________ is the ability to recognize major external changes, to quickly commit resources, and to recognize when a strategic decision is not working.

A. Strategic apprenticeship
B. Strategic flexibility
C. Strategic leadership
D. Strategic acceptability


Answer: B

Business

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In the context of SWOT analysis, which of the following would be a strength for a company already existing in the market?

A) a growing market B) a local environment that is conducive to growth of the business C) an openness of the governmental mechanism to foreign investors in the business D) a low level of barriers to entry in the market E) a high level of branding that leads to market recognition

Business

The product is the cost object when assigning indirect product costs

Indicate whether the statement is true or false

Business

Problems associated with e-procurement include

A. it must be isolated from the company's overall business system. B. it reduces entry barriers to international market opportunities. C. it must be completed before the firm can engage in other purchasing functions, such as supplier determination and analysis. D. it can expose the company to a wide range of potential security issues.

Business

Which of the following is not one of the common classifications of product liability defects?

A) Materials B) Design C) Failure to warn D) Packaging E) Manufacture

Business