Which of the Following Statements About a SWOT Analysis Is

question 52

Multiple Choice

Which of the following statements about a SWOT analysis is true?

• A) It does not encompass the analysis of an organization's external environment.
• B) It essentially results in the generation of a single strategy that deals with one internal function of an organization.
• C) It does not encompass functional-level strategies directed at improving the effectiveness of operations within a company.
• D) It essentially produces strategies that are incongruent with each other.
• E) It is a methodology for choosing between competing business models.

Identify the legal recourse available to businesses under FTC actions and the consequences of non-compliance.

Understand the division of regulatory responsibilities between the FTC and the Food and Drug Administration (FDA).

Grasp the consumer protection laws relating to credit and finance, including the Truth-in-Lending Act and the Fair Debt Collection Practices Act.

Recognize the importance of consumer rights in transactions, specifically the right to cancel under the Cooling-off Rule and protections against unsolicited merchandise.

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Definitions:

Percent of Receivables Method

A method used in accounting to estimate bad debts expense based on a percentage of accounts receivable judged to be uncollectible.

Unadjusted Trial Balance

A financial report that shows the balances of all accounts, including assets, liabilities, equity, income, and expenses before any adjustments are made for the accounting period.

Bad Debts Expense

An expense reported on the income statement reflecting the cost of accounts receivable that a company does not expect to collect.

Factoring Fee Expense

A cost incurred by a business when it sells its accounts receivable to a third party (the factor) at a discount.