Match the Following Terms with Their Correct Definitions

question 168

Multiple Choice

Match the following terms with their correct definitions.
-Possible external threats to the organization's success in accomplishing its goals

• A)Accounting system
• B)Business process risks
• C)Control activities
• D)Control environment
• E)Internal control system
• F)Safeguarding
• G)Segregation of duties
• H)Strategic risks

---

Definitions:

Output

The amount of goods or services produced by a company, industry, or economy within a specified period.

Profit-Maximizing

A strategy where a firm determines the price and production level that generates the highest possible profit.

MRP

The additional revenue a firm gains from hiring an additional unit of input, such as labor, in the production of goods.

MRC

Marginal Revenue Cost, NO.