Technological Factors Are a Part of a Firm's ______ Environment

question 55

Multiple Choice

Technological factors are a part of a firm's ______ environment.

• A) Industry
• B) Operating
• C) Economic
• D) Remote

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Definitions:

Inventory

The total amount of goods and materials held by a business to be sold or used in production, including raw materials, work-in-progress, and finished goods.

Accounts Payable

Financial obligations that a company has to its vendors, recorded as liabilities on the company's balance sheet.

Accounts Receivable

Amounts receivable by a firm for goods or services rendered to customers, awaiting payment.

Fixed Asset Investment

The acquisition of long-term physical assets by a company to be used in its operations for generating income.