_____ Information Describes the Environment Surrounding the Organization

question 98

Multiple Choice

_____ information describes the environment surrounding the organization.

• A)Objective
• B)Subjective
• C)External
• D)Internal

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Definitions:

Labour

The physical and mental effort used in the production of goods and services.

Equipment

Tools, machinery, or other apparatus necessary for the performance of specific tasks.

Zero-based Budget

A budgeting method that starts from zero each new period, requiring all expenses to be justified for each new period.

Monthly Operating Budget

A financial plan that outlines expected income and expenses for a business over a one-month period, helping to manage resources and achieve financial goals.