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John Wants to Perform External and Internal Audits as Part

question 74

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John wants to perform external and internal audits as part of the strategic management process. What is a frequently used tool to organize relevant information on positive and negative aspects of the company and environment?


Definitions:

Asset

An economic resource that can be owned or controlled to produce value and that is held to have positive economic value.

Liability

A financial obligation or debt that an entity is required to pay to another party, often arising from past transactions or events.

Revenue

The total amount of money generated by a company from its normal business operations, before any deductions are made.

Operating Cash Flows

Money generated from a company's regular business operations, indicating its ability to cover expenses and invest.

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