Which of the Following Describes a Turnaround Strategy

question 1

Multiple Choice

Which of the following describes a turnaround strategy?

• A) a form of divestment and is appropriate when corporate problems can be traced to the poor performance of an SBU or product line
• B) occurs when the corporation reduces the scope of some of its functional activities and becomes "captive" to another firm
• C) emphasizes improving operational efficiency and is appropriate when a corporation's problems are pervasive, but not yet critical
• D) occurs when a corporation liquidates all its assets
• E) involves adding different products or divisions to the corporation

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Definitions:

Functionalism

A theoretical perspective in sociology and psychology that focuses on the roles or functions that an institution, behavior, or mental state serves in society or an organism.

Adaptive Value

The extent to which a trait or behavior increases the survival and reproduction chances of an organism in its environment.

Mental Processes

Internal cognitive operations that include thinking, perceiving, problem-solving, and remembering.

Ethical Principles

Fundamental guidelines or beliefs that govern the behavior and decision-making of individuals and organizations.