Organizational Strategy Begins with an Assessment of the Fundamental Characteristics

question 30

True/False

Organizational strategy begins with an assessment of the fundamental characteristics and structure of an industry.

---

Definitions:

Respondeat Superior

A legal principle stating that an employer or principal is legally liable for the wrongful actions of an employee or agent, provided these actions happened in the course of their employment or agency.

Employee

Someone who is classified as a paid worker for a principal.

Apparent Authority

A situation where a reasonable third party would understand that an agent had authority to act, even if the agent did not have actual authority.

Tort

An act of wrongdoing or violation of a right that results in civil legal consequences.