A Company's "Macro-Environment" Refers to

question 71

Multiple Choice

A company's "macro-environment" refers to

• A) the industry and competitive arena in which the company operates.
• B) general economic conditions plus the factors driving change in the markets where a company operates.
• C) all the relevant forces and factors outside a company's boundaries-general economic conditions, population demographics, societal values and lifestyles, technological factors, governmental legislation and regulation, and closer to home, the industry and competitive arena in which it operates.
• D) the competitive market environment that exists between a company and its competitors.
• E) the dominant economic features of a company's industry.

Identify the factors that determine the scope of an employee's actions within the course and scope of employment.

Understand the circumstances under which an employer or principal can be held liable for an agent's or employee's actions.

Understand the rights and liabilities that arise between agents and principals in various scenarios, including undisclosed principals and contract exclusions.

Recognize the implications of terminating agency relationships, including how authority can be revoked or renounced.

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Definitions:

Skills Shortage

A situation in which an economy or industry lacks a sufficient number of workers with the required skills to fill the available jobs.

Human Capital Infrastructures

Systems and facilities that support the development, deployment, and enhancement of the skills and knowledge of the workforce.

Experienced Nurses

Healthcare professionals who possess a significant amount of clinical knowledge and skills, gained through years of practice in nursing.

Business Incubator

Organizations designed to accelerate the growth and success of startup and early-stage companies by providing them with necessary support and financial services.