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Chantée has a very specific goal to marry a man with inherited wealth. As a consequence, whenever she meets new prospective mates, she consciously judges them based on the presence or absence of what she considers to be external indicators of wealth. Recently, she was asked for a date by a disheveled man in jogging pants who had thick-lensed glasses and bad teeth. Based on his appearance, Chantée decided that this man probably was not wealthy, so she turned down his request for a date. Later, she was disappointed to learn that the disheveled man was really the eccentric heir to a vast fortune. In this scenario, Chantée made an error in her use of:
Strategic Contingencies
Elements or situations that significantly affect the direction and methods of strategic planning, requiring adaptability and contingency planning.
Bankruptcy
A legal process through which individuals or entities unable to meet financial obligations can seek relief from some or all of their debts.
Organizational Subunit
Refers to a distinct division, department, or group within a larger organization, often with specific responsibilities or functions.
Sanctioned Ends
Officially approved or recognized goals or outcomes that are considered appropriate or desirable within a given context.
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