A Company Facing a Simple Environment Would

question 7

Multiple Choice

A company facing a simple environment would:

• A) most likely be in the first stage of the environmental cycle
• B) exhibit proof of the punctuated equilibrium theory
• C) be unable to succeed due to lack of innovation
• D) be influenced only by factors in its specific environment
• E) have few external factors in the environment that affect it

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including material and labor expenses.

Time Ticket

A document that indicates the employee, the hours worked, the account and job to be charged, and the total labor cost.

Personal Exemptions

Deductions allowed on individual income tax returns, reducing the amount of income subject to taxation, based on the taxpayer and dependents.

Job Number

An unique identifier assigned to a specific job or project for tracking costs, progress, and billing.