According to the Text, Environmental Elements Over Which Management Does

question 25

True/False

According to the text, environmental elements over which management does have some control-including competitive, labor, and financial forces-are called internal forces.

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Definitions:

Leadership

The act of guiding and directing a group towards achieving a common goal through influence, vision, and motivation.

Subjective Measure

An assessment method based on personal opinions, interpretations, or feelings rather than objective criteria or metrics.

Performance

The execution of an action or task in consideration of its efficiency, effectiveness, and quality.

Net Profits

The amount of money left after all expenses, taxes, and costs have been subtracted from total revenue.