Four of the Following Options Are External Forces for Change

question 116

Multiple Choice

Four of the following options are external forces for change.Which of the following is an internal force that creates the need for change?

• A)the marketplace
• B)government laws and regulations
• C)economic changes
• D)the workforce
• E)technology

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Definitions:

Flexibility of Reporting

The ability to adapt financial and corporate reporting to meet the specific requirements or preferences of users, enhancing the utility and readability of reports.

Raw Materials Inventory Turnover Ratio

A measure indicating how many times a company's raw material inventory is used up and replaced over a specific period, showing the efficiency in using its raw materials.

Raw Materials Purchased

The cost of raw inputs bought for the production of goods, including commodities like steel, cotton, or plastic.

Average Raw Materials Inventory

A measure of the average amount of raw materials on hand over a certain period, indicating how efficiently a company manages its stock of raw supplies.