Which One of the Following Statements Is True

question 4

Multiple Choice

Which one of the following statements is true?

• A) Legacy is everything positive about an event
• B) Legacy includes both positive and negative aspects
• C) Legacy is successful if the event makes a profit
• D) Legacy is a short term event

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Definitions:

Strategic Planning

The process of defining a business's direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.

Performance Intention

The determination or resolve of an individual or organization to achieve specific performance outcomes or goals.

Entrepreneurial Behavior

Actions and attitudes characteristic of entrepreneurs, such as innovation, risk-taking, and proactiveness, in pursuing new business ventures.

Profit

The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.