Forces That Occur Outside of the Business That Affect the Business

question 39

Multiple Choice

Forces that occur outside of the business that affect the business and its owner are referred to as ______.

• A) financial factors
• B) controlled factors
• C) environmental factors
• D) internal factors

---

Definitions:

NSF Check

A check that cannot be processed because the drawer's account does not have sufficient funds.

Outstanding Checks

Checks that have been written and recorded in the issuer's accounting system but have not yet been cashed or cleared by the bank.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure consistency.