All Relevant Forces Outside a Firm's Boundaries, Such as Competitors

question 46

Multiple Choice

All relevant forces outside a firm's boundaries, such as competitors, customers, the government, and the economy are referred to as _____.

• A) external environment
• B) open systems
• C) relative constraints
• D) physical noise
• E) competitive bodies

Gain insight into various theoretical frameworks used to analyze globalization such as modernization theory, dependency theory, and conflict theory.

Identify the effects of cultural homogenization and heterogenization due to globalization.

Recognize the role and influence of global justice movements and their opposition to aspects of globalization.

Comprehend the interplay between global economic policies and their effects on national economies, particularly in terms of development and underdevelopment theories.

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Definitions:

Rationalization

The process of logically justifying behaviors, decisions, or beliefs, often after the fact, to make them appear reasonable or societally acceptable.

Use of Time

Use of Time refers to the ways in which individuals allocate their time across various activities, highlighting the importance of time management and the prioritization of tasks in daily life.

Political Organization

The way in which a society structures its political institutions, processes, and activities, including the distribution of power and the making of decisions.

Rationalization

The process of replacing traditional and emotional thought with reason and practicality, often leading to more efficient and standardized methods of operation.