Question: Question 15 What does Peter Drucker believe will happen if strategy evaluation is not performed seriously and systematically? a. The organisation will lose its competitive

Question 15

What does Peter Drucker believe will happen if strategy evaluation is not performed seriously and systematically?

The organisation will lose its competitive edge

Employees will become disengaged

Financial ratios will become unreliable

Energy will be used up defending yesterday's strategies

Question 16

How might an organisation benefit from implementing a maintenance strategy?

By rapidly expanding into new markets

By implementing radical changes to its processes

By aggressively competing with its rivals

By maintaining contact with its current customers

Question 17

Which of the following best describes a global strategy?

Ignoring international competitors

Designing, producing, and marketing products with global needs in mind

Limiting production to the home country

Focusing only on domestic markets for profitability

Question 18

What is at stake when formulating strategies?

The livelihood of employees and shareholders

The organisation's social media presence

The organisation's marketing campaigns

The design of the company's website

Question 19

What responsibility do managers have regarding business ethics?

Implementing aggressive marketing strategies

Developing and enforcing a code of ethics

Ensuring profitability at any cost

Fostering competition among employees

Question 20

What is a key difference between preparing projected financial statements for nonprofit organisations and for-profit organisations?

Nonprofits add net income to their equity section

Nonprofits do not have a retained earnings row

Nonprofits include taxes paid in their balance sheets

Nonprofits never pay dividends

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