Executives Acquire Information About External Opportunities and Strengths from a Variety

question 88

True/False

Executives acquire information about external opportunities and strengths from a variety of reports, including budgets, financial ratios, profit and loss statements, and surveys of employee attitudes and satisfaction.

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Definitions:

Historical Data

Information from the past, used for analysis or reference, which can include financial records, sales figures, or operational metrics to guide decision-making.

Contingency Planning

The process of developing strategies to address possible future events or circumstances that could negatively impact operations.

Alternative Courses

Different paths or strategies that can be pursued to achieve a specific goal or resolve a problem.

Changing Circumstances

Situations that evolve over time, necessitating adjustments in strategy, plans, or behavior.