The Grounds of Legitimacy of Business Power Are the Same

question 66

True/False

The grounds of legitimacy of business power are the same in all societies.

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Definitions:

Cultural Assimilation

The process in which individuals from a minority group gradually adopt the customs, attitudes, and cultural practices of the dominant societal group.

Operational

Relates to the daily functions and activities required for the running of a business or execution of a process, focusing on efficiency and effectiveness.

Financial

Pertaining to the management of money, assets, or investments by individuals, organizations, or governments.

Strategic

Pertaining to the identification of long-term or overall aims and interests and the means of achieving them through careful planning and allocation of resources.