Which of the Following Is NOT Considered an Uncontrollable Environmental

question 41

Multiple Choice

Which of the following is NOT considered an uncontrollable environmental factor?

• A) competition
• B) social and cultural factors
• C) political factors
• D) promotion
• E) economy

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Definitions:

AASB 137

An accounting standard that provides the accounting treatment and disclosure for provisions, contingent liabilities, and contingent assets.

Comparative Information

Financial data presented for multiple periods, allowing users to identify trends, measure performance, and make comparisons over time.

Unused Amounts

Portions of a line of credit or loan commitment that have not been borrowed as of a particular point in time.