A(n)________ Advantage Is the Advantage of Conducting a Particular Economic

question 39

Multiple Choice

A(n) ________ advantage is the advantage of conducting a particular economic activity in a specific area because of the characteristics of that area.

• A)internalization
• B)ownership
• C)comparative
• D)location

Differentiate between strategic objectives and strategic initiatives within the balanced scorecard framework.

Understand the concept of a sustainability balanced scorecard and its creation methods.

Identify the elements of the balanced scorecard and their roles.

Recognize the four performance perspectives in the balanced scorecard and their focuses.

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Definitions:

Referent Power

A form of influence based on the loyalty and respect one commands due to personal traits or charisma, rather than a formal position or authority.

Uncertainty

The state of having limited knowledge about a situation, making outcomes unpredictable.

Discretion

Discretion refers to the freedom to decide what should be done in a particular situation, often involving judgment and the choice to act or not act.

Visibility

The degree to which an individual's actions, position, or status can be seen and recognized by others, influencing perceptions and opportunities.