Which of the Following Terms Refers to the Continuous Process

question 42

Multiple Choice

Which of the following terms refers to the continuous process of gathering and evaluating information about variables and events around the world that may pose threats or opportunities to the firm?

• A)business process reengineering
• B)PEST analysis
• C)environmental assessment
• D)fundamental analysis

---

Definitions:

Substantial Performance

A legal concept where a party has completed a majority of their obligations under a contract, warranting payment with possible deductions for uncompleted work.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Defective

Referring to a product or item that is flawed, damaged, or fails to meet quality standards.

Nonconforming Goods

Items delivered under a sale contract that fail to match the quality, specification, or conditions as agreed upon by the buyer and seller.