Which Three of the Following Are Key Guidelines for Using

question 28

Multiple Choice

Which three of the following are key guidelines for using SWOT?

• A) Spend time identifying all the relevant factors
• B) Use the list to decide what to investigate further.
• C) Plan concrete actions on prioritised factors.
• D) Focus on the key factors.

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Definitions:

LIFO Method

"Last In, First Out" inventory valuation method where the most recent items added to inventory are the first ones considered sold.

Periodic System

A method in accounting where inventory levels are updated in the financial records periodically at the end of a reporting period.

Cost of Goods Sold

The expenses incurred directly from the production of a company's sold products, comprising materials and labor.

Net Income

The income left over after deducting all costs, taxes, and expenses from the total revenue.