The ________ Environment Consists of Institutions and Other Forces That

question 25

Multiple Choice

The ________ environment consists of institutions and other forces that affect a society's basic values, perceptions, preferences, and behaviors.

• A) social
• B) cultural
• C) political
• D) physical
• E) natural

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Definitions:

Subsidiary Ledger

A subsidiary ledger is a group of similar accounts whose totals summarize into a single amount shown in the general ledger, aiding detailed financial analysis and tracking.

Fraud Triangle

The fraud triangle is a model that explains the factors that lead individuals to commit fraud: pressure, opportunity, and rationalization.

Financial Pressure

The stress or strain on a company's cash flow or finances, which can impact its operational capabilities and financial stability.

Opportunity

A situation or condition favorable for the attainment of a goal.