In formulating and implementing strategy in the social economy, managers must ensure that their actions, in addition to guiding the economic activity of the not-for-profit (NFP), effectively respond to the following:
A. Maintain the balance between the economic base and the social mission and goals
B. Enhance the vitality of the organization
C. Maintain the atmosphere of collective entrepreneurship
D. Enhance the rootedness of the organization
E. All of the above
Ans: E. All of the above
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While setting up his new office, an attorney ordered thick, frieze carpets for the floor. However, the building inspector had him remove the expensive carpeting. The building inspector stated that according to federal law, the office must be wheelchair accessible as it is a public area. He further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. This scenario illustrates how an organization is influenced by the _____ component of its specific environment.
Question options: sociocultural economic/demographic technological industry regulation
An efficient market is one where ________
A) prices of stocks move up and down widely without apparent reason B) prices of stocks remain low for long periods of time C) prices of stocks are unaffected by market news D) the price of a security is an unbiased estimate of its true value