With Respect to the Environment in Which a Business Operates

question 82

Multiple Choice

With respect to the environment in which a business operates, factors such as competition, political and legal forces, and economic climate would all be classified as

• A) controllable elements.
• B) uncontrollable elements.
• C) tractable elements.
• D) demographic elements.
• E) cultural elements.

Identify the visions for the Reconstruction-era southern economy.

Assess the societal and economic effects of the Civil War on planter families and the broader southern society.

Understand the role and transformation of the black church during Reconstruction.

Analyze the establishment and legacy of African-American education and family structures post-Civil War.

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Definitions:

Variable Cost

Variable costs are expenses that change in proportion to the activity of a business, such as materials and labor costs.

Fixed Manufacturing Overhead

Consists of production costs that do not change with the volume of manufacturing activity, such as rent for the manufacturing facilities or salaries of plant managers.

Deferred

Postponed or delayed, often referring to expenses or revenues that are recognized at a date later than when they were incurred or earned.

Released

The action of making something available to the public, such as a product, movie, or software.