An Important Application of Farsightedness for Executive Leaders Is To

question 29

Multiple Choice

An important application of farsightedness for executive leaders is to:

• A) study technological developments.
• B) avoid being frustrated by the demands of group members and customers.
• C) predict the direction of environmental forces.
• D) memorize product information.

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Definitions:

Postbox Rule

A legal principle that deems an offer accepted once the acceptance is posted, not when it is received by the offeror.

Counter-Offer

A response to an initial offer, proposing different terms in an attempt to reach a mutual agreement.

Presumption In Law

A principle that allows the court to assume the truth of a fact until it is disproved, facilitating smoother legal proceedings.

Legal Relationship

A connection between entities or individuals as defined by law, which can encompass duties, rights, or liabilities recognized by legal statutes or court rulings.