_____ Includes All Elements Existing Outside the Boundary of the Organization

question 4

Multiple Choice

_____ includes all elements existing outside the boundary of the organization that have the potential to affect the organization.

• A) Organizational environment
• B) Internal environment
• C) Task environment
• D) General environment
• E) Technological environment

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Definitions:

Balance Sheet

A report detailing a company's assets, liabilities, and shareholders' equity at a particular moment, providing an overview of its financial health.

Unearned Rent

Unearned rent is money received by a landlord for rent that has not yet been earned because the rental period has not occurred. It is recorded as a liability until the period passes.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.

Depreciation Expense

A technique for spreading out the expense of a physical asset throughout its lifespan.