Multiple Choice
Which of the following is a feature of the corporate form of business ownership?
25
views
1. Introduction to Accounting
Business Organization
Struggling with Financial Accounting?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which of the following is an element of an organization's internal environment?
A
Economic trends
B
Technological advancements in the industry
C
Organizational culture
D
Government regulations
Verified step by step guidance1
Understand the concept of an organization's internal environment: It refers to factors within the organization that influence its operations, such as organizational culture, employee behavior, and internal processes.
Differentiate between internal and external environments: External environment includes factors outside the organization, such as economic trends, technological advancements, and government regulations. Internal environment focuses on elements within the organization.
Analyze the options provided: Economic trends, technological advancements, and government regulations are external factors, as they originate outside the organization and impact it indirectly.
Focus on organizational culture: Organizational culture is an internal factor because it encompasses the values, beliefs, and practices shared by members of the organization, directly influencing its operations and decision-making.
Conclude that organizational culture is the correct answer, as it is an element of the internal environment, while the other options are part of the external environment.
Related Videos
Related Practice
Business Organization practice set
Problem sets built by lead tutorsExpert video explanations