A Manager's Analysis of the External Environment Can Be Improved

question 41

Multiple Choice

A manager's analysis of the external environment can be improved by ________,which involves analyzing information to detect emerging trends.

• A)environmental scanning
• B)critical path analysis
• C)asset screening
• D)strategic planning

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including both materials and labor costs.

Direct Labor Cost

Expenses that are directly associated with the labor used in producing goods or services, including wages for workers who physically manufacture a product.

Estimated Overhead

The approximated costs of all overhead expenses expected to be incurred during a specified period, necessary for maintaining operations.

Raw Materials Purchased

This term refers to the total cost or expenditure on raw materials that have been bought for use in production during a specific period.