Which of the Following Statements Concerning the External Environment Is

question 199

Multiple Choice

Which of the following statements concerning the external environment is TRUE?

• A)Different interest groups use identical criteria to evaluate organizational effectiveness.
• B)Different interest groups seldom make conflicting demands on organizations.
• C)Different parts of an organization will often be concerned with different components of its environment.
• D)The smaller an organization, the more control it is likely to have over its environment.
• E)Customers, suppliers, and employees are all components of an organization's external environment.

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Definitions:

Administrative Expenses

These are the expenses that an organization incurs not directly tied to a specific function such as manufacturing, production, or sales. These expenditures are related to the organization's overall operations and management.

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, used to capture financial activities in the books.

Sacred Church

A term not typically used in finance or accounting; it likely refers to a religious institution considered holy or consecrated.

Life Insurance Receivable

An asset representing the amount due to a beneficiary upon the death of the insured person, or the cash value of a policy owned by a company.