Which of the Following Statements Does NOT Describe a Characteristic

question 176

Multiple Choice

Which of the following statements does NOT describe a characteristic of an organization's external environment?

• A) It includes specific,identifiable organizations and factors of interest to the organization.
• B) It is composed of general and task components.
• C) The boundary between the organization and its environment is quite specific and clearly defined.
• D) It contains some nonspecific dimensions and forces that can affect organization activities.
• E) It includes everything outside of the organization that might potentially affect it.

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Definitions:

Noncurrent Asset

Long-term resources owned by a company, expected to provide value for more than one year, such as property, plant, and equipment.

Allowance Method

The allowance method is an accounting technique used to account for uncollectible receivables, allowing companies to estimate bad debts as an expense.

Direct Write-Off Method

An accounting procedure where uncollectible accounts receivable are directly written off against income at the time they are deemed noncollectible.

Noncurrent Asset

Assets intended for use over a long term, such as property, plant, and equipment, that are not expected to be converted into cash within a year.