Which of the Following Statements Is True About the Dimensions

question 25

Multiple Choice

 Which of the following statements is true about the dimensions of internal environment?

• A) Owners serve as an intermediate group for shareholders.
• B) Employees cannot directly impact a firm's competitive position.
• C) Legal control of an organization is maintained by the board of directors.
• D) Cultures at firms develop over a long period of time.

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Definitions:

Natural Monopoly

A type of monopoly that arises because a single firm can supply a good or service to an entire market at a lower cost than could two or more firms.

Patent

A legal document granted by the government that gives an inventor exclusive rights to make, use, or sell an invention for a certain number of years.

Exclusive Right

A legal privilege granted to an individual or organization to be the sole provider or practitioner of a specific service or product in a particular area.

Forever

A term indicating an infinite or unspecified period of time, often used in the context of time without end.