Strategic Decisions Involve Long-Term Actions Whose Consequences May Not Be

question 100

True/False

Strategic decisions involve long-term actions whose consequences may not be realized for years.

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Definitions:

Attainable

Something that can be achieved, reached, or accomplished with effort and resources available.

Production Possibilities Curve

A graph that shows the maximum number of goods or services that can be produced with limited resources.

Shift Inward

A decrease in the supply or demand of a product, represented by a leftward movement on a graph.

Physical Capital

Refers to the human-made resources used in the production of goods and services, such as machinery, buildings, and equipment.