The Factor That Distinguishes an Internal Environment of an Organization

question 21

Multiple Choice

 The factor that distinguishes an internal environment of an organization from an external environment is that:

• A) the internal environment consists of the general environment and the task environment.
• B) the internal environment includes owners, the board of directors, employees, and culture.
• C) the internal environment includes entities that directly affect a firm on a continuous basis.
• D) the internal environment consists of the technological, economic, and sociocultural factors.

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Definitions:

Accountant

An expert tasked with handling the financial activities involving the gathering, precision, documenting, scrutinizing, and showcasing of a company, entity, or person's financial processes.

Financial Statements

Reports that provide detailed information about a company's financial performance, including balance sheets, income statements, and cash flow statements.

Common Law Fraud

A cause of action under tort law that involves misrepresentation, deceit, or concealment by one party to induce another to part with something of value or surrender a legal right.

Privity

The relationship between parties that is necessary for the enforcement of contracts, ensuring that only parties involved in the contract can sue or be sued under its terms.