Information in the External Environment Which Is Processed by the Organization

question 19

True/False

Information in the external environment which is processed by the organization is commonly known as output communication.

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Definitions:

Ring Tones

Digital files used on mobile phones to indicate an incoming call or message.

Efficient Market

A market theory that suggests all available information is already reflected in stock prices, hence investments cannot consistently outperform the market.

Profit Opportunities

Situations in which it is possible for businesses or individuals to make a financial gain.

Opportunity Cost

The penalty of not picking the second most preferable solution in the decision process.