Why is an organization’s history important?

a. Organizations need to learn from their mistakes
b. Organizations should try to repeat what worked for them in the past
c. It provides insight into how the organization evolved and developed its mission, values, and strategy
d. It’s useful to explain to customers and stakeholders and is a valuable marketing tool


c. It provides insight into how the organization evolved and developed its mission, values, and strategy

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If net income is $150,000 and interest expense is $20,000 for Year 2, what is the rate earned on total assets for the year?

a. 10.4% b. 11.9% c. 10.5% d. 8.4%

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The first step in making sure you collect on a homeowners' covered loss is

A) documentation. B) notification. C) evaluation. D) arbitration.

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Puffery is fraud.

Answer the following statement true (T) or false (F)

Business

Jean LeFleur, owner of Happy Feet, a company that makes environmentally-sensitive foot wear, decided to move operations from Los Angeles to Bozeman, Montana. LeFleur wanted to be in an area noted for environmental quality. He built a new plant that produced oil-based sludge from its production process. The sludge could have been treated at the plant. But LeFleur decided that treatment was too

costly, so the company dumped sludge into the Gallatin River, which runs through Happy Feet property. Other sludge was buried in drums in a field at night. If Janet were to sue Happy Feet for trespass of her property, she would need to prove: a. a direct breach of the boundaries of her land b. a physical invasion of land by vapors c. a completely unreasonable interference with the use of her land d. economic interference that may cause bankruptcy if Happy Feet's actions are not enjoined e. intent by Mr. LeFleur to pollute Janet's property

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