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The main users of accounting information?
This are in two groups, external users and internal users. External come from outside the business while internal are from inside the business. Examples of external are insurers, suppliers, customers, government tax auditors, etc while internal accounting users are within the business, thus shareholders, owners of the business
Internal and external accounting information?
internal = inside business external = outside business
Explain how the environment in which a business operates impacts upon?
The business environment impacts a business because managers have to make decisions based on what is going on around them. If the environment is fiercely competitive, then the business would have to respond appropriately.
Explain what the micro environment is in business studies?
what is micro & macro environment means(according to business studies)
Regulating an internal environment despite changes in the external environment is called?
The human body self-regulates to maintain a stable internal environment despite changes in the external environment is a process called homeostasis. They begin by looking at how the human body regulates temperature and the value of a feverin fighting infection.
