Scenario A

question 19

Multiple Choice

Scenario A. Use the information given below to answer the questions that follow. Your organization is at a critical growth stage with regard to its technology. A team of three people have been assigned specific jobs by the chief technology officer. The assignments are: • Study the key technologies on which an organization depends and their competitive value. • Look at other companies that are successful and identify ways in which your organization can emulate the practices of the other companies. • Find out what is new in the industry. Be an "industry detective"-everything from reading up on industry reports to attending meetings and listening closely to what people are talking about.
-Based on the scenario, the second assignment is an example of:

• A) benchmarking.
• B) organizational culture audit.
• C) SWOT analysis.
• D) technology audit.
• E) environmental scanning.

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Definitions:

Current Income Statement

A financial document that reports a company's revenues, expenses, and net income over a specific period of time.

Managers

Individuals responsible for making decisions and overseeing the operations of a part or the entirety of an organization.

Company's Assets

Resources owned by a company that have economic value and can be used to meet debts, commitments, or generate revenue.

Company's Debt

The total amount of money owed by a company to creditors, including loans, bonds, and other forms of financial liabilities.