Which of the Following Perspectives of Organizational Effectiveness Argues That

question 75

Multiple Choice

Which of the following perspectives of organizational effectiveness argues that companies take their sustenance from the environment and, in turn, affect that environment through their outputs?

• A)Stakeholder
• B)Systematic research
• C)High-performance work practice
• D)Organizational learning
• E)Open systems

Recognize the legal requirements for fulfilling sales contracts accurately.

Distinguish between express and implied warranties and their legal implications.

Comprehend the defenses and exceptions in product liability cases.

Understand the concept of social stratification and its significance in society.

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Definitions:

Merchandise Trade Balance

The difference between a country's exports and imports of tangible goods.

Services Trade Balance

The difference between exports and imports of services of a country, reflecting whether a country is a net provider or consumer of services internationally.

Adam Smith

An 18th-century economist known as the father of modern economics, famous for his theories on free markets and the 'invisible hand'.

International Trade

The exchange of goods and services across international boundaries.