Stage 2 of the Generic Process for Performing Self-Assessment Is

question 18

Multiple Choice

Stage 2 of the generic process for performing self-assessment is ________ the strengths and weaknesses.

• A) surveying
• B) investigating
• C) categorizing
• D) evaluating
• E) benchmarking

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Definitions:

Liquid Asset

An asset that can be quickly converted into cash with minimal impact to its value.

Liquid Assets

Assets that can be easily converted into cash with little impact on their value.

Retained Earnings

The portion of net income that is not distributed to shareholders and is instead reinvested in the company.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the company's assets.