Ally's Applesauce Is in the Process of Hiring Sixty New

question 36

Multiple Choice

Ally's Applesauce is in the process of hiring sixty new workers. The personnel department has a large pool of unskilled labor to draw from due to the high unemployment rate in the local area. Which dimension of the external environment is involved here?

• A) Sociocultural
• B) Competitors
• C) Technological
• D) Labor market
• E) Legal-political

---

Definitions:

Periodic Inventory System

An accounting method where inventory is updated and cost of goods sold is calculated at the end of an accounting period.

FIFO

FIFO stands for "First-In, First-Out," an inventory valuation method where goods first acquired are sold or used first, ensuring that older inventory is used before newer inventory.

Ending Inventory

The aggregate worth of merchandise ready for purchase at the conclusion of a financial period.

Periodic Inventory System

An inventory management method where the inventory balance is updated at specific intervals, typically at the end of an accounting period, rather than continuously.