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question 95

Multiple Choice

_{50. In a situational analysis, a strategic group is a group of that top managers choose for comparing, evaluating,}
And benchmarking their company's strategic threats and opportunities.

• A) non-industry specific companies
• B) expert managers
• C) trade journals and other relevant periodicals
• D) other firms within an industry
• E) consulting firms that use the Delphi technique

Understand the role and categorization of source documents in the accounting process.

Comprehend the principles of double-entry accounting and the effects of transactions on account balances.

Recognize the treatment and classification of dividends in financial statements.

Identify the characteristics and treatment of different types of accounts including assets, liabilities, equity, revenues, and expenses.

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Definitions:

Operational Processes

The routine activities and procedures that a business uses to function efficiently and effectively.

Legal Requirements

These are mandates or statutory obligations established by local, state, or federal governmental bodies that organizations, individuals, or processes must adhere to.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Employee Talent

The skills, knowledge, or abilities possessed by an employee that contribute to their performance in the workplace.