1. List the three economic goals that guide the strategic direction of business organizations. Write a paragraph on each of them, explaining them and giving examples.
2. Define agency theory. Describe agency costs in three to four sentences and give examples.
3. Define strategic control. Describe how managers use strategic control and give examples from a management perspective in two to three paragraphs.
4. List the three levels of strategy in an organization. Describe them briefly in one paragrapheach, giving examples.