What factors, or core categories, impact environmental complexity?
What will be an ideal response?
Answer: Environmental complexity involves the breadth and depth of differences and similarities in an organization's external environment. Complex environments have greater depth and breadth of differences than do simple environments. The differences and similarities can be assessed along many dimensions, but there are several core categories: products, customers, technology, competitors, suppliers, and geography.
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The _____ component of the specific environment of an organization consists of rules that govern the business practices and procedures of specific businesses and professions.
A. sociocultural B. media advocacy C. industry regulation D. business confidence
Which of the following decision rules is a correct statement?
A. If the net present value is positive, do not invest in the capital asset. B. If the internal rate of return is less than the required rate of return, invest in the asset. C. Investments with longer payback periods are more desirable, all else being equal. D. If the net present value is positive, invest in the capital asset.