Demographic Characteristics Such as Differences in Age, Gender, Race, Etc

question 2

True/False

Demographic characteristics such as differences in age, gender, race, etc. reflect surface-level diversity among employees.

Distinguish between strengths, weaknesses, opportunities, and threats in a SWOT analysis.

Recognize the importance of environmental scanning in identifying opportunities and threats.

Understand the process and significance of comparing a firm’s strengths and weaknesses to its competitors.

Define and explain the process of turning weaknesses into strengths and matching strengths with opportunities.

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Definitions:

Operating Expenses

Regular costs incurred in the process of running a business, such as rent, utilities, and payroll, that do not include the cost of goods sold.

Interest Expense

The cost incurred by an entity for borrowed funds.

Income Tax Expense

The cost incurred by corporations or individuals due to federal, state, or local tax laws, representing taxes on earnings.

Operating Revenue

Income earned from a company's primary business activities, excluding non-operating income sources like investments.