QUESTION 51 Organizations flourish when the needs satisfied by them are no longe

Question

QUESTION 51

Organizations flourish when the needs satisfied by them are no longer important.

True

False

1 points   

QUESTION 52

Entrepreneurship is the process by which people recognize opportunities to satisfy needs and then gather and use resources to meet those needs.

True

False

1 points   

QUESTION 53

Value creation by an organization takes place at three stages: input, conversion, and output. Out of these three stages, only the conversion stage is affected by the environment in which the organization operates.

True

False

1 points   

QUESTION 54

In general, stakeholders are motivated to participate in an organization if they receive inducements that exceed the value of the contributions they are required to make.

True

False

1 points   

QUESTION 55

Shareholders are not a part of inside stakeholders.

True

False

Explanation / Answer

51. true - when the organisation thinks the needs satisfied by them are no longer important then the organisation flourish.

52.true - it is a willingness to take risks and develop business in a competitive market.

53.false -all the three stages (each stage) is affected by the environment in which the organisation operates.

54.true- yes ,share holders are motivated to participate if they receive inducements exceeding the contributions they required to made.

55.false - the term stakeholders includes shareholders.

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