The Task Environment of a Firm Consists of Demographic, Economic

question 19

True/False

The task environment of a firm consists of demographic, economic, natural, and technological environments, as well as the political-legal system and the social-cultural arena.

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Definitions:

Temporal Associations

The relationship between events in time, often influencing how memories and perceptions are formed.

Recognition

The cognitive process of identifying previously encountered information from an array of options.

Primacy Effect

A cognitive bias that results in a person remembering information from the beginning of a list better than information presented later.

Phi Phenomenon

The visual trick of seeing ongoing movement in distinct items observed quickly one after the other.