Management Is Obligated to Monitor New External Developments, Evaluate the Company's

question 38

Multiple Choice

Management is obligated to monitor new external developments, evaluate the company's progress, and make corrective adjustments in order to

• A)determine whether the company has a balanced scorecard for judging its performance.
• B)stay on track in achieving the company's mission and strategic vision.
• C)keep the company's board of directors well-informed about the company's future outlook.
• D)determine whether the company's business model is well-matched to changing market and competitive circumstances.
• E)decide whether to continue or change the company's strategic vision, objectives, strategy and/or strategy execution methods.

---

Definitions:

Clayton Act Section 3

Part of U.S. antitrust law that prohibits exclusive dealings and tying arrangements where they may substantially lessen competition or tend to create a monopoly.

Tying Agreement

A commercial arrangement whereby the seller conditions the sale of one product on the buyer's agreement to purchase another, separate product.

Smith-Lever Act

A 1914 United States legislation that established a system of cooperative extension services, connected to the land-grant university system, to disseminate information about agriculture, home economics, public policy/government, leadership, 4-H, economic development, and many other related subjects.

Monopoly Power

The ability of a company or entity to control the market for a particular good or service, enabling them to set prices or terms of sale without competition.