EXTERNAL ENVIRONMENT

Parties and factors that surround an organization but influence it and the risks. AKA operating environment.

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EXTERUS

Lat A foreigner or alien; one born abroad. The opposite of civis.Exterus non habet terras. An alien holds no lands. Tray. Lat. Max. 203.

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EXTERNAL EQUITY

The way an employee percieves their condtions and the rewards of working at the firm compared to other firms.

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EXTINCT

Extinguished. A rent is said to be extinguished when it is destroyed andput out. Co. Litt. 1476. See EXTINGUISHMENT.Extincto subjecto, tollitur adjunc- tum. When the subject is extinguished, theIncident ceases. Thus, when the business for which a partnership has been formed iscompleted, or brought to an end, the partnership itself ceases. Inst. 3, 26, 6; 3 Kent Comm. 52, note.

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EXTERNAL FAILURE COSTS

The cost that is incurred due to defects. The product may be shipped wrong or not be of the quality needed.

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EXTERNAL FINANCING

Money from outside investors and lenders not from the firm’s internal reserves.

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EXTERNAL HARD DRIVE

A device that stores data. It is portable and transports the data whereever it is.

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EXTERNAL INCOME

1. income from activities that occur outside the company. 2. refer to remittance.

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EXTERNAL REPORT

A report that has the company information in it. It is meant for the public to get the data needed to make decisions.

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