Which of the following describes a dynamic environment?
A) Sales vary with the seasons.
B) Production methods have changed gradually over the last 25 years.
C) Competitors move into and out of the industry frequently.
D) Product demand increases every year on a steady upward trend.
Question 2
Assume the global economy rebounds rapidly from the Great Recession. What constraint is this likely to have on decisions managers make?
A) Qualified job candidates will become fewer and fewer.
B) Managers will be asked to eliminate positions to cut labor costs.
C) The hourly compensation average will have to fall; managers will be asked to offer less to job candidates.
D) Positions will be easier to fill as college graduates settle for lower paying jobs.
Evolutionary adaptation to a new environment via natural selection.
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