Two External Factors That Are Elements of an Environmental Scan

question 19

True/False

Two external factors that are elements of an environmental scan are the economic climate and work force demographics

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Definitions:

Frame Shop

A business specializing in creating and selling frames, primarily for artwork and photographs.

Cash Account

A type of account that records all cash transactions, including cash receipts and payments, providing a clear view of a company’s liquid assets.

Transactions Posted

Transactions Posted refers to the process of recording financial transactions in the ledger of an accounting system, ensuring that the financial records are accurate and up-to-date.

Accounts Payable

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received.