Strategy Involves Matching an Organization's Resources to the Environment

question 9

Multiple Choice

Strategy involves matching an organization's resources to the environment. It also involves an understanding of the different relationships in which the organization is involved. These relationships are made up of:

• A) Collaborators
• B) Stakeholders
• C) Competitors
• D) Shareholders

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Definitions:

Common Law

A legal system based on customs and court rulings rather than written laws, where the principle of precedent guides future judicial decisions.

Quantum Meruit

A legal principle that one who benefits from another's services in absence of a contract must still compensate the service provider.

As Much

A phrase indicating an equal quantity, degree, or condition.

Deserved

Earned or merited based on actions, behavior, or qualifications.