InGen Inc Implements the Use of Social Media, Digital Sharing of of Presentations

question 133

Multiple Choice

InGen Inc. implements the use of social media, digital sharing of presentations, data, files, and holds regular virtual meetings. This indicates that the firm has reasonably well-equipped _____ conditions in the organizational environment.

• A) natural
• B) technological
• C) legal
• D) sociocultural
• E) political

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Definitions:

Journal

A log where every financial transaction is first recorded in the order of occurrence.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including loans, bonds payable, and accounts payable.

Ledger

A book or other collection of financial accounts of a particular type, where transactions are recorded.

Normal Balances

The side (debit or credit) of an account that is increased, reflecting the account's natural balance.