Which of the Following Is NOT Considered to Be a Part

question 35

Multiple Choice

Which of the following is NOT considered to be a part of the external environment based on the Congruence Model of Effectiveness?

• A) company's financial position
• B) labor market
• C) government regulations
• D) customer trends
• E) none of the above

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Definitions:

Days' Sales in Inventory

A financial metric that indicates the average number of days it takes for a company to turn its inventory into sales.

Erratic Changes in Costs

Sudden and unpredictable fluctuations in the cost of materials, labor, or other operational expenses.

Inventory Valuation

The method used to assess the cost or market value of inventories at hand for financial reporting purposes.

Cost of Goods Available for Sale

The total cost of goods produced or purchased and ready for sale during a specific period, including beginning inventory plus purchases or manufacturing costs.