Environmental Scanning Would Be Most Important for Which of the Following

question 13

Multiple Choice

Environmental scanning would be most important for which of the following organizations?

• A)a provider of hospice services for the terminally ill
• B)a web design company catering to small businesses
• C)a neighborhood sewer and water utility
• D)a manufacturer of household linens

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Definitions:

Income Statement

A financial report detailing a company's revenue, cost of goods sold, gross profit, operating expenses, and net income over a specific period.

Managers

Individuals responsible for planning, directing, and overseeing the operations and fiscal health of a business or organization.

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid out.

Accrual Basis

An accounting method where revenue and expenses are recorded when earned or incurred, regardless of when cash is exchanged.