The Five Basic Entities That Make Up Any Business Are

question 27

Multiple Choice

The five basic entities that make up any business are suppliers, customers, employees, products and services, and:

• A)its environment.
• B)manufacturing and production.
• C)sales and marketing.
• D)invoices and payments.

---

Definitions:

Attrition Effects

The impact on research findings from participants dropping out of a study over time, potentially biasing the results.

Generalize

To generalize means to make a broad statement or rule that applies beyond the original context, based on observations from specific examples.

Cognitive Task

refers to a specific activity or exercise designed to assess or enhance cognitive functions, such as memory, attention, or problem-solving skills.

External Validity

The degree to which the results of a study can be generalized or extended to other contexts, settings, or populations.