Suppliers, Intermediaries, Competitors and Publics Are All Members of Which

question 50

Multiple Choice

Suppliers, intermediaries, competitors and publics are all members of which environment?

• A) competitive environment
• B) external environment
• C) microenvironment
• D) corporate environment
• E) macroenvironment

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Definitions:

Asset

Any resource owned or controlled by a business or an individual that is expected to produce value or benefit in the future.

Unearned Fees

Income received by a business for goods or services yet to be delivered or performed, considered a liability until the service or product is delivered.

Liability

A financial obligation or debt owed by a company or individual to another entity, payable in money, goods, or services.

Account Type

Categories under which financial transactions are recorded, such as assets, liabilities, equity, revenue, and expenses.