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What is meant by external and internal environment for financial managers?
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How the environment effects managers?
External and internal environment directly effects the decision making of the manager. Let's understand it with the help of an example. Xyz company manager has arrived at office during snow in London. Due to heavy snowfall (External Environment) staff or subordinates of managers have not reached the home. Manager has to discuss some urgent business deals with his staff. This is the way how managers are affected by external environment factors.
How the external environment effect manager?
External and internal environment directly effects the decision making of the manager. Let's understand it with the help of an example. Xyz company manager has arrived at office during snow in London. Due to heavy snowfall (External Environment) staff or subordinates of managers have not reached the home. Manager has to discuss some urgent business deals with his staff. This is the way how managers are affected by external environment factors.
What are two differences between an internal audit and an external audit?
1) An internal audit is an appraisal of activities within company areas, whereas an external audit looks at the financial statements as a whole 2) An internal report is normally given to managers, while an external report is prepared for shareholders, related companies, creditors, or government agencies.
Who is an internal user of financial statements?
Accounting information is presented to internal users in the form of management accounts, budgets, forecasts andÊfinancial statements. External users are communicated accounting information in the form of financial statements. These users are creditors, tax authorities, investors, etc..
What are The Six variables of the external environment that are not directly under the control of marketing managers?
69
What managers are typically concerned with the interaction between the organization and its external environment?
top level
What is the impact of Internal Business Environment?
The internal business environment can lead to increased productivity or it can be detrimental. Managers must improve the culture in order to improve production.
Explain the difference between internal and external stakeholders?
Internal stakeholders are employees, Directors,Managers, Shareholers and trustees. while external stakeholders include Funders, Suppliers, Customers/Clients and posibly competitors
What allows managers and decision makers to perform quantitative analysis on both internal and external data?
Model Base
How can an organization adapt to its internal environment?
In order for employees to adapt to the internal environment management must bond with them and show them what is acceptable behavior. Managers tend to this with team building exercises.
Explain how organizations adapt to an uncertain environment and identify techniques managers use to influence and control the external environment What can you do as a student both inside and outs?
s
How does environment affects managers?
how the environment affects managers
