Which of the Following Best Defines the Natural Environment from a Business

question 21

Multiple Choice

Which of the following best defines the natural environment from a business perspective?

• A) The physical world, including all biological entities, as well as the interaction between nature and individuals, organizations, and business strategies
• B) The physical world including all biological and geological entities
• C) Plants, animals, human beings, oceans and other waterways, land, and the atmosphere
• D) Any entity or combination of entities that has an impact on the way that organizations conduct their business
• E) Any resource that is found in limited quantities and requires protection through national or state regulation

---

Definitions:

Overhead Rate

A measure used to allocate indirect costs to produced goods or services, calculated as overhead costs divided by the allocation base.

Job Order Cost System

An accounting system that accumulates costs by individual jobs when the products or services are distinguishable from each other.

Time Tickets

Documents or electronic records used to track the amount of time an employee spends on a specific job or project.

Job Cost Sheets

Documents that track the direct materials, direct labor, and manufacturing overhead for a specific job, used in job costing systems.