Which of the Following Statements Is False

question 73

Multiple Choice

Which of the following statements is false?

• A)No organization has unlimited resources.
• B)Strategic decisions require trade- offs.
• C)Strategic management must be a self- reflective learning process.
• D)Open- mindedness is an important guideline for effective strategic management.
• E)Strategic management must become a self- perpetuating socialist mechanism.

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Definitions:

Perceptual Map

A visual representation that displays consumers’ perceptions of a brand or product in relation to others within the marketplace.

Variable Costs

Costs that vary directly with the level of production or the volume of services rendered, such as materials and labor.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.