Global factors are outcomes of changes in international relationships, changes in a nation’s economic, political, and legal systems, and changes in technology. The correct answer is D.

Regardless of the type and size, all organizations utilize four main resources. These resources are human, financial, physical, and information.

Substitute products are goods or services that a consumer sees as the same or similar to any other product or services (for example, a substitute product for glasses is contact lenses, and a substitute service is eye surgery).

Stagnation is an economic condition and thus considered to be an economic force.

Managerial forces are not among the major forces that affect management practices.

Mary Parker Follett is not a leading name in the scientific management approach.

Business managers perform some fundamental functions such as planning, organizing, leading/influencing, and controlling. Evaluating is not a function of management.

Work development is not one of the principles and advantages of Weber’s ideal bureaucracy.

The intended financial efficieny of a business is displayed on budgets. Budgets link planned activities with the resources needed to accomplish them. Budget type differs according to the purpose and the activity that they are relevant to. Some are related to operational activities while some plan the capital expenditure for a given period of time. Master budget covers the entire financial plan fort he intended operations and activities of a business.