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:

Static Planning Budget

A budget based on a fixed level of activity and does not change in response to variations in the level of actual activity.

Revenue Variance

Variation between the projected revenue and the actual revenue earned by a business.

Spending Variances

Differences between the budgeted or standard cost of costs and the actual costs incurred, often analyzed in terms of overhead and materials spending.

Patient-Visits

The number of individual visits or consultations made by patients to a healthcare facility or provider for services.