The Term __________Refers to the Events and Trends Inside an Organization

question 79

Multiple Choice

The term __________refers to the events and trends inside an organization that affect management, employees, and the organizational culture.

• A) managerial environment
• B) internal environment
• C) industry environment
• D) general environment
• E) organizational structure

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Definitions:

Sole Proprietorship

A business structure where a single individual owns, operates, and is personally responsible for all aspects of the business.

Legal Structure

The legal organization of a company, determining its legal personality, liability, and taxation methods. Examples include sole proprietorship, partnership, corporation, and LLC.

C Corporation

A business structure where the company is taxed separately from its owners, offering limited liability protection to its shareholders.

Legally Liable

The state of being legally responsible for something, typically involving a financial or other obligation.