The Proper Matching of What a Firm Can Do with What

question 24

Multiple Choice

The proper matching of what a firm can do with what it might do:

• A) balances the internal characteristics of the firm with the characteristics of the external environment.
• B) overcomes the rigidity and inertia resulting from a history of success.
• C) yields insights the firm requires to select its strategy.
• D) develops core competencies based on human knowledge.

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Definitions:

Insurable Interest

A legitimate interest by the policyholder in the insured subject matter, where they stand to suffer financial loss if the insured event occurs.

Property Insurance

Insurance policies that provide financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft.

Fee Simple Absolute

A type of freehold ownership where the owner has the greatest possible aggregation of rights, powers, and privileges under the law.

Property Insurance

A type of insurance policy that provides financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft.