The Hierarchy of Strategy Entails the Functional Units of an Organization

question 33

True/False

The hierarchy of strategy entails the functional units of an organization providing input into the other levels of strategy formulation.

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Definitions:

Employer

An individual or organization that hires and pays people to work.

Motivated

Having a strong desire or willingness to act or accomplish something; driven by certain motives or incentives.

Legally Nonexistent Principal

A legal concept referring to a supposed entity or person in a transaction who, in fact, does not have legal existence.

Agent

An individual or entity authorized to act on behalf of another, known as the principal, in business transactions or other matters.