The ____ Is Everything Outside an Organization and Includes All

question 5

Multiple Choice

The ____ is everything outside an organization and includes all elements, people, other organizations, economic factors, objects, and events, that lie outside the boundaries of the organization.

• A)universal approach
• B)general environment
• C)organizational environment
• D)task environment
• E)contingency approach

---

Definitions:

Historical Episodes

Significant events or periods in history that have influenced the course of human activity or the development of societies.

Economic Theories

Systems of ideas and principles that explain the functioning of economies and guide the analysis and formulation of economic policies.

Circular-Flow Diagram

An illustrative depiction of the economy demonstrating the circulation of currency among markets, households, and companies.

Firms

Firms are business organizations engaged in industrial, commercial, or professional activities, aiming to generate profits.