The Effective Strategist Must Be Capable of Which of the Following

question 33

Multiple Choice

The effective strategist must be capable of which of the following?

• A) Communicating effectively.
• B) Deciding on appropriate goals and priorities.
• C) Anticipating and forecasting events in the external environment.
• D) all of the above.

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Definitions:

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Opportunity Cost

represents the value of the best alternative foregone as a result of making a particular choice.

Accounting Costs

Represent the explicit costs or direct financial expenditures associated with the operations of a business.

Monetary Costs

The financial expenses incurred in the acquisition of goods, services, or assets, measured in units of currency.