An Organization's Environment Typically

question 29

Multiple Choice

An organization's environment typically:

• A)Consists only of employees and managers
• B)Includes all groups and individuals that are significantly influenced by or have a major impact on the organization
• C)Includes only stockholders
• D)Consists only of competitors,suppliers,and customers
• E)Reflects only owners,customers,and competitors

---

Definitions:

Subject to the mortgage

This phrase denotes that a property is encumbered by a mortgage, meaning any dealings with the property must take into account the mortgage's terms and conditions.

Unregistered Mortgage

An unregistered mortgage refers to a mortgage agreement that has not been formally recorded with a governmental registry or legal authority, potentially affecting its enforceability and priority against other claims.

Prevailing Interest Rates

are the current rates of interest which banks and other financial institutions charge on loans and pay on deposits.

Second Mortgages

A type of mortgage taken out on a property that is already mortgaged, generally used to access home equity.