Strategic Decisions Have ______ Effects on Firms

question 6

Multiple Choice

Strategic decisions have ______ effects on firms.

• A) Temporary
• B) Short-lived
• C) Enduring
• D) Limited

Understand the importance of random sampling in research.

Recognize the concept of populations in psychological studies.

Identify the relationship between variables and the types of correlations.

Appreciate the significance of different research methods and when to apply them.

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Definitions:

Profits

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Productivity

The efficiency of production measured by the amount of output per unit of input.

Consumer Prices

The prices paid by consumers for goods and services, which can fluctuate based on supply and demand, inflation, and other economic factors.

Student Absenteeism

Refers to the habit of students missing school frequently without valid reasons, affecting their academic performance.