List and explain any five activities involved in an external environmental analysis.
What will be an ideal response?
Student answers will vary, but should demonstrate understanding of the activities of an external environmental analysis. Some of the activities include the following: industry and market analysis, which involves a study of industry profile, industry growth, and industry forces; competitor analysis, which includes a study of competitor profile, competitor analysis, and competitor advantages; political and regulatory analysis, which includes a study of legislation and regulatory activities and political activity; social analysis, which includes a study of social issues and social interest groups; and human resources analysis, which involves a study of labor issues.
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Benston, Bromwich, and Wagenhofer believe that the principles-based approach would work better in tandem with:
a. a fair value measurement orientation. b. a revenue-expense orientation. c. an asset-liability orientation. d. all of the above.
The LIFO cost of ending inventory will be the same for a periodic inventory system and a perpetual inventory system
Indicate whether the statement is true or false
In the case of Panavision Int'l v. Toeppen, the Ninth Circuit Court of Appeals affirmed the district court's decision. This means that the Ninth Circuit Court of Appeals approved the district court's decision and upheld the outcome in the case
a. True b. False Indicate whether the statement is true or false
There can be no satisfaction unless there is first an accord
Indicate whether the statement is true or false