The Two Kinds of External Organizational Environments Are the General

question 91

True/False

The two kinds of external organizational environments are the general environment and the specific environment.

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Definitions:

Labour Unions

Organizations formed by workers to protect their rights and interests, often engaging in collective bargaining with employers over wages, benefits, and working conditions.

Internal Users

Individuals or groups within an organization who use financial and non-financial information to make decisions, such as management and employees.

External Users

Individuals and organizations outside a business who use its financial information for decision-making purposes.

Annual Reports

Comprehensive reports issued by companies annually that provide information on their operations, financial condition, and corporate activities.