For businesses facing complex and turbulent business environments. which of the following is true?

  1. For businesses facing complex and turbulent business environments, which of the following is true?

    1. Goals and objectives that are uncertain prevent opportunism
    2. Traditional strategic controls are usually inappropriate
    3. Complacency about predetermined milestones can prevent adaptability
    4. Detail plans are needed to maintain order
  1. The primary participants in corporate governance do not include the

    1. Shareholders
    2. Financial institutions
    3. Management (led by the chief executive officer)
    4. Board of directors

Answer

1. b. Traditional strategic controls are usually inappropriate

As firms have to deal with an increasingly complex and unpredictable business environment, there is a need for increased coordination across organizational barriers. Therefore, a control system based primarily on rigid strategies, rules, and regulations is dysfunctional

2. b. Financial institutions

The financial institutions are important from a business perspective although they are not part of corporate governance.

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