An Organization's Macroenvironment Includes Its Customers and Suppliers

question 104

True/False

An organization's macroenvironment includes its customers and suppliers.

---

Definitions:

Bailor

The owner of a chattel who delivers possession of the chattel to another in a bailment.

Vicarious Performance

A performance of a contract by a third party, where the contracting party remains liable for the performance.

Licensed Mechanic

A technician who has obtained official authorization or certification to perform mechanical repairs and maintenance on various types of machinery, especially vehicles.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances.