External events do not include
A) interaction between an entity and its environment.
B) a change in the price of a good or service that an entity buys or sells.
C) improvement in technology by a competitor.
D) using buildings and machinery in operations.

Question

Quizplus · Accepted Answer

Using buildings and machinery in operations is an internal event, as it is a part of an entity's own operations and resources. The other options (A, B, and C) all pertain to external events, as they involve factors outside of the entity's control such as interactions with the environment, market changes, and competitor actions.

External Events Do Not Include