Which of the Following Is True of Environmental Uncertainty

question 136

Multiple Choice

Which of the following is true of environmental uncertainty?

• A) The less uncertain the environment, the harder it is to analyze environmental conditions and predict the future state of affairs.
• B) The least challenging situation is an environment that is both complex and dynamic.
• C) High-uncertainty environments require less flexibility in organizational designs and work practices as different circumstances arise every now and then.
• D) High-uncertainty environments require people to make decisions gradually since new circumstances arise constantly.
• E) The uncertainty of an organization can be analyzed using degree of complexity and rate of change.

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Definitions:

Bank

A banking entity authorized to accept deposits, extend credit, and offer diverse financial services to both private individuals and commercial entities.

Authorization to Confess Judgment

A legal provision where a debtor gives a creditor the right to enter a judgment against them without trial if they fail to meet the terms of an agreement.

Negotiability

This term refers to the characteristic of a financial instrument that enables it to be transferred or assigned from one party to another with ease and legal effect.

I.O.U.

An informal document acknowledging a debt owed.