Asked by Rossi Lopez on Jun 12, 2024
Verified
What is the major protection for organizations against trouble caused by external forces?
A) Long-term strategies
B) Cash budgets and projections
C) Experienced advisors and directors
D) Mergers and acquisitions
External Forces
Factors outside the control of an organization that can impact its performance, including economic trends, regulation, or technological changes.
Long-term Strategies
Approaches or plans developed to achieve goals and objectives over an extended period, focusing on sustainable growth and development.
Cash Budgets
Detailed plans that estimate future cash receipts and disbursements, helping organizations manage their cash flow.
- Identify the protective measures and strategies against external forces leading to business difficulties.
Verified Answer
NE
nahdara esttaifanJun 16, 2024
Final Answer :
C
Explanation :
Experienced advisors and directors can provide valuable insights and guidance to organizations when dealing with external factors such as economic downturns, changes in government regulations, or emerging industry trends. These advisors and directors can help the organization navigate through such challenges and make strategic decisions to protect the organization's interests. While long-term strategies, cash budgets and projections, and mergers and acquisitions are important, they may not be enough to fully protect an organization against external forces on their own.
Learning Objectives
- Identify the protective measures and strategies against external forces leading to business difficulties.