In the Context of Organizational Direction, the Term Business Refers

question 342

Multiple Choice

In the context of organizational direction, the term business refers to

• A) the daily operational decisions that must be implemented for an organization to remain viable.
• B) exchange transactions between seller and buyer in order for the seller to make sales and earn profits.
• C) the clear, broad, underlying industry or market sector of an organization's offering.
• D) an organization that develops an offering.
• E) the objectives of a firm and the strategies and tactics that will allow it to achieve them.

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Definitions:

Declarative

Pertaining to statements or expressions that provide information or state facts explicitly.

Procedural

Relating to processes or methods of accomplishing tasks, often in the context of established rules or standards.

Declarative

Pertaining to statements or assertions that convey knowledge, facts, or claims.