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:

Convenience Sample

A non-random selection of participants based on their availability and willingness to take part, not representative of the general population.

Representative Sample

A sample that closely mirrors the characteristics of the population from which it is drawn, ensuring the results of a study can be generalized.

Random Sample

A sample selected in such a manner that each member of the population has an equal chance of being included, ensuring the generalizability of results.

Cross Cultural Sample

A selection of research subjects drawn from multiple cultures intended to analyze how cultural contexts influence behaviors, beliefs, or other phenomena.