Good Strategy Allows a Company to Be Everything to Everyone

question 138

True/False

Good strategy allows a company to be everything to everyone.

Comprehend the role and significance of the Industrial Workers of the World (IWW) and its criticism of the American Federation of Labor (AFL).

Recognize the effect of legislative protections and key labor laws on the rise in union membership post-1935.

Identify the aims of welfare capitalism and its impact on worker loyalty and work environment.

Understand the role of the National War Labor Board during WWII in resolving labor disputes and legitimizing unions.

---

Definitions:

Equity

The value of an ownership interest in property, including shareholders' ownership in a corporation.

EPS

Earnings Per Share, a financial ratio that measures the amount of net income earned per share of stock outstanding.

Operating Leverage

A measure of how much a company can increase its operating income by increasing revenue, indicating the ratio of fixed costs to variable costs.

EBIT

Earnings Before Interest and Taxes; a measure of a company's profitability that focuses on earnings generated from its core operations before the impact of financial and tax activities.