Quiz #2 - OrgMan

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

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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?

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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?

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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.

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OFF

Answer explanation

Demographic Transition

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

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OFF

Answer explanation

Partnership

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

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OFF

Answer explanation

Corporation