Any Group Within or Outside the Organization That Has a Stake

question 137

Multiple Choice

Any group within or outside the organization that has a stake in the organization's performance is called:

• A) a supplier.
• B) an international customer.
• C) a stakeholder.
• D) OPEC.
• E) a trade association.

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Definitions:

Internally Generated

Assets or resources that are created within an organization, without acquiring them from external sources.

Gain On Sale

The profit received from selling a capital asset for more than its purchase price.

Plant Asset

A long-term asset used in the production of goods or services, not expected to be consumed or converted into cash within a year.

Book Value

The worth of an asset as reported in the balance sheet, determined by subtracting any depreciation from the asset's initial cost.