What Major External Business Force to a Significant Extent Determines

question 6

Multiple Choice

What major external business force to a significant extent determines what acceptable business practices for the organization are?

• A)Customers
• B)Suppliers
• C)Governments
• D)Shareholders
• E)Society

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Definitions:

Voting Shares

Shares that give the stockholder the right to vote on matters of corporate policy making and the election of the board of directors.

Impairment Loss

A charge recognized when the carrying amount of an asset exceeds its recoverable amount, indicating a permanent reduction in the valuation of a company's asset.

Consolidated Balance Sheet

A financial statement showing the total assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as if they were a single entity.

Acquisition Differential

The difference between the cost of acquiring a company and the fair value of its identifiable net assets.