Meaning: 'Nature' refers to the fundamental qualities or characteristics of something, in this case, organizations.

Wrong options:

• behavior: 'Behavior' refers to the actions or reactions of organizations, which does not fit as it does not describe their inherent qualities.
• investigation: 'Investigation' is a noun that implies a process of inquiry, which does not relate to the characteristics of organizations.
• peril: 'Peril' means danger or risk, which is unrelated to the context of discussing organizational characteristics.
• obligations: 'Obligations' refers to duties or responsibilities, which does not describe the inherent qualities of organizations.
• functions: 'Functions' refers to the roles or activities of organizations, which does not fit as it does not describe their characteristics.

Correct answer: functions

Explanation: The term 'functions' refers to the specific roles and activities that management undertakes within an organization. It fits grammatically as a plural noun that complements the phrase 'management __BLANK 2__ and responsibilities.'

Meaning: 'Functions' are the specific tasks or roles that management is responsible for within an organization.

Wrong options:

• behavior: 'Behavior' refers to the actions of individuals or organizations, which does not fit as it does not describe management roles.
• investigation: 'Investigation' implies a process of inquiry, which is not relevant to the context of management roles and responsibilities.
• nature: 'Nature' refers to the inherent characteristics of organizations, which does not relate to management activities.
• peril: 'Peril' means danger or risk, which is unrelated to the context of management roles.
• obligations: 'Obligations' refers to duties or responsibilities, which does not specifically describe the roles of management.

Correct answer: behavior

Explanation: The word 'behavior' refers to the actions and reactions of organizations in response to various environmental factors. It fits grammatically as a noun that completes the phrase 'organizational __BLANK 3__.'

Meaning: 'Behavior' refers to the way organizations act or respond to internal and external influences.

Wrong options:

• investigation: 'Investigation' implies a process of inquiry, which does not relate to the actions of organizations.
• nature: 'Nature' refers to the inherent characteristics of organizations, which does not fit as it does not describe their actions.
• peril: 'Peril' means danger or risk, which is unrelated to the context of organizational actions.
• obligations: 'Obligations' refers to duties or responsibilities, which does not describe the actions of organizations.
• functions: 'Functions' refers to the roles or activities of organizations, which does not fit as it does not describe their actions.