Which of the Following Statements Is Correct

question 407

Multiple Choice

Which of the following statements is correct?

• A)Differences in human capital may explain differences in wages between blacks and whites.
• B)Racial discrimination is the strongest explanation for differences in wages between blacks and whites.
• C)Gender discrimination is the strongest explanation for differences in wages between blacks and whites.
• D)None of the above statements is correct.

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Definitions:

Strategy Formulation

The process of developing a plan to achieve organizational goals that involve defining the company’s mission, setting objectives, assessing both internal and external environments, and determining strategic choices.

Strategy Implementation

The process of putting strategies into action.

Strategy Outsourcing

The practice of delegating a company's business strategy or operational tasks to external specialists to capitalize on efficiencies, reduce costs, or improve focus on core competencies.

Strategic Analysis

A comprehensive evaluation process of an organization's strategic position, identifying strengths, weaknesses, opportunities, and threats.