Increased Business Complexity, Capabilities-Based Competition, Changing Customer Expectations, Globalisation and the Knowledge

question 10

Multiple Choice

Increased business complexity, capabilities-based competition, changing customer expectations, globalisation and the knowledge and information workers of the new economy mean that businesses have now need to link the relationships between people and functions:

• A) horizontally, rather than vertically.
• B) vertically, rather than horizontally.
• C) both vertically and horizontally.
• D) neither horizontally nor vertically.
• E) None of these responses are correct.

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Definitions:

Debt Cancellation

The action of forgiving or eliminating all or part of a debt, making the borrower free from repaying the amount owed.

Economic Dependence

A situation where the economic conditions and performance of one country or region are heavily influenced by another.

Government Corruption

The misuse of public power for private benefit, typically through bribery, embezzlement, or other illicit means, undermining public trust and efficiency.

Basic Development Projects

Initiatives or plans aimed at improving economic, social, or infrastructural conditions in a region or community.