Which of the Following Would Be Appropriate When Defining a Business

question 30

Multiple Choice

Which of the following would be appropriate when defining a business model?

• A) the manner in which a business organizes itself so as to achieve its objectives
• B) traditional business models have usually revolved around a number of products and/or services so as not to limit the business
• C) the accounting standards which are used
• D) a business model typically refers to the traditional "push system" of conducting business
• E) all of the above

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Definitions:

Visionary Leadership

A leadership style that involves leaders who are able to inspire and motivate others toward achieving a long-term vision.

Vision

A forward-looking statement or image that defines what an organization or individual aims to achieve in the future.

Transformational Leadership

A leadership style that inspires and motivates followers to exceed their own interests for the sake of the group or organization by focusing on higher ideals and moral values.

Employee-Centredness

An approach in management that focuses on the needs, well-being, and involvement of employees in decision-making processes.