Which of the Following Statements Best Describes the Term Internal

question 16

Multiple Choice

Which of the following statements best describes the term internal analysis?

• A)It studies the infrastructure of a company to gauge the number of employees it can recruit.
• B)It examines a company's resources and capabilities to configure a firm's ability to deliver unique value.
• C)It examines the emotions of a firm's employees in order to identify their weaknesses.
• D)It examines the efficiency of employees through the help of standardized tests and group discussions.

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Definitions:

Accounts Payable

Accounts payable represent short-term liabilities or money owed by a business to its creditors or suppliers for goods and services purchased on credit.

Journal Entry

A record of a financial transaction in the accounting books of a business, showing the accounts affected and the amounts.

Invoice

A document issued by a seller to a buyer that lists goods or services provided, prices, and payment terms.

Ledger

A comprehensive collection of a company's financial transactions, organized by account.