Which of the Following Statements Regarding Firm Mission Is Accurate

question 89

Multiple Choice

Which of the following statements regarding firm mission is accurate?

• A) While some firms have used their missions to develop strategies that create significant competitive advantages, firm missions can hurt a firm's performance as well.
• B) Virtually all firms have used missions to develop strategies that create significant competitive advantages, while very few firms have used missions that can hurt their performance.
• C) It is very rare for firms to be able to use their missions to develop strategies that create significant competitive advantages, and most firm missions actually hurt their performance.
• D) Missions tend to have very little impact on a firm's ability to create significant competitive advantages.

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Definitions:

Internals

Individuals who believe they have control over the events in their lives, as opposed to feeling controlled by external forces.

Physical Health Differences

Variabilities in physical wellbeing among individuals due to genetic, environmental, and lifestyle factors.

Wear Seat Belts

A safety measure that involves securing oneself in a vehicle with a strap to minimize injuries in the event of a crash.

Internal-External (I-E) Scale

The Internal-External (I-E) Scale is a psychological measurement tool used to assess the locus of control of an individual, distinguishing between people who attribute outcomes to their own control or to external forces.