A Theory That States That Major Evolutionary Changes Have Taken

question 21

Multiple Choice

A theory that states that major evolutionary changes have taken place in spurts is referred to as

• A) scientific creationism.
• B) neo-Darwinism.
• C) punctuated equilibrium.
• D) Lamarckianism.
• E) adaptive radiation.

Describe the concept of open systems and its relevance to organizational behavior.

Analyze the relationship between environmental uncertainty and resource dependence.

Understand the role of interest groups within the organizational environment.

Recognize the strategies used by organizations to cope with and adapt to their environments.

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Definitions:

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade, investments, and travel.

Foreign Exchange Risk

The potential change in earnings or financial position from fluctuating exchange rates affecting international financial transactions.

Forward Contract

An agreement to buy or sell an asset at a future date for a price agreed upon today.

Spot Rate

Refers to the immediate exchange rate at which one currency can be exchanged for another without any delay.