Figure 3-1 -Using Figure 3-1 Above,identify and Explain the Five Environmental Forces

question 38

Essay

Figure 3-1
-Using Figure 3-1 above,identify and explain the five environmental forces ("A," "B," "C," "D," and "E")that affect an organization.

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Definitions:

360-Day Year

A simplified accounting method where the year is considered to have 360 days for the calculation of interest and other financial metrics.

Two Years

A period of time equal to 24 months or 730 days, typically used as a measure for planning or agreements.

Exact Interest

Interest calculated based on a 365-day year, used to provide a precise interest computation.

360-Day Year

A financial calculation convention using a simplified year of 360 days to facilitate easier interest calculations.