All of the Following Are Examples of External Factors That

question 113

Multiple Choice

All of the following are examples of external factors that should be considered part of the task environment facing an organization except:

• A) competitors
• B) employees
• C) customers
• D) suppliers

Apply cost estimates to calculate budget variances.

Interpret and calculate revenue variances in a budget performance context.

Explain how different measures of activity (e.g., patient-visits, machine-hours, tenant-days) affect budget variances.

Understand and calculate flexible budget variances for different cost categories.

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Definitions:

Continuing Operations

Refers to the business activities that are expected to continue into the foreseeable future, as opposed to those that are being discontinued.

Discontinued Operations

The disposal of a significant component of a business.

Generally Accepted Accounting Principles

A set of accounting standards and procedures used in the United States to govern financial reporting and ensure consistency across organizations.

Quality Of Earnings

An assessment of the degree to which a company's earnings are considered reliable or sustainable, and free from artificial inflation or deflation.