Operating Managers Must Establish Short-Term Objectives and Operating Strategies That

question 23

Multiple Choice

Operating managers must establish short-term objectives and operating strategies that contribute to:

• A) Business-level goals
• B) Corporate-level goals
• C) Goals toward diversification
• D) Specialization

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Definitions:

Battle of the Forms

A legal concept involving conflicts between differing terms in contracts, typically in commercial transactions.

Acceptance

In contract law, acceptance refers to the agreement by the party to whom an offer has been made to the terms of the offer, resulting in a legally binding contract.

Mailbox Rule

A legal doctrine stating that an offer is considered accepted at the time the acceptance is sent via the mail or other delivery method.

Risk

In law and business, risk refers to the exposure to potential loss or damage arising from various factors like legal liabilities or financial transactions.