Which One of the Following Represents the Highest Level of Environmental

question 102

Multiple Choice

Which one of the following represents the highest level of environmental uncertainty?

• A) Mario's restaurant competes against 325 others in the city; the city's ethnic mix is constantly changing.
• B) Maria's is still the only restaurant in a small town. She took it over from her mother and still uses the same equipment.
• C) Millie's customers expect to see new menu items regularly and want Millie to install Wi-Fi.
• D) Marty has to deal with the local council, the health department, the franchisor, the zoning commission-the list keeps growing. He is grateful there are no new competitors moving in.

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Definitions:

Collections

Collections refer to the process of pursuing payments of debts owed by individuals or businesses, often conducted by dedicated departments or external agencies.

Sales

The total revenue a company generates from selling goods or services over a specific time period.

Accounts Receivable Period

The average amount of time it takes for a company to receive payments owed by its customers for goods or services provided.

Inventory

The raw materials, work-in-progress products, and finished goods that a company holds for the purpose of sale in the future.