Given the Plethora of External Influences, Understanding the External Environment

question 28

Multiple Choice

Given the plethora of external influences, understanding the external environment requires managers to:

• A)Use a framework or a system that allows them to organize information and rank factors
• B)Monitor their rivals closely to detect signals of change in their strategies
• C)Use all existing techniques to gather and analyze information
• D)Work on the matter full-time

---

Definitions:

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud that emphasizes the role of unconscious factors in personality and behavior.

Extraneous Variables

Variables that influence the outcome of an experiment, other than the independent variable being tested.

Mental Processes

The internal cognitive and psychological activities of the mind such as thinking, learning, remembering, and deciding.