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Laws and Regulations of Various Governments and Their Ongoing Development

question 81

Multiple Choice

Laws and regulations of various governments and their ongoing development and change are an example of _____ factors that are part of all organizations' external environment.


Definitions:

Operating Income

Earnings before interest and taxes (EBIT), an indicator of a company’s profitability from its core business operations.

Fixed Overhead

Costs that do not change with the level of output, including rent, salaries, and insurance premiums.

Administrative Costs

Expenses that are not directly tied to production or sales, such as office expenses, salaries of administrative personnel, and legal fees.

Incremental Income

The additional income that is generated as a result of a specific business decision or activity.

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