In Terms of Organizational Boundaries and Environments, Which Is Correct

question 19

Multiple Choice

In terms of organizational boundaries and environments, which is correct?

• A) Large business firms are heavily influenced by events in the external environment, but small business firms are much less influenced.
• B) No single firm can control the environment.
• C) Most organizations have a single environment, but some have multiple environments they must cope with.
• D) The major elements of the external environment are marketing, finance, production, and human resources.
• E) The most important features of the external environment are the political and social aspects.

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Definitions:

Lender

A person, organization, or entity that provides funds to others under the agreement that the funds will be repaid, typically with interest, over a specified period.

Utility-Maximizing

The process or behavior of selecting the combination of goods and services that provide the highest utility or satisfaction to an individual, given their budget constraint.

Present Value

The worth at present of a future money amount or sequences of cash flows, applying a specified rate of return.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.