According to the Text, One Reason Environmental Uncertainty Is a Threat

question 59

Multiple Choice

According to the text, one reason environmental uncertainty is a threat to strategic managers is because

• A)it is a costly and time consuming process.
• B)the strategic manager cannot control the environment.
• C)it forces the strategic manager to be reactive.
• D)it hampers their ability to develop long-range plans.
• E)there are too many uncontrollable variables.

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Definitions:

Oil Future Contract

A legal agreement to buy or sell a specific amount of crude oil at a predetermined price at a specified time in the future.

Spot Price

The existing cost at which an asset is available for immediate purchase or sale.

Profit/Loss

The financial result of business operations or investment activities, calculated as the difference between revenues and the costs associated with generating those revenues.

Contract Size

The deliverable quantity of commodities or financial instruments specified in a contract that an investor agrees to buy or sell.