The Organisational Environment Concept Refers to All Elements Existing Inside

question 46

True/False

The organisational environment concept refers to all elements existing inside and outside the organisation's boundaries.

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Definitions:

Cluster

A grouping of similar items, individuals, or data points among a set of data.

Standard Error

Standard Error is the standard deviation of the sampling distribution of a statistic, often used to measure the accuracy with which a sample reflects a population.

Sample Size

The number of observations or elements selected from a population to be included in a sample.

Standard Deviation

A measure of the dispersion or variability of a set of data points from their mean, indicating how spread out the data points are.