The Level of an Organization's External Environment That Contains Components

question 64

Multiple Choice

The level of an organization's external environment that contains components having broad long-term implications for managing the organization is the ________.

• A)general environment
• B)financial environment
• C)demographic environment
• D)internal environment
• E)operating environment

Understand the role and impact of HR professionals in leading and facilitating organizational change.

Recognize the significance of action research in the process of implementing change and its benefits.

Identify the essential elements of effective change management including the importance of managing mental models, defensive routines, and establishing a culture of learning.

Distinguish between different models and theories of change management such as Lewin's change model, the generic model, and chaos theory.

---

Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which are recorded on the right side of the balance sheet.

Equity

Equity represents an owner's share in the assets of a company, after all liabilities have been subtracted.

Accounts Receivable

The balance of money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Credit

An entry recording an increase in assets or decrease in liabilities and equity on the company’s balance sheet, or the provision of goods or services in exchange for a promise of payment in the future.