________ Includes Environmental Scanning and Continuous Monitoring to Keep Abreast

question 45

Multiple Choice

________ includes environmental scanning and continuous monitoring to keep abreast of variables around the world that are pertinent to the firm.

• A)Environmental mitigation
• B)Internal analysis
• C)Competitive analysis
• D)Environmental assessment

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Definitions:

Promissory Note

A financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.

Conditional Sales Contract

A sale agreement stating that the sale is conditional upon certain terms, often including the circumstances under which ownership is transferred.

Invoice

A document issued by a seller to a buyer, detailing a transaction and requesting payment for goods supplied or services rendered.

Open Account

A credit arrangement where goods or services are sold without immediate payment, allowing the buyer to pay at a later scheduled date.