Quiz #2 - OrgMan

It is the process of gathering information about events and relationships that may affect an organization.

Answer explanation

Environmental scanning is the gathering of information about internal and external factors that may affect the company and its future direction.

Capital resource is a form of:

• internal factor

• external factor

Technological factor is a form of:

• internal factor

• external factor

Answer explanation

https://www.indeed.com/career-advice/career-development/external-environment-factors

Intellectual property is a form of:

• internal factor

• external factor

Answer explanation

https://www.indeed.com/career-advice/career-development/external-environment-factors

Taxation and employment laws are a form of:

• internal factor

• external factor

Answer explanation

https://www.indeed.com/career-advice/career-development/external-environment-factors

What do you call the phase of economic growth when people migrate from rural to urban areas?

Answer explanation

Process of Urbanization

What do you call the phase of economic development when the gross domestic product increases due to increase in jobs and agricultural activities?

Answer explanation

Structural Transformation

It is a phase in the economic development wherein the life expectancy and population od a group of people is vastly changing and is being studied.

Answer explanation

Demographic Transition

A form of business structure where people distribute and share both income and losses among themselves.

Answer explanation

Partnership

A legal entity that is separate and distinct from its owners.

Answer explanation

Corporation