The ________ is the set of forces surrounding an organization that has the potential to affect the way it operates and its access to scarce resources.
A) global environment
B) hierarchy
C) economy
D) organizational environment

Question

Quizplus · Accepted Answer

The term "organizational environment" refers to the external factors (such as suppliers, customers, competitors, regulators, and societal norms) that can influence the operations of an organization and its ability to obtain the resources it needs to function effectively. The global environment (choice A) refers to the larger economic, political, social, and cultural forces that affect multiple organizations and industries around the world. Hierarchy (choice B) refers to the formal or informal power structure within an organization. The economy (choice C) is a major part of the global environment and can have a significant impact on the organizational environment, but it is not synonymous with the organizational environment itself.

The ________ Is the Set of Forces Surrounding an Organization