What Principle Is Based on the Belief That the True

question 26

Multiple Choice

What principle is based on the belief that the true measure of a really good strategist is the ability to solve problems?

• A) Managing by crisis
• B) Managing by objectives
• C) Managing by extrapolation
• D) Managing by exception
• E) Managing by hope

---

Definitions:

Fixed-Rate Loan

A loan whose interest rate remains constant.

Floor Planning

A type of business loan generally made for “big-ticket” items. The business holds the item in inventory and pays interest, but it is actually owned by the lender until the item is sold.

Unsecured Loan

A loan that doesn't require collateral and is based on the borrower's creditworthiness.

Fixed-Rate Loan

A loan where the interest rate remains constant throughout the term of the loan, providing predictability in payments.