Recognizing Opportunities and Threats in the External Environment Is Vital

question 70

Multiple Choice

Recognizing opportunities and threats in the external environment is vital to firm success.Complexity and rapid evolution make it critical for employees and managers to become more aware of ________ trends and events.

• A) internal
• B) outside
• C) environmental
• D) human resource

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Definitions:

Controlling Account

An account in the general ledger that summarizes the detail contained in a subsidiary ledger.

Cost Ledger

A ledger that keeps track of the costs of production, including direct materials, direct labor, and manufacturing overhead.

Jobs Shipped

The completed work projects or orders that have been sent to the customer.

Finished Goods

Products that have completed the manufacturing process and are ready to be sold.