According to the Text, Which of the Following Is NOT

question 210

Multiple Choice

According to the text, which of the following is NOT a basic guideline for setting a firm's objectives?

• A) Engaging in specific activities that will perform an economically useful function.
• B) Identifying its current and prospective competitors.
• C) Earning enough profit to survive.
• D) Developing an organization to carry on the business and implement its strategies.
• E) Ensuring that the firm's activities are socially useful.

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Definitions:

Complex, Open Systems

Describes organizations as entities that are intricate in nature and interact dynamically with their external environment.

Influenced By Environment

Refers to the way individuals or phenomena are shaped or affected by their surrounding environmental conditions.

Organizational Learning

The ongoing process of creating, retaining, and transferring knowledge within an organization to improve effectiveness and adaptability.

Learning Organization

An organization skilled at creating, acquiring, and transferring knowledge, and modifying its behavior to reflect new knowledge and insights.