Business Environments and Government Requirements Are Becoming More Complex

question 58

Multiple Choice

Business environments and government requirements are becoming more complex. All of the following actions to manage this complexity would be appropriate EXCEPT

• A) hiring more sophisticated and computer-savvy managers.
• B) deploying more sophisticated tools and technique.
• C) seeking new ways to avoid government compliance.
• D) avoiding expensive trial and error to find out what works.

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Definitions:

Profits Equally

A principle where all parties involved in a business venture or agreement share the generated profits equally.

Joint Ventures

A business arrangement between two or more parties who agree to combine resources for the purpose of accomplishing a specific task or project.

Share Profits

The distribution of a portion of a company's earnings to its shareholders as determined by the board of directors.

Share Losses

In investing, refers to the apportioning of financial losses among shareholders or partners in proportion to their ownership or interest in the enterprise.