Legal and Regulatory Factors in the External Environment Typically Do

question 66

Multiple Choice

Legal and regulatory factors in the external environment typically do not include

• A)minimum wage legislation in low-wage industries (such as nursing homes and fast food restaurants)that employ substantial numbers of relatively unskilled workers.
• B)consumer protection statutes
• C)genetic engineering, nanotechnology, and solar energy technology.
• D)antitrust laws.
• E)occupational health and safety regulations specific to certain industries, such as meatpacking and coalmining, where jobs are hazardous or carry high risk of injury

Understand the concept of process capability index and its application in evaluating process performance relative to specifications.

Understand the fundamental principles of accounting, including the going concern assumption and the business entity assumption.

Identify which accounts contribute to the calculation of net income and understand how different transactions affect it.

Analyze and calculate changes in equity from given financial information.

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Definitions:

Lateral

Pertaining to the side; often used to describe movements, positions, or transfers from one side to another.

Vertical

describes the hierarchical structure of an organization from top level management down to front-line employees, highlighting levels of authority.

Network Design

The planning and structuring of a computer network to meet specific needs and objectives, including layout, technologies, and strategies.

Responsibility

The obligation to carry out duties, make decisions, and be accountable for the outcomes.