In the Context of the External Environment of a Firm

question 83

Multiple Choice

In the context of the external environment of a firm, _____ involves searching the environment for important events or issues that might affect an organization.

• A) environmental scanning
• B) environmental zoning
• C) environmental designing
• D) environmental testing

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Definitions:

Injunction

A legal directive compelling an individual or a group to initiate or halt a defined action.

Specific Performance

A legal remedy that compels a party to execute a contract according to its precise terms when monetary damages are inadequate.

Equitable Remedy

Judicial remedies granting relief based on fairness, including injunctions and specific performance, distinguished from remedies by way of monetary damages.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or harm due to the wrongful act of another.