The Match an Organization Makes Between Its Internal Resources and Skills

question 77

Multiple Choice

The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors can be defined as

• A) input.
• B) concept formulation.
• C) strategy.
• D) SWOT.
• E) weakness.

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Definitions:

Periodic Method

An inventory accounting system where updates to inventory accounts and cost of goods sold are made periodically at the end of a reporting period.

Journal Entries

Recorded transactions in the accounting ledger that reflect the financial activities of a business.

Voucher

A document or record acting as evidence for a transaction, or as an authorization for payment.

Net Method

An accounting technique where discounts for early payment are calculated and recorded as lower sales prices at the time of sale, in anticipation that discounts will be taken.