Identify at Least Four Forces in the General Environment of Organizations

question 38

Essay

Identify at least four forces in the general environment of organizations and provide an example of each for an industry or business.How do these forces differ from the external stakeholders in the task environment?

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Definitions:

Recording Process

The systematic method of capturing all relevant financial transactions of a business for accounting and reporting purposes.

Perpetual Inventory System

An inventory management method where records of inventory quantities are updated in real-time after every transaction.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the difference between the buying and selling prices.