Which of the Following Tools Would an Entity Be Least

question 48

Multiple Choice

Which of the following tools would an entity be least likely to use to monitor or review its financial performance:

• A) credit ratings.
• B) forecasts.
• C) ratios.
• D) awards.
• E) variance analysis

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Definitions:

Strategic Resource

A resource considered crucial for sustaining a competitive advantage because it is valuable, rare, inimitable, and non-substitutable.

Business Unit

refers to a division, department, or section of an organization that focuses on specific business functions or market segments, operating semi-independently.

Subgroups

Smaller distinct groups formed within a larger group, often with specific roles, characteristics, or interests that differentiate them from the wider group.

Identity-Based Subgroup

A subgroup within a larger group defined by shared characteristics or identities, such as ethnicity, gender, or professional background.