Operating Within the Environment (Scenario)The environment places constraints on the behavior of managers. Suppose you are the manager of a real estate office trying to maximize profits. You attempt to understand the forces within your organization's environment.If the mortgage interest rates increase, this would be an example of changing ________ in your external environment.
A. economic conditions
B. political conditions
C. sociocultural conditions
D. demographic conditions
Answer: A
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Throughout the world, the foreign exchange market is open for business only during the hours of 9 A.M. to 3 P.M., Pacific Standard Time.
a. True b. False
Which of the following statements is true regarding extraordinary items on the income statement?
a. U.S. GAAP prohibits the presentation of extraordinary items on the income statement. b. IFRS prohibits the presentation of extraordinary items on the income statement. c. U.S. GAAP allows extraordinary gains and losses on the balance sheet. d. IFRS allows the classification of gains and losses on the income statement as extraordinary as long as long as they are both unusual in nature and infrequent in occurrence.
If the shipper owns its own truck or air fleet, it becomes a ________ carrier
A) containerized B) private C) contract D) common E) diversified
Research shows that standardized, integrated, and networked technology enhances decision making and performance management.
Answer the following statement true (T) or false (F)