Uncertainty in a Business Environment Refers to Lacking Sufficient Information

question 173

Essay

Uncertainty in a business environment refers to lacking sufficient information necessary to understand and predict environmental needs and changes. Turbulence in a business environment refers to the amount of change and complexity that exists in that organizational environment. Choose one of the strategies that managers use to adapt to environmental changes, and write a short paragraph that gives your assessment of the ethical issues that might arise from its use.

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Definitions:

Taxable Income

Refers to the amount of an individual's or a corporation's income used to determine how much tax is owed to a government in a given tax year.

Canada Revenue Agency

The federal agency responsible for administering tax laws for the Canadian government and for most provinces and territories.

Accumulated Depreciation

The total amount of depreciation that has been recorded against a fixed asset over its useful life, reducing its book value.

Loss of $1,000

A financial term indicating that an entity has incurred a negative financial result, specifically being $1,000 less than initially accounted for or expected.