External Environments Are the Forces and Events Outside a Company

question 8

True/False

External environments are the forces and events outside a company that have the potential to influence or affect it.

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Definitions:

Simple Average

The arithmetic mean calculated by adding a group of numbers and then dividing by the count of those numbers.

Revolving Loan

A type of credit that allows the borrower to withdraw, repay, and redraw funds repeatedly up to a certain credit limit.

Average Balance

A calculation used by financial institutions to determine the average amount of money in an account over a specific period, often used to calculate interest charges or eligibility for benefits.

Portfolio

A collection of investments held by an individual or institution.