Which of the Following Is a Factor of the External

question 37

Multiple Choice

Which of the following is a factor of the external environment in an organization?

• A) Leadership bench strength
• B) Organizational culture
• C) Quality of talent
• D) Competitive forces

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Definitions:

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance expenses.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including charges like lease payments, wage bills, and insurance fees.

Net Income

The total profit of a company after all expenses, including taxes and operational costs, have been deducted from total revenue.

Variable Costs

Expenses that vary directly with the level of production or service delivery.