The General Environment of an Organization's External Environment Contains International,labor,customer,competitor,and

question 68

True/False

The general environment of an organization's external environment contains international,labor,customer,competitor,and supplier components.

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Definitions:

Functional Currency

The currency of the primary economic environment in which a company operates, used in its financial reporting.

Subsidiary

A company controlled by another company, often referred to as the parent company, through ownership of more than half of its stock.

U.S. Dollar

The official currency of the United States, commonly used worldwide as a standard of exchange.

Functional Currency

The main currency used by a business or unit within a company for accounting purposes, reflecting the primary economic environment in which it operates.