A Manager Is Responsible for Activities That Are Directly Connected

question 38

Multiple Choice

A manager is responsible for activities that are directly connected to the goals and sources of competitive advantage for their organization.This is known as:

• A)Making one's self irreplaceable
• B)Being in a central position
• C)Building alliances
• D)Controlling uncertainty
• E)Generating resources

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Definitions:

Fair Market Value

An estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.

Business Judgment Rule

A legal principle protecting corporate directors and officers from liability for decisions made in good faith and in the best interest of the company.

Derivative Action

A lawsuit brought by a corporation’s shareholder on behalf of the corporation against a third party, often an insider of the corporation.

Uncertificated

Referring to securities or stocks that are not represented by a physical certificate, existing only as electronic records.