In the context of SWOT analysis, opportunities refer to ________
A) unique sources of advantage that the plan should leverage
B) circumstances that limit performance and should be addressed
C) potentialities that would improve profitability and should be addressed
D) current and possible factors that could impede performance
E) aspects of the internal environment that strengthen the stand of the business at present
C
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Describe liquidity. If people want liquidity, what types of investments should they consider?
What will be an ideal response?
A person who finds abandoned property becomes its owner by possessing it
Indicate whether the statement is true or false
Norman, a self-employed lawyer, traveled to San Francisco for four days on vacation, and while there spent another two days conducting business. Norman's plane fare for the trip was $500; meals cost $150 per day; hotels cost $300 per day; and a rental car cost $150 per day that was used for all six days. Norman may deduct
Norman, a self-employed lawyer, traveled to San Francisco for four days on vacation, and while there spent another two days conducting business. Norman's plane fare for the trip was $500; meals cost $150 per day; hotels cost $300 per day; and a rental car cost $150 per day that was used for all six days. Norman may deduct
A) $1,050.
B) $0.
C) $1,217
D) $1,200.
On December 1, 20X9, the partners of Tim, Williams, and Levin, who share profits and losses in the ratio of 4:4:2, decided to liquidate their partnership. On this date the partnership condensed balance sheet was as follows: Cash$100,000 Liabilities$90,000 Other Assets 300,000 Tim, Capital 100,000 William, Capital 120,000 Levin, Capital 90,000 Total$400,000 Total$400,000 On December 11, 20X9, the first cash sale of other assets with a carrying amount of $200,000 realized $140,000. Safe installment payments to the partners were made on the same date. How much cash should be distributed to each partner? Tim William LevinA)$40,000 $48,000 $18,000 B)$40,000 $40,000 $20,000 C)$36,000 $56,000 $58,000 D)$24,000 $24,000 $12,000
A. Option A B. Option B C. Option C D. Option D