The Idea That an Organization Interacts with Its Environment (Rather

question 53

Multiple Choice

The idea that an organization interacts with its environment (rather than being totally determined by it) is summed up in the phrase:

• A)strategy follows structure.
• B)structure follows strategy.
• C)analyzability before feasibility.
• D)coordination through standardization.
• E)feasibility breeds analyzability.

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Definitions:

Nation Bank

Likely a typographical error, but if referring to "National Bank," then it's a commercial bank chartered by the federal government in the United States.

Good Faith Purchaser

A Good Faith Purchaser is someone who buys property without knowledge of any prior claims, disputes, or flaws related to the property, thereby obtaining legal ownership.

Holder In Due Course

A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original payee.

Acceptor

The person (the drawee) who accepts a draft and who agrees to be primarily responsible for its payment.