Which Factors Explain Downsizing and Refocusing

question 67

Multiple Choice

Which factors explain downsizing and refocusing?

• A)Internal competition and the development of the internet
• B)A greater turbulence in the environment, and the emergence of efficient and reliable suppliers of outsourcing services
• C)Top managers and employees have lost confidence in firms as a way to organize economic activities
• D)None of the above

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Definitions:

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, where there is no real contract between the parties.

College Catalog

An official publication by a college or university that provides essential information about academic programs, policies, and regulations.

Steinberg v. Chicago Medical School

A legal case involving the issue of whether a private medical school acted improperly in the admission process, considering contractual obligations.

Material Misrepresentation

A false statement of fact made by one party to another, which, if had been known to be false, may have influenced the decision to enter into a contract or agreement.