Based on This Scree Plot, How Many Factors Should Be

question 24

Multiple Choice

Based on this scree plot, how many factors should be extracted?

• A) 2.
• B) 3.
• C) 4.
• D) 5.

Understand the concept of environmental uncertainty and its implications on planning and decision-making.

Identify and distinguish between different organizational responses to uncertainty.

Recognize the significance and process of planning in organizations.

Comprehend the origins and development of Facebook as an example of successful planning and innovation.

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Definitions:

GDP

Gross Domestic Product, a measure of the total economic output of a country, representing the total value of all goods and services produced over a specific time period.

European Monetary Union

An agreement among European Union member countries to adopt a single currency, the euro, and a single monetary policy governed by the European Central Bank.

Euro

The official currency used by 19 of the 27 European Union countries, also known by the acronym EUR.

Member Nations

Countries that are part of an international organization or agreement, and thus abide by its rules and contribute to its goals, such as the United Nations or European Union.