Which of the Following Is Not One of the Five

question 37

Multiple Choice

Which of the following is not one of the five key challenges the text lists for maintaining 21st century competitiveness?

• A) threat of terrorism
• B) shift of the global information economy
• C) growth in Russia and Europe
• D) aging of the world's population

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Definitions:

Budget

A plan that commits resources to projects or activities.

Vision

A future-oriented declaration of the organization's goals and aspirations, intended to guide its internal decision-making.

Corporate Strategy

The overall plan and direction devised by the management of a company to achieve long-term business objectives.

Business Strategy

A plan of action designed by an organization to achieve its long-term goals and secure a competitive position in the market.