A Response That Occurs When Events in the Environment Have

question 7

Multiple Choice

A response that occurs when events in the environment have already affected the firm's performance is called

• A) Performance change.
• B) Reactive change.
• C) Internal change.
• D) Total organization change.
• E) External change.

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Definitions:

Market Price

The immediate price point at which assets or services can be exchanged in the market.

Common Stock

A type of stock representing ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.

Dividends

Payments made by a corporation to its shareholder members, usually out of profits or reserves.

Working Capital

Current assets minus current liabilities, representing the short-term liquidity and operational efficiency of a business.