QuestionAugust 25, 2025

Which statement about managing In a competitive world is true? Management is most difficult when the economy is soaring Management must adapt to new circumstances when facing a challenging economy. Collaboration across organizational boundaries is unnecessary in today's business landscape. Management requires few skills and little knowledge in a globalized economy.

Which statement about managing In a competitive world is true? Management is most difficult when the economy is soaring Management must adapt to new circumstances when facing a challenging economy. Collaboration across organizational boundaries is unnecessary in today's business landscape. Management requires few skills and little knowledge in a globalized economy.
Which statement about managing In a competitive world is true? Management is most difficult when the economy is soaring Management must adapt to new circumstances when facing a challenging economy. Collaboration across organizational boundaries is unnecessary in today's business landscape. Management requires few skills and little knowledge in a globalized economy.

Solution
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Answer

Management must adapt to new circumstances when facing a challenging economy. Explanation 1. Analyze each statement Evaluate the truthfulness of each statement based on general management principles and economic conditions. - "Management is most difficult when the economy is soaring." This is generally false; while challenges exist, a booming economy often provides more resources and opportunities. - "Management must adapt to new circumstances when facing a challenging economy." This is true; managers need to be flexible and responsive to changing economic conditions. - "Collaboration across organizational boundaries is unnecessary in today's business landscape." This is false; collaboration is increasingly important for innovation and competitiveness. - "Management requires few skills and little knowledge in a globalized economy." This is false; globalization demands diverse skills and extensive knowledge.

Explanation

1. Analyze each statement<br /> Evaluate the truthfulness of each statement based on general management principles and economic conditions.<br /><br />- "Management is most difficult when the economy is soaring." This is generally false; while challenges exist, a booming economy often provides more resources and opportunities.<br />- "Management must adapt to new circumstances when facing a challenging economy." This is true; managers need to be flexible and responsive to changing economic conditions.<br />- "Collaboration across organizational boundaries is unnecessary in today's business landscape." This is false; collaboration is increasingly important for innovation and competitiveness.<br />- "Management requires few skills and little knowledge in a globalized economy." This is false; globalization demands diverse skills and extensive knowledge.
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