All of the Following Are True Statements Regarding Environmental Uncertainty

question 48

Multiple Choice

All of the following are true statements regarding environmental uncertainty EXCEPT:

• A) most organisations encounter relatively little uncertainty in their environments.
• B) there is a lack of complete information concerning what developments will occur in the external environment.
• C) environmental uncertainty makes it difficult to understand potential implications for the organisation.
• D) complexity refers to the number of different factors that exist in the environment.
• E) the rate of change in factors in the environment is one component of environmental uncertainty.

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Definitions:

Credit Sale

A transaction where the payment for the purchased goods or services is deferred to a future date.

Credit Applicant

A Credit Applicant is an individual or business entity that applies for a loan or line of credit from a lending institution.

Credit Agencies

Organizations that assign credit ratings for issuers of certain types of debt securities, with the ratings based on the issuer's ability to pay back debt.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.