The Part of an Organization's External Environment That the Organization

question 67

Multiple Choice

The part of an organization's external environment that the organization claims for itself with respect to how it fits into its relevant environments is known as the:

• A) task environment.
• B) context.
• C) general environment.
• D) domain.

---

Definitions:

EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortization, an indicator used to analyze and compare profitability among companies and industries.

Revenue

Revenue is the total amount of income generated by the sale of goods or services related to a company's primary operations.

Absorption Costing

A costing technique that encompasses both direct and indirect expenses associated with the production in the product's cost.

Contribution Margin

The amount by which sales revenue exceeds variable costs of a product, indicating how much revenue contributes toward covering fixed costs and generating profit.