In Order to Develop a World-Class Capability, a Company Should

question 43

Multiple Choice

In order to develop a world-class capability, a company should first

• A)strive to win market share for specific products.
• B)purchase more capital assets to improve profits.
• C)hire more people in anticipation of economic downturns.
• D)commit to excellence and leadership in capabilities.
• E)maintain and grow the stock price.

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Definitions:

Corporate Citizenship

The commitment of a company to behave ethically and contribute to economic development while improving the quality of life of employees, communities, and society at large.

Corporation by Estoppel

A legal doctrine preventing one from denying the corporate status of an entity to escape liability after having treated it as a corporation.

Novation Clause

A legal provision that allows an original contract to be replaced with a new contract, wherein a new party takes on the obligations of one of the original parties.

Office Support Staff

Employees who perform a variety of administrative and clerical tasks to support the operations of an office.