulate whether or not companies make their strategic information visible.
• B) some strategic information should remain confidential to top managers.
• C) a company has gone too far when it takes steps to ensure that strategic information is not disseminated beyond "the inner circle."
• D) the potential benefit of improved employee and stakeholder motivation and input is not worth the risk of rival firms easily knowing and exploiting a firm's strategies.
• E) keeping strategies secret from employees and stakeholder will likely improve communication, understanding, and commitment.

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Definitions:

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another, typically measured by the gross domestic product (GDP).

Import-substitution Strategies

Economic policies and practices aimed at replacing foreign imports with domestic production.

Economists

Professionals specialized in the study of economics, focusing on the production, distribution, and consumption of goods and services.

Economic Development

The process of improving economic well-being and quality of life through economic growth, creation of jobs, and the implementation of social and technological advancements.