An Environmental Scan Is About Looking Outside Yourself and into the World.What

question 10

Multiple Choice

An environmental scan is about looking outside yourself and into the world.What aspects would you include in an environmental scan? (Select all that apply.)

• A) School.
• B) Local.
• C) National.
• D) Global.
• E) None of above

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Definitions:

Net Private Domestic Investment

The total amount spent by businesses and firms in the economy on capital goods, minus depreciation.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Gross Private Domestic Investment

The total amount of private domestic investment in physical assets such as buildings, machinery, and equipment by businesses and individuals within a country.

Income Approach

A method of calculating GDP by adding up all incomes within the economy, including wages, interest, profits, and rents.