The General Environment Profiles a Number of Important Trends, Among

question 38

True/False

The general environment profiles a number of important trends, among which are economic trends including the rate of inflation, interest rates and even currency exchange rates, all of which promote or discourage business growth.

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Definitions:

Surplus

The condition when supply exceeds demand, leading to excess goods or services being available.

White Water Rafting

A recreational outdoor activity which uses an inflatable raft to navigate a river or other body of water with varying degrees of rough water.

Unit Cost

Unit cost is the total expenditure incurred to produce, store, and sell one unit of a product or service, including both fixed and variable costs.

U.S. Tax System

The structured collection of taxes imposed by the federal, state, and local governments in the United States, including income, sales, and property taxes.