Organisations Respond to Environmental Demands in a Number of Ways

question 27

Multiple Choice

Organisations respond to environmental demands in a number of ways in order to:

• A)reduce the number of administrators and specialists required in scanning units
• B)respond proactively to the environment
• C)avoid expensive transorganisational arrangements
• D)buffer the organisation's technology from external disruptions
• E)be seen as a good corporate citizen

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Definitions:

Current Assets

Resources anticipated to be transformed into cash, sold, or utilized within a year or during the standard operational cycle of the company.

Fiscal Year

A one-year period that companies and governments use for accounting purposes and preparing financial statements, which may not align with the calendar year.

Natural Business Year

A fiscal year that ends when business activities have reached the lowest point in an annual operating cycle.

Formal Accounting Records

Official documents and books that systematically record financial transactions and positions of a business.