Which of the Following Is a Question That Managers Must

question 73

Multiple Choice

Which of the following is a question that managers must ask concerning internal firm factors when conducting a SWOT analysis?

• A) How can we use our resource base and core competencies to take advantage of an opportunity?
• B) What additional resources and capabilities are needed to take advantage of external opportunities?
• C) What resources and capabilities do we need to mitigate external threats?
• D) All of these.

Calculate raw materials used in production and total manufacturing costs from given data.

Understand the classification of labor costs into direct labor and indirect labor (manufacturing overhead).

Understand the impact of inventory accounting on financial statements.

Understand principles of safe medication administration and documentation.

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Definitions:

Days' Sales Uncollected

A financial metric that measures how long it takes, on average, for a company to collect cash from its credit sales.

Profit Margin

A financial metric that measures the amount of net income earned with each dollar of sales generated by comparing the profit and the revenue.

Total Asset Turnover

A financial measure that calculates the ability of a company to turn its assets into sales revenue.

Return On Total Assets

A financial ratio that measures a company's ability to generate profit from its assets.