Which statement explains how the task environment differs from the general environment?
A. Unlike the task environment, the general environment deals with conditions that affect an organization's ability to obtain inputs and dispose of outputs.
B. Forces in the task environment have a more immediate and direct effect on managers than forces in the general environment.
C. Unlike the general environment, the task environment includes the global, economic, sociocultural, political, and legal forces that affect an organization.
D. Opportunities in the task environment are less easy to identify than opportunities in the general environment.
E. Threats in the general environment are easier to respond to than threats in the task environment.
Answer: B
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Which of the following is/are true?
a. Cost is the economic sacrifice made to acquire goods or services b. When the good or service acquired has reliably measurable future benefits to a firm, the cost is an asset. c. When the firm consumes the good or service, the cost is an expense. d. All of the above are true. e. None of the above are true.
Which of the following is true of the master budget?
A) Monthly budgets are derived by dividing the master budget by 12 B) Fixed costs cannot change from one month to another C) Variable costs cannot change from one month to another D) The master budget can reflect seasonal effects E) None of these
A defining characteristic of the pay-as-you-go business model is that the
A. the basic features of a service are provided free of charge, but the user must pay for premium services. B. users pay for only the services they consume. C. initial product is often sold at a loss in order to drive demand for complementary goods. D. users pay for access to a product or service whether they use it during the payment term or not.
Information systems support the major functional areas of a business including manufacturing, finance, accounting, human resources, and marketing
Indicate whether the statement is true or false