Podcast
Questions and Answers
Which of the following best describes the internal environment of an organization?
Which of the following best describes the internal environment of an organization?
- The conditions and forces within an organization that can be controlled (correct)
- Factors in the immediate market that an organization can directly control
- Everything outside an organization's boundaries that might affect it
- Factors largely out of the control or management of the organization
What is the uncontrollable environment of an organization?
What is the uncontrollable environment of an organization?
- The conditions and forces within an organization that can be controlled
- Factors largely out of the control or management of the organization
- Factors in the immediate market that an organization can directly control
- Everything outside an organization's boundaries that might affect it (correct)
What is the task environment of an organization?
What is the task environment of an organization?
- Factors largely out of the control or management of the organization
- Factors in the immediate market that an organization can directly control (correct)
- Everything outside an organization's boundaries that might affect it
- The conditions and forces within an organization that can be controlled
Who has legal property rights to a business?
Who has legal property rights to a business?
What is the governing body of an organization called?
What is the governing body of an organization called?
Which of the following best describes the external environment of an organization?
Which of the following best describes the external environment of an organization?
What is the role of the board of directors in an organization?
What is the role of the board of directors in an organization?
What is the task environment of an organization?
What is the task environment of an organization?
What is the general environment of an organization?
What is the general environment of an organization?
Who is someone who has legal property rights to a business?
Who is someone who has legal property rights to a business?
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Study Notes
Organizational Environment
- Internal environment: Refers to the internal factors that affect an organization's performance, such as company culture, employees, and management.
External Environment
- External environment: Refers to the external factors that affect an organization's performance, such as customers, suppliers, competitors, and government regulations.
- General environment: Comprises the broader societal context in which an organization operates, including economic, technological, legal, and sociocultural factors.
Task Environment
- Task environment: Refers to the external factors that have a direct impact on an organization's daily operations, such as customers, suppliers, competitors, and government agencies.
Ownership and Governance
- Owner of a business: Has legal property rights to a business.
- Board of directors: The governing body of an organization, responsible for making strategic decisions and overseeing the management of the organization.
- Role of the board of directors: To set the organization's vision, mission, and objectives, and to ensure the organization is run in the best interests of its stakeholders.
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