The Four Key Attributes of Strategic Management Include All of the Following

question 102

Multiple Choice

The four key attributes of strategic management include all of the following except

• A) including multiple stakeholder interests in decision making.
• B) incorporating both short-term and long-term perspectives.
• C) recognizing the trade-offs between effectiveness and efficiency.
• D) emphasis on the attainment of short-term objectives.

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Definitions:

Acceptance

In contract law, refers to the expression by the offeree to agree to the terms of an offer, resulting in a binding contract.

Offer

A proposal by one party to form a contract, which becomes binding if accepted by the party to whom it's made.

Genuineness Of Assent

Knowing and voluntary assent to the terms of a contract. If a contract is formed as a result of mistake, misrepresentation, undue influence, or duress, genuineness of assent is lacking, and the contract will be voidable.

Fraudulent Misrepresentation

Any misrepresentation, either by misstatement or omission of a material fact, knowingly made with the intention of deceiving another and on which a reasonable person would and does rely to his or her detriment.