What Types of Firms Use Strategies That Are Related To,but

question 95

Multiple Choice

What types of firms use strategies that are related to,but somewhat different from,those of core firms when doing an analysis of strategic groups to assess external environmental threats and opportunities?

• A) strategic firms
• B) secondary firms
• C) transient firms
• D) pioneering firms

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Definitions:

Sarbanes-Oxley Act

The Sarbanes-Oxley Act is a U.S. federal law that established sweeping auditing and financial regulations for public companies, to protect investors from fraudulent financial reporting.

Felony

A serious crime, usually punishable by imprisonment for more than one year or by death.

Proper Records

Maintaining accurate and complete documentation of all transactions and operations in business, necessary for compliance and auditing purposes.

Criminally Liable

The legal responsibility one holds for committing an act that is prohibited by law, potentially resulting in criminal prosecution and penalties.