Which of the Following Statements Regarding Organizational Foundation Is Most

question 145

Multiple Choice

Which of the following statements regarding organizational foundation is most accurate?

• A)An organizational foundation specifies its goals.
• B)An organizational foundation defines the business that it is in.
• C)An organization's foundation empowers stakeholders to have a voice in the strategic marketing process.
• D)An organization's foundation is its philosophical reason for being-why it exists.
• E)An organization's foundation is the company,its product,and its customers.

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Definitions:

Unlimited Liability

A legal condition where a business owner or partner can be held personally responsible for the debts and obligations of the business without any limit.

Limited Partner

An investor in a partnership who is not involved in the day-to-day operations and whose liability is restricted to the amount of their investment.

Contaminated Food

Food that has been corrupted by harmful bacteria, viruses, or substances, making it unsafe for consumption.

Gross Revenues

The total revenues generated by a business before any deductions are made for expenses.