Which of the Following Is the Primary Drawback of Traditional

question 57

Multiple Choice

Which of the following is the primary drawback of traditional strategic control systems?

• A) They are only appropriate when the environment is stable and simple.
• B) Goals and objectives cannot be measured with a high level of certainty.
• C) They lead to complacency.
• D) They lack the flexibility needed to adjust to changes in the environment.

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Definitions:

Consumer Surplus

The divergence between anticipated consumer expenditure on a good or service and the actual expenditure.

Surplus II

An excess of production or supply over demand, leading to potential wastage or decrease in prices.

Total Surplus

The total benefits society gains, encompassed by the addition of consumer surplus and producer surplus within a market.

Consumer Surplus

The variation between the sum consumers are willing to allocate for a good or service and the sum they actually allocate.