The Iceberg Principle Suggests That

question 79

Multiple Choice

The iceberg principle suggests that:

• A) most competitors' strategies are not obvious on the surface.
• B) small customers usually have the most hidden profit potential.
• C) conclusions based on summary information are often misleading.
• D) no matter what control procedure is used, most major problems are impossible to detect until it is too late.
• E) None of the above is true.

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Definitions:

Natural Sciences

Academic disciplines that study the natural world, using empirical evidence and scientific methods.

Knowledge Acquisition

The process by which individuals or systems gather information and understanding about a subject, leading to learning and the development of expertise.

Grafting

In organizational context, it refers to acquiring new knowledge or skills from outside sources to foster innovation or solve problems.

Experimentation

The act of conducting tests or trials to explore hypotheses or discover new insights and knowledge.