The Five Broad Categories That Make Up the External Environment

question 33

True/False

The five broad categories that make up the external environment are (1) economic, (2) social and cultural, (3) legal, political and ethical, (4) natural and (5) technical.

Explain the mechanisms through which individuals and groups experience social mobility.

Identify the factors contributing to the creation and maintenance of the upper-upper class.

Understand the relationship between technology, economy, and changes in social stratification.

Grasp the global nature of social inequality and its consequences.

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Definitions:

Statement Of Owner's Equity

A financial document that shows changes in the owner's equity account over a period, including contributions, withdrawals, and the business's net income or loss.

Current Year

The period of time from January 1 to December 31 of the present calendar year.

Statement Of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Interrelationship

A connection or relation between two or more things, often examined to understand how changes in one aspect can affect others.