1. The finding of an organization's core competences via an internal study might help the business determine its competitive advantage (s).

True / fals

2. According to Archie Carroll, the basic purpose of business is profit maximization.

True / fals

3. A corporation's ethical duties are voluntary commitments that it accepts.

True / fals

4. Directors who fail to act with due care and cause harm to the corporation may face personal liability.

True / fals

5. According to agency theory, the majority of a company's board of directors should be from outside the company.

True / false

6. An examination of an organization's external environment might reveal its strengths and faults.

True / false

7.Corporate strategy is implemented at the level of the business unit or product.

True / false

8. The internal environment encompasses the factors within the company that are under senior management's short-term control.

True / false

9. The task environment of a corporation is often focused on the industry in which the firm works and normally involves just the corporation's major stakeholders.

True / false

10. Suppliers have significant power in an industry if raw resources for a product are scarce, according to Michael Porter's Five Forces industry study.

True / false