The Economic Dimension of the General Environment Is Not Relevant

question 50

True/False

The economic dimension of the general environment is not relevant for not-for-profit organisations because they are not concerned with making profits and operate the same way under all economic conditions.

---

Definitions:

Ending Inventory

The total value of a company's merchandise, raw materials, and products left unsold at the end of an accounting period.

Moving Average

A statistical measure used to analyze data points by creating a series of averages of different subsets of the full data set.

Cost Of Goods Sold

Represents the direct costs attributable to the production of the goods sold in a company.