Write a capital T for True and capital F for False For the questions below
1. The Board of Directors makes employment decisions, such as hiring and firing top managers.
2. No organization has control over economic growth, inflation, interest rates, or foreign exchange rates.
3. During periods of inflation, businesses experience decreased costs.
4. The economy has a direct impact on the firm’s performance and profits.
5. It is not always necessary to take the economy into account when performing strategic planning activities.
6. Federal and state government create both opportunities and threats for businesses.
7. Competitive strategies and strategic planning principles are a modern, contemporary approach to business management.
8. The vision statement of an organization provides a focus point for the future.
9. Cost leaders may offer their product or service to customers at the same cost as their competitors.
10. Social media cannot be used to monitor both the internal and external environment of an organization.
11. Shareholders are involved in the day-to-day operations of a corporation which they own.