EXTERNAL SOURCING

Buying goods from third parties at the lowest cost for operations. It considers the skills, capability, and financing.

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EXTERNAL STAKEHOLDER

The party that influences or is influenced by a company but is not a member.

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EXTERNAL STATEMENT

A financial statement that tells outside parties the firm’s position and their results. They give detailed information to help with decision making and management.

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EXTERNAL STRUCTURE

How a firm relates shown in a web drawing. It involves competitors, customers, and suppliers to name a few.

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EXTERNAL VALIDITY

Whena generalization is amde from other studies that only have a part of the relevant population.

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EXTERNAL VERIFICATION

Confirming business transactions and documents by a third party that is usually an auditor.

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EXTERNALITIES

A factor those benefits and costs are not recorded on the market prices.

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EXTERNAL AGENTS

A party that interacts with an organization and influence performance but do not control things directly.

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EXTERNAL ATTRIBUTION

The way people behave based on their perceptions and reactions. It compares how different people react to the same situation.

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