Which of the Following Statements About an Organization in a Dynamic

question 61

Multiple Choice

Which of the following statements about an organization in a dynamic business environment is true?

• A)It does not change frequently.
• B)It allows organizations to primarily focus on efficiency.
• C)It requires organizations to have structures that are more rigid.
• D)It requires little change over time.
• E)It requires organizations to have structures that are more adaptivE.Stable environments allow organizations to focus on efficiency and require little change over time.In contrast, dynamic environments change on a frequent basis and require organizations to have structures that are more adaptive.

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Definitions:

Service Income

Income earned from the provision of services to clients or customers.

Unearned Service Revenue

Income received by a company for services yet to be provided, recorded as a liability until the services are performed.

Financial Statement

Reports outlining the financial standing of a business, incorporating the balance sheet, income statement, and cash flow statement.