Actions of Suppliers, Distributors, Customers, and Competitors Can Affect Managers

question 56

Multiple Choice

Actions of suppliers, distributors, customers, and competitors can affect managers' ability to obtain resources and dispose of outputs, and thus, have a significant impact on the company's

• A)socioeconomic environment.
• B)short-term decision making.
• C)political influence.
• D)power distance.

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Definitions:

Retained Earnings

The portion of net income that is retained by the corporation rather than distributed to its owners as dividends.

Additional Paid-In Capital

Additional paid-in capital is the amount of money that shareholders have paid for shares above the stated par value during issuance, representing excess funds contributed by shareholders.

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including both public investors and corporate insiders.