Why Is It So Important to Understand the Managerial Strategy

question 10

Multiple Choice

Why is it so important to understand the managerial strategy used by a firm?

• A) Managerial strategy determines the most appropriate reward system.
• B) Managerial strategy determines the most appropriate corporate strategy.
• C) Managerial strategy determines the most appropriate contextual variables.
• D) Managerial strategy determines the most appropriate way to manage employees.

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Definitions:

Diversity Immigrants

Individuals who gain legal entry into a country under specific immigration programs aimed at enhancing the diversity of the population, often through a lottery system.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time frame.

Amnesty Program

A governmental initiative that pardons certain offenses or groups, often used to regularize undocumented immigrants or relieve individuals from legal penalties.

Legal Immigration

The process by which individuals move to another country to live permanently in accordance with the laws and regulations of the host country.