Of the Following, the Best Example of Private Information Is

question 96

Multiple Choice

Of the following, the best example of private information is when

• A) Michael knows the price of a gallon of milk at the minimart but Michelle doesn't know.
• B) you know some of your used car's defects but a potential buyer cannot find out about them until after buying.
• C) you don't know the quality of a used car and must hire a trained mechanic who tells you all its defects.
• D) you pay the owner of a used car a little extra and she lets you know all of the car's defects.

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Definitions:

Objectives

Specific, measurable, achievable, relevant, and time-bound goals that individuals or groups set to achieve.

Constraints

Limitations or restrictions that affect decisions or actions within a process.

Organization Characteristics

Attributes or features that define the distinctive nature and functioning of an organization, such as its culture, structure, and management practices.

External Environment

Involves the surrounding conditions, forces, or circumstances outside an organization that affect its operations and strategies.