List the Four Components of a SWOT Analysis

question 121

Essay

List the four components of a SWOT analysis.

Recognize the factors that do not necessarily indicate the existence of a partnership.

Comprehend the enforceability of oral partnership agreements.

Acknowledge the recognition of partnerships as independent entities.

Understand a partner's fiduciary duties towards the partnership.

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Definitions:

Accounts Payable

Liabilities of a business that are due to creditors within a short period of time, usually for the purchase of goods and services.

Expenses

The cost of assets consumed or services used in the process of generating revenues.

Accounts Receivable

Money owed to a business by its customers for products or services delivered on credit.

Net Income

The total profit of a company after all revenues, cost of sales, operating expenses, and taxes have been subtracted from its total revenue.