A Change in the Way an Organisation Does Business Because

question 89

Multiple Choice

A change in the way an organisation does business because of employees' pursuit of healthy lifestyles is an example of which factor of an organisation's general environment?

• A)demographic
• B)economic
• C)competitive
• D)technological
• E)sociocultural

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Definitions:

Accounts Receivable

Accounts receivable represents money owed to a company by its customers for goods or services delivered but not yet paid for, classified as a current asset on the balance sheet.

Transfer Prices

Prices used for transactions between divisions of the same company, often used for budgeting and taxation purposes.

Actual Costs

The real costs incurred by a business, including all expenses related to production, operation, and maintenance.

Standard Costs

Predetermined costs for materials, labor, and overhead used in budgeting and assessing performance by comparing them to actual costs.