Strategic Management Involves the Recognition of Trade-Offs Between Effectiveness and

question 11

Multiple Choice

Strategic management involves the recognition of trade-offs between effectiveness and

• A) cost.
• B) value.
• C) return on investment.
• D) efficiency.

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Definitions:

Mastery/Avoidance

Goals oriented towards gaining proficiency in a task versus goals aimed at avoiding incompetence or failure.

Physiological Need

A basic biological requirement for human survival, such as food, water, and sleep, which must be satisfied to maintain health.

Extracellular Thirst

Thirst caused by a reduction in the volume of fluids found outside of the body cells, often due to blood loss or dehydration.

Intracellular Thirst

A type of thirst caused by the decrease in the volume of fluid inside cells, typically as a result of high salt intake or other factors affecting cellular water.