In 2015,the Chinese stock market had a major decline that spread around the world.Companies with financial controls,that foresaw a major adjustment coming,accumulated cash and were prepared to buy back their own shares at low prices and help prevent their stock from sliding down further.The controls helped the company
A) cope with organizational complexity.
B) adapt to environmental change.
C) limit the accumulation of errors.
D) minimize costs.
E) cope with multiple control standards.

Question

Quizplus · Accepted Answer

The company's financial controls allowed them to adapt to the environmental change of the major decline in the stock market by accumulating cash and buying back their own shares at low prices. This helped prevent their stock from sliding down further, indicating an ability to adapt to changes in the external environment.

In 2015,the Chinese Stock Market Had a Major Decline That