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

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Definitions:

Salary Caps

A stipulated maximum amount that can be spent on players' salaries by sports organizations or teams to maintain competitive balance.

League Officials

Individuals appointed to enforce rules, conduct, and fair play within sports leagues, ensuring that competitions are held according to established standards.

Model

A formal statement of a theory, usually a mathematical statement of a presumed relationship between two or more variables.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained, often used as a framework for scientific or philosophical understanding.