In Order to Cope with a Quickly Changing Competitive Environment,small

question 125

Multiple Choice

In order to cope with a quickly changing competitive environment,small businesses need to be

• A) Competition driven
• B) Reactive
• C) Market driven
• D) Liquid

---

Definitions:

Digital Signatures

Electronic signatures that use cryptographic techniques to authenticate the identity of the signer and ensure the integrity of the signed document.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to facilitate free movement of goods, services, and people.

UCC

Refers to the Uniform Commercial Code, a set of laws that govern commercial transactions in the United States.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.