Which of the following best defines environmental uncertainty?
A) the amount of innovation and creativity in an organization's internal environment
B) the amount of resources and expertise in an organization's internal environment
C) the amount of change and confidence in an organization's external environment
D) the amount of change and complexity in an organization's external environment
Answer: D
Explanation: Environmental uncertainty is a measure of two things: change in an organization's environment with respect to its market, its products, its position in the market, and so on; and the amount of complexity it faces in its market as measured by the number of competitors, customers, suppliers, and so on.
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Information sources that are generated for the particular problem being studied are best described as:
A) primary sources. B) secondary sources. C) quantitative sources. D) qualitative sources.
Nations following the theory of ________ believed that the world's wealth was limited and that a nation could increase its share of the pie only at the expense of its neighbors
A) absolute advantage B) comparative advantage C) mercantilism D) factor proportions