Which of the Following Statements Concerning the External Environment Is

question 199

Multiple Choice

Which of the following statements concerning the external environment is TRUE?

• A)Different interest groups use identical criteria to evaluate organizational effectiveness.
• B)Different interest groups seldom make conflicting demands on organizations.
• C)Different parts of an organization will often be concerned with different components of its environment.
• D)The smaller an organization, the more control it is likely to have over its environment.
• E)Customers, suppliers, and employees are all components of an organization's external environment.

Understand the implications of activity-based costing for external financial reporting.

Recognize the limitations and challenges of implementing activity-based costing.

Understand the notion of activity-based management and its focus on eliminating waste.

Differentiate between traditional costing and activity-based costing systems.