Match the Options Below with the Correct Phrases

question 65

Multiple Choice

Match the options below with the correct phrases:
-environmental scanning

• A)firms that offer similar products in the organization's marketplace
• B)forces such as climate, weather, geography and geology that affect how businesses operate and locate their operations
• C)a system that regularly affects and is affected by various and constantly changing forces outside itself
• D)available, qualified, and potential employees
• E)the providers of resources to produce goods and services
• F)all forces outside an organization's borders that interact directly or indirectly with it
• G)company's expertise evolved over time
• H)organizational experience, wisdom, knowledge, and expertise
• I)the general framework of statutes enacted by legislatures
• J)internal and external users or consumers of goods and services
• K)influences and contributions from diverse groups outside an organization
• L)employee's feelings about work
• M)elements within organization's borders that managers create, acquire and utilize
• N)owners, employees, customers, and suppliers
• O)conditions that influence management decisions and the costs and availability of resources
• P)the combined effects of processes, materials, knowledge, and other discoveries resulting from research and development activities
• Q)the surveillance of outside areas and factors
• R)gives an organization its distinct culture
• S)domestic, and foreign economic, legal/ political, sociocultural, and natural forces
• T)collecting information about the external environment
• U)an organization's owners, customers, and external labor pool
• V)organizations not defined by external boundaries

Grasp the basic principles of debit and credit and their impact on account balances.

Analyze and journalize business transactions and understand their effect on the accounting equation.

Compare and contrast accounting conventions and practices under GAAP and IFRS.

Understand the principles of double-entry accounting and the normal balance for various types of accounts.

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Definitions:

Relational Organizational Hypothesis

Relational Organizational Hypothesis suggests that complex information can be stored and remembered more efficiently by organizing it based on the relationships among the items.

Visual Imagery

Visual imagery involves the mental visualization of objects, scenes, or events without their actual presence, engaging the mind's 'eye'.

Enhance Memory

Techniques or practices aimed at improving the ability to remember information or experiences.

Declarative Memory

A memory system thought to contain knowledge, facts, information, ideas, or anything that can be recalled and described in words, pictures, or symbols.