The Process by Which a Company Adapts to Its Environment

question 38

Multiple Choice

The process by which a company adapts to its environment is called

• A) organizational pluralism
• B) organizational conflict
• C) organizational integration
• D) organizational synergy
• E) organizational learning

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Definitions:

Operating Cycle

An operating cycle is the average period of time it takes for a business to convert its inventory into cash proceeds from sales.

Receivables

Amounts owed to a company by customers for goods or services that have been delivered or used but not yet paid for.

Raw Materials

Basic materials and substances used in the initial production or manufacturing of goods.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.