Environmental Scanning Refers to

question 62

Multiple Choice

Environmental scanning refers to

• A)assessing any possible negative impact a firm's activities might have on the local ecology.
• B)continually acquiring information on events occurring outside the organization to identify and interpret potential threats.
• C)setting up a regimented schedule for assessing the performance of different divisions within a firm.
• D)initiating an internal talent search to identify employees for promotion, who not only do their jobs well, but who can think "outside the box."
• E)requiring all employees to spend time outside the office to avoid the "ivory tower" syndrome.

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Definitions:

Minimum

The lowest value in a given set of numbers, data points, or measurements.

First Quartile

The value below which a quarter of the data falls, representing the 25th percentile of a data set.

Outliers

Data points that are significantly different from the majority of a data set, often indicating a measure of variability or error.

3*IQR

A metric used in statistics to identify potential outliers, calculated as three times the interquartile range.