As Factors in the External and Internal Environment Change,a Company

question 4

True/False

As factors in the external and internal environment change,a company must adjust its plans.

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Definitions:

Binding Awards

Decisions made by an arbitrator or judicial body that are legally enforceable and must be adhered to by the parties involved.

Restraint Of Trade

Agreement between firms to fix prices, injure competition, or prevent others from entering a market.

Exclusive Bargaining Representative

A labor union that has the sole authority to negotiate the terms of employment on behalf of all employees in a specific workplace.

Trade Union

An organization formed by workers in related sectors to protect their rights, negotiate wages, and improve working conditions.