When Looking for Strengths and Weaknesses, Top Management Is

question 32

Multiple Choice

When looking for strengths and weaknesses, top management is:

• A) assessing the external environment.
• B) analyzing the competition.
• C) evaluating the internal situation in order to define its distinctive competence.
• D) wasting its time since it has no control over these things.

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Definitions:

Book Value

The net value of a company's assets minus its liabilities, often used to estimate the company's worth.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash in the short term.

Annual Report

A comprehensive report on a company's activities and financial performance throughout the preceding year, intended for shareholders and stakeholders.

Impaired Goodwill

Impaired goodwill occurs when the market value of a company's goodwill asset falls below its recorded value on financial statements, prompting a write-down to reflect the reduced value.