Which of the Following Statements Is True of the Value

question 44

Multiple Choice

Which of the following statements is true of the value net model?

• A)It describes how an organization interacts with others in its environment to create value.
• B)It treats a particular stakeholder as a "single-role player" to facilitate effective decision making.
• C)It typically focuses on large-scale social problems that have proven difficult for governments or other social actors to solve.
• D)It focuses on improving the value of each of the stakeholders in a value chain by assigning them rigid goals and tasks.

Understand the role and impact of state and federal policies on greenhouse gas emissions.

Recognize the ethical and legal requirements in advertising, particularly concerning disclosures.

Comprehend the legal and ethical responsibilities of professionals in securing client information.

Identify the opportunities and legal implications of businesses acting on climate change.

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Definitions:

Process

A series of actions or steps taken to achieve an end.

Internal Business Processes

Activities or operations within a company that contribute to the business's goals, often focusing on efficiency and productivity.

Strategy

A high-level plan or set of actions designed to achieve long-term or overall aims and objectives, often within a competitive environment or to solve a problem.

Support Activities

Functions or operations that help make a business's primary activities more efficient, such as procurement, technology development, human resource management, and firm infrastructure.