In the Context of the External Environment of a Firm

question 91

Multiple Choice

In the context of the external environment of a firm, which of the following statements is true of environmental scanning?

• A) Managers scan their firm's environment to reduce uncertainty.
• B) It remains unaffected by organizational strategies.
• C) CEOs in poorer-performing firms scan their firms' environments more frequently than CEOs in better-performing firms.
• D) It is reactive in nature and leads to the detection of environmental problems after they become organizational crises.

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Definitions:

Octavio Paz

A Mexican poet and diplomat, awarded the Nobel Prize in Literature in 1990, known for his works that explore the nature of individual experience and cultural identity.

Indigenous Philosophies

The set of varied philosophical perspectives, knowledge systems, and approaches to living and understanding the world that are rooted in the cultures and experiences of indigenous peoples.

Social Existence

The way individuals exist or live together in communities or societies, influencing and being influenced by each other.

Nature Of Reality

A philosophical concept that examines the fundamental nature or existence of everything.