The stock exchange or FASB is best described as external influences that directly affect an organization's
A)hiring practices
B)philosophy and operating style
C)internal environment
D)methods of assigning authority

Question

Quizplus · Accepted Answer

The stock exchange and FASB (Financial Accounting Standards Board) are both external factors that directly affect an organization's internal environment. The stock exchange can impact the prices of a company's stocks, which affects the organization's financial position and decision-making processes. FASB sets accounting standards for financial reporting, which affects how businesses present their financial statements, impacting their business practices and internal control systems. Therefore, the correct choice is C - Internal environment.

The Stock Exchange or FASB Is Best Described as External