Many Organizations Now Have Units That Monitor a Host of Magazines

question 94

Multiple Choice

Many organizations now have units that monitor a host of magazines and newspapers looking for stories that may have an impact on the organization.These units are

• A) a form of management information system.
• B) engaged in boundary spanning.
• C) a type of organization control.
• D) engaged in environmental scanning.
• E) engaged in strategic planning.

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Definitions:

Immediate Pay-offs

Immediate benefits or returns gained from an action or investment, often considered short-term thinking.

Nonrenewable Natural Resources

Resources found in nature that cannot be replenished or take millions of years to form, such as coal, oil, and natural gas.

Research and Development

The examination and analysis efforts performed by a business aiming at bettering its current products and methodologies or at pioneering new products and methodologies.

Immediate Pay-offs

Benefits or profits that are quickly realized after the implementation of an action or investment, as opposed to long-term gains.