The Combination of the Degree of Complexity and the Degree

question 92

Multiple Choice

The combination of the degree of complexity and the degree of change existing in an organization's external environment is/are called

• A) strategic factors.
• B) strategic issues.
• C) environmental uncertainty.
• D) strategic fit.
• E) scenarios.

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Definitions:

On Account

Refers to purchases made or services rendered on a credit basis, implying that payment will be made at a future date.

Raw Materials Inventory

Stocks of basic materials that are used in the production process before undergoing manufacturing.

Work-in-Process Inventory

This refers to the goods that are in the middle of the manufacturing process but are not yet completed.

Manufacturing Overhead-Control

An account that aggregates all indirect manufacturing costs, used to control and allocate overhead costs during production.