A Reason New Venture Managers Lack Knowledge in the Strategic

question 19

Multiple Choice

A reason new venture managers lack knowledge in the strategic planning process is because

• A)they refuse to learn new things.
• B)they have minimal exposure to the planning process.
• C)they attempt to implement actions too quickly.
• D)they are overconfident.

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Definitions:

Payroll Checks

Payroll checks are written by an employer to pay employees for services rendered during a specific time period.

Cost Driver

A cost driver is a factor that causes a change in the cost of an activity. It directly influences the cost of a process, product, or operation.

Support Department

A unit within an organization that provides essential services and support to the core departments, facilitating their operations rather than directly contributing to the production of goods or services.

Number Of Computers

The total count of computing devices within a specific inventory or environment.