Which of the Following Is Part of the External Environment

question 67

Multiple Choice

Which of the following is part of the external environment for a distributor of aquariums and everything needed to set up aquariums including tropical fish and plants?

• A) Employees who care for fish before they are sold to retailers
• B) Competitors who carry the same aquarium equipment
• C) The financial resources needed to create the proper environment for breeding the fish
• D) The participative organizational culture the distributor has
• E) The distributor's privately-owned warehouse for storing the aquarium equipment

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Definitions:

Payroll Activities

The administrative tasks associated with processing employee wages, withholding taxes, and ensuring the accurate calculation of pay.

Payroll Tax

Taxes that are imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

FICA Taxes

Taxes mandated by the Federal Insurance Contributions Act, which fund Social Security and Medicare, split between employers and employees.

Federal Income Taxes

Charges imposed by the national government on the yearly income of persons, businesses, trusts, and other legal bodies.