The Internal Environment

question 2

Multiple Choice

The internal environment

• A)is the structure inside an industry.
• B)has become less important as an explanation of firms' profitability.
• C)is how a firm's resources and capabilities are deployed to deliver its business strategy.
• D)can safely be left to the HR Department to manage.

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Definitions:

Categorical

Pertaining to data that can be divided into specific groups or categories that are mutually exclusive.

Data

Collected information or facts, typically numerical, that are used as a basis for reasoning, discussion, or calculation.

Categorical Variable

A type of variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other unit of observation to a particular group or nominal category.

Social Security Number

A unique nine-digit number assigned to U.S. citizens, permanent residents, and temporary working residents that is used for tracking individuals for social security and taxation purposes.