Operating Within the Environment (Scenario)

question 61

Multiple Choice

Operating Within the Environment (Scenario)
The environment places constraints on the behavior of managers. Suppose you are the manager of a real estate office trying to maximize profits. You attempt to understand the forces within your organization's environment.
-If the mortgage rate on loans increases, this would be an example of changing ___________ in your general environment.

• A) social conditions
• B) political conditions
• C) economic conditions
• D) competition

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Definitions:

Unrelated Abilities

Skills or competencies that do not influence each other; possessing one does not imply competence or performance in the other.

"g" Factor

Refers to the general intelligence factor, a construct that cognitive psychologists argue underlies the specific abilities measured by intelligence tests.

Overlapping Skills

Overlapping skills are abilities or competencies that are applicable and useful in multiple areas or disciplines, often enhancing versatility and adaptability.

Crystallized Intelligence

The skill to utilize knowledge and experiences that have been learned.