The Most Trustworthy Signs of a Well-Managed Company Are

question 3

Multiple Choice

The most trustworthy signs of a well-managed company are

• A) the eagerness with which executives set stretch financial and strategic objectives and develop an ambitious strategic vision.
• B) aggressive pursuit of new opportunities and a willingness to change the company's business model whenever circumstances warrant.
• C) good strategy-making combined with good strategy execution.
• D) a visionary mission statement and a willingness to pursue offensive strategies rather than defensive strategies.
• E) a profitable business model and a balanced scorecard approach to measuring the company's performance.

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Definitions:

Exchange Control

Restriction on importation of certain products or against certain companies to reduce trade and expenditures of foreign currency.

Domestic Capital

Financial assets and resources available within a country, including savings and investments, that are used for economic growth.

Foreign Corrupt Practices Act

A U.S. law that prohibits companies from bribing foreign officials to obtain or retain business.

General Agreement

A broadly defined consensus or mutual understanding between parties on a range of issues or terms of engagement.