Environmental Scanning Is the Act of Analyzing the Critical External

question 40

Multiple Choice

Environmental scanning is the act of analyzing the critical external contingencies and trends facing an organization in terms of:

• A) economic conditions, employees capabilities, and stakeholders.
• B) economic conditions, competitors, and customers.
• C) competitors, and economic and financial capabilities.
• D) stakeholders, community conditions and customers.

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Definitions:

Triarchic Theory

A theory of intelligence proposed by Robert Sternberg, suggesting intelligence is composed of analytical, creative, and practical abilities.

Robert Sternberg

An American psychologist best known for his theory on intelligence and creativity, including the triarchic theory of intelligence.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" phenomenon.

Mental Set

A framework for thinking about a problem based on previous experiences and solutions, which can both aid and limit problem-solving ability.