Which of the Following Environments Affects All Organizations

question 81

Multiple Choice

Which of the following environments affects all organizations?

• A)the global environment  
• B)the national environment  
• C)the general environment  
• D)the formal environment

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Definitions:

Cheque Clearing

The process by which banks settle transactions made by cheques, transferring funds from the issuer's account to the payee's account.

Total Collection Time

The total time taken from issuing an invoice to the receipt of payment from customers.

Customer Cheques

Checks issued by customers as a method of payment for goods or services received.

Monthly Statements

Regular summaries provided to customers, detailing account activity, balances, and other financial information on a monthly basis.