The Goal in Environmental Scanning Is to Gather Internal Environmental

question 52

True/False

The goal in environmental scanning is to gather internal environmental data to identify future market opportunities and threats.

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Definitions:

Substantial-purpose Rule

A legal doctrine that focuses on the main objective of an action to determine its legality or the applicability of certain laws.

Main-purpose Rule

A legal principle stating that if the main purpose of a promise to pay another's debt is to benefit the promisor, the promise may be enforceable without being in writing.

Executor

An individual appointed in a will to manage the estate of the deceased, ensuring that all affairs are settled and wishes are honored.

Estate

The total property, assets, and liabilities of a person, especially considered in the context of inheritance or estate planning.