The Growth of the Internet Has Changed the Way That

question 17

Multiple Choice

The growth of the Internet has changed the way that situation analysis is conducted in today's business environment. In terms of situation analysis, which of the following is the most drastic change caused by the Internet?

• A) Specific data and information take longer to find.
• B) The analyst is more likely to suffer from severe information overload.
• C) Data and information are now more relevant to the question at hand.
• D) All competitors now have access to the same data and information.
• E) There is now no such thing as secrecy in strategic planning.

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Definitions:

Auto-parts Manager

A professional responsible for overseeing the operations and inventory of an auto-parts store or department.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise considered binding, not because of a formal contract, but because it was relied upon by another to their detriment.

Quasi-contract

A legal concept where a court imposes an obligation on a party to prevent unjust enrichment or unfair benefit at the expense of another, even if no actual contract exists.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American states.