Environmental Uncertainty Exists When Managers

question 85

Multiple Choice

Environmental uncertainty exists when managers

• A)attempt to simplify the general environment.
• B)attempt to stabilize the task environment.
• C)have difficulty predicting the impact of environmental factors.
• D)relax the constraints on product demand.
• E)behave in an unpredictable fashion.

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Definitions:

Safety Nets

Programs or mechanisms designed to provide a minimum level of security, income, or assistance to individuals or communities in need.

Financial Control

The processes, policies, and procedures that are put in place to monitor and manage an organization's financial resources effectively.

Bankruptcy

A legal process for businesses or individuals unable to repay their outstanding debts, providing a way to resolve insolvency.

Miscellaneous Costs

Expenses that do not fit into any standard category of a budget or financial statement, often irregular or minor in size.