Markov Analysis Is Particularly Useful in Organizations Where

question 59

Multiple Choice

Markov analysis is particularly useful in organizations where:

• A) the external environment is unstable and unpredictable
• B) internal (strategic) changes are complex and on-going
• C) jobs do not fluctuate rapidly due to external or internal change
• D) rapid response is needed to social and legal challenges
• E) economic conditions are changing quickly

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Definitions:

U.S. Department of Justice

A federal executive department responsible for enforcing the law and administration of justice in the United States, headed by the Attorney General.

Monopoly

A market structure characterized by a single seller who has exclusive control over a product or service.

Antitrust Law

Legal regulations designed to promote fair competition for the benefit of consumers, by preventing monopolies, cartels, and other practices that restrain free trade.

Interstate Commerce

Trade, traffic, or transportation involving the movement of goods or people across state lines, regulated by federal law.