Business or Military Success Is

question 27

Multiple Choice

Business or military success is

• A) generally the happy result of accidental strategies.
• B) undermined by the element of surprise.
• C) the product of both attention to changing external and internal conditions and the insightful adaptations to those conditions.
• D) unrelated to external conditions.
• E) none of the above

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Definitions:

Efficiency

The extent to which resources are used optimally to achieve a specific outcome with minimal waste.

Incentives

Factors, usually financial or material rewards, that motivate individuals or firms to act in a certain way.

OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of oil-producing countries that coordinates and unifies the petroleum policies of its member states.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefit to society or achieves a desired outcome effectively.