What Is It Called When an Organization Needs to Identify

question 41

Multiple Choice

What is it called when an organization needs to identify emerging issues through environmental scanning?

• A) catastrophe probability
• B) emerging needs
• C) issues management
• D) liability probability

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Definitions:

Total Benefit

The sum of all the advantages or gains obtained from a certain action or investment.

Externalities

Economic side effects or consequences that affect someone other than the buyer or seller, can be positive or negative.

Incentives

Motivations or rewards that influence the actions and behaviors of individuals or organizations.

External Benefit

A positive effect or advantage that results from a transaction or activity but benefits a third party who is not directly involved in the transaction.