Which of the Following Explains the Difference Between the Conventional

question 12

Multiple Choice

Which of the following explains the difference between the conventional approach and sustainable approach with respect to vision statements?

• A)From a conventional view,vision statements focus on factors that will contribute to the organization's future competitiveness and financial success.
• B)From a sustainable view,vision statements focus on factors that will contribute to the organization's future competitiveness and financial success.
• C)Conventional organizations would be more participative in drafting vision statements.
• D)In sustainable organizations,managers would develop vision statements that have a future orientation and that are challenging,brief,and stable.

---

Definitions:

Midpoint Formula

A more precise way of calculating percentages using the value halfway between P1 and P2 for the base in calculating the percentage change in price and the value halfway between Q1 and Q2 as the base for calculating the percentage change in quantity demanded.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating how sensitive consumers are to price changes.

Hamburger

A popular fast food item consisting of a cooked patty of ground meat, typically beef, placed inside a sliced bun often accompanied with various condiments and toppings.

Slope

The measure of the steepness or inclination of a line or surface, typically expressed as a ratio.