An Organization's Foundation Can Be Broken into Three Key Elements

question 178

Multiple Choice

An organization's foundation can be broken into three key elements:

• A)products,services,and ideas.
• B)business definition,long-term goals,and short-term objectives.
• C)board of directors,top management,and stakeholders.
• D)corporate-level strategies,SBU-level strategies,and functional-level strategies.
• E)core values,mission/vision,and organizational culture.

---

Definitions:

Breach of Condition

A Breach of Condition refers to the failure to meet a condition stated in a contract, which is so fundamental that it allows the other party to terminate the contract and seek compensation for damages.

Warranty

A guarantee provided by a manufacturer or seller regarding the condition of a product and a promise of repair or replacement if the product does not meet specified criteria.

Government Bonds

Debt securities issued by a government to finance its expenditures, offering a fixed or variable interest rate over time.

Private Company

A business entity owned by private individuals or entities, not publicly traded on the stock market, and not subject to the same reporting requirements as a public company.