For Businesses Facing Complex and Turbulent Business Environments,which of the Following

question 1

Multiple Choice

For businesses facing complex and turbulent business environments,which of the following is true?

• A) Goals and objectives that are uncertain prevent opportunism.
• B) Traditional strategic controls are usually inappropriate.
• C) Complacency about predetermined milestones can prevent adaptability.
• D) Detailed plans are needed to maintain order.

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Definitions:

Forward Contract

A financial derivative contract obligating the buyer to purchase an asset, or the seller to sell an asset, at a predetermined future date and price.

Exchange Rates

The rate at which one currency can be exchanged for another.

Spot Rate

The current market price used for immediate settlement of transactions involving a foreign currency.

Settlement Date

The date on which a trade is final, and the buyer must make payment and the seller deliver the asset.