Which of the following is NOT an element of the organization's task environment?

Z Best, Inc.'s, corporate charter allows it to issue a maximum of 1,000,000 shares of common stock. In its first year of business, the company sold 300,000 shares of common stock. During the year, the company bought back 7,000 shares to be held as treasury stock. The number of shares of common stock issued equals ______ shares.

A) 300000 B) 500,000 C) 480,000 D) 400,000

An implied warranty of fitness for a particular purpose is breached if the goods do not meet the buyer's or lessee's expressed needs

Indicate whether the statement is true or false