In the context of the internal and external forces that affect business, which of the following is a difference between stable environments and dynamic environments?
A. The stable environment of a company is only related to the external factors affecting the company, whereas the dynamic environment of a company is only related to the internal factors affecting the company.
B. In stable environments, fundamental changes are observed in the environment, whereas in dynamic environments, incremental changes occur.
C. In stable environments, the rate of environmental change is slow, whereas in dynamic environments, the rate of environmental change is fast.
D. Companies with stable environments experience changing customer preferences and attitudes, whereas companies with dynamic environments experience a fixed set of customer needs.
Answer: C. In stable environments, the rate of environmental change is slow, whereas in dynamic environments, the rate of environmental change is fast.
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Which of the following is a potential problem with the objective/task method of setting a budget?
A. It assumes that marketing activities result from demand. B. It is rarely used by major advertisers and is therefore unfamiliar and alienating to consumers. C. It assumes a static external environment and renders marketing strategies inflexible. D. It does not permit the quick and ready measurement of the success of an ad campaign. E. It requires determining in advance the amount of money needed to reach a specific goal.
There are three simple procedures that small business owners should do on a timely basis to prevent fraud when they can't afford sufficient employees to guarantee effective segregation of duties.. Which of the following is NOT one among them?
a. Pay everything by check so that there is a record. b. Always open the bank statement and reconcile it themselves. c. Allow one key employee to operate the bank account personally. d. Sign every check themselves and not delegate the signing to anyone else.
A company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $150,000. The present value of the future cash flows generated by the project is $145,000. Should they invest in this project?
A) yes, because the rate of return on the project exceeds the desired rate of return used to calculate the present value of the future cash flows. B) no, because the rate of return on the project is less than the desired rate of return used to calculate the present value of the future cash flows. C) no, because net present value is +$5,000 D) yes, because the rate of return on the project is equal to the desired rate of return used to calculate the present value of the future cash flows.
Ethical concerns over managerial attempts to manage organisational culture in order to shape employee behaviour, centres on the extent to which it seeks to create of employees which of the following:
a. willing slaves b. robots c. passive actors d. unthinking individuals