Multiple Choice
Which form of business organization would best protect your personal assets if you are working on a project that is important to the company and there is a risk of significant financial loss?
18
views
1. Introduction to Accounting
Business Organization
Struggling with Financial Accounting?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
A company's strategy stands a better chance of succeeding when:
A
it ignores competitor actions and focuses solely on internal processes.
B
it is closely matched to the company's internal strengths and external opportunities.
C
it avoids adapting to changes in the business environment.
D
it is based on short-term trends rather than long-term objectives.
Verified step by step guidance1
Understand the question: The problem is asking about the conditions under which a company's strategy is most likely to succeed. This involves analyzing internal and external factors.
Step 1: Recognize that a successful strategy aligns with the company's internal strengths (e.g., resources, capabilities) and external opportunities (e.g., market trends, customer needs).
Step 2: Eliminate incorrect options. For example, ignoring competitor actions or focusing solely on internal processes is not effective because it neglects external factors.
Step 3: Consider the importance of adapting to changes in the business environment. Avoiding adaptation can lead to a mismatch between the company's strategy and market conditions.
Step 4: Evaluate the role of long-term objectives. Strategies based on short-term trends may lack sustainability and fail to address the company's broader goals.
Related Videos
Related Practice
Business Organization practice set
Problem sets built by lead tutorsExpert video explanations