Cheryl has been examining data from her company and discussing its successes and failures with the different division heads and managers. She has drawn up a list of the company's strengths and found that it is very good at promotion and meeting clients' delivery needs on time. She has discovered that the company is very slow with collecting its receivables and therefore has a significant lag between the time merchandise is ordered, delivered, and when payment is made. She also discovered that a new company is producing the same goods as hers and is selling them for less money and with a better guarantee. Finally, she has discovered that there is a great need for her company's product in the education field and that this market is virtually untapped. Which of the following best describes
Cheryl's activities?
A. She is doing an environmental analysis.
B. She is doing a SWOT analysis.
C. She is writing an executive summary.
D. She is drafting the marketing strategies.
Answer: B
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In 2018, a company employee received an option to purchase the company's stock at $45 per share. If the stock is trading at $40 a share in 2020, the employee will most likely
A. exercise the option, receiving a gain of $40. B. buy the stock at $45 per share. C. exercise the option, receiving a gain of $5. D. not bother to exercise the options. E. sell the shares to a third party slightly above the market price.
Users require a variety of information about the financial position and performance of a firm in order to make decisions. Users cannot wait until the life of the business is completed. Accordingly, the accounting period assumption requires that
financial reports depicting changes in wealth of an enterprise be prepared periodically. Required: Explain the relationship between the accounting period assumption and accrual basis accounting.
When an employee breaches a fixed-term employment contract by quitting before the end of the
term, what can the employer recover as damages? A) Only amounts paid to the employee for which the employee has not yet done the work B) All amounts already paid to the employee under the contract C) Nothing, because courts do not order anyone to perform a job against his or her will D) The costs of hiring a replacement employee plus any increase in salary paid to the replacement employee
In analyzing product design decisions, decision trees determine the ________ of each course of action
Fill in the blanks with correct word