Environmental Scanning Collects External Data, Analyzes It, and Determines Whether

question 185

True/False

Environmental scanning collects external data, analyzes it, and determines whether the trends identified are opportunities or threats to the company.

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Definitions:

Fiduciary Duties

Obligations of loyalty and care that one party, the fiduciary, owes to another, such as a trustee to its beneficiaries.

Corporate Resources

Assets, both tangible and intangible, that a corporation possesses and can utilize to achieve its objectives, including financial, human, and technological resources.

Corporate Policy

Guidelines and rules that govern how a corporation operates, including its principles, objectives, and procedures designed to achieve its goals.

Capital Structure

The mix of various forms of financing used by a firm to fund its overall operations and growth, including debt, equity, and any other financing sources.