Which of the Following Statements Is True

question 89

Multiple Choice

Which of the following statements is true?

• A)A good cost management system is a key consideration in determining an organization's mission.
• B)The organization's mission is a critical success factor in assessing how to react to competition.
• C)Knowledge of an organization's critical success factors help to clarify organizational mission and develop a cost management system.
• D)An organization must establish a position of cost leadership to compete in a global business environment.

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Definitions:

Social Influence

The effect that the words, actions, or mere presence of other people have on our thoughts, feelings, attitudes, or behaviors.

Peer Pressure

The influence exerted by a peer group, encouraging individuals to change their attitudes, values, or behaviors to conform to group norms.

Asch Experiment

A series of psychological experiments conducted by Solomon Asch studying if and how individuals yielded to or defied a majority group.

Groupthink

A phenomenon that occurs within a group of people in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.