A Company Wants to Change Its Strategy to Include "High

question 38

Multiple Choice

A company wants to change its strategy to include "high tech" services.The HR manager then discovers that there is a shortage of technologically trained people and informs the CEO that the company may have to abandon its new strategy.What is the major environmental factor that has affected the company's strategy implementation?

• A)technology
• B)labour force
• C)globalization
• D)legislation

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Definitions:

Internal Control

Processes and procedures implemented within an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Operations Efficiency

A measure of how well a company uses its resources to produce output effectively.

Cash Control

Methods and procedures that a company uses to monitor, manage, and protect its cash transactions and balances.

Large Companies

Businesses characterized by significant revenue, extensive operational scales, or substantial numbers of employees, often having considerable influence in their respective markets.