The Components of Strengths and Weaknesses Are Often Considered as Which

question 133

Multiple Choice

The components of strengths and weaknesses are often considered as which part of the situational analysis:

• A)internal to the organization
• B)external to the organization
• C)both internal and external to the organization
• D)not part of the situational analysis

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Definitions:

Normal Balance

In accounting, the normal balance is the side (debit or credit) of an account that is usually increased. For example, asset accounts normally have a debit balance, while liabilities and equity accounts have a credit balance.

Direct Write-off Method

A method of accounting for bad debts that involves charging the amount of an uncollectible account directly to the expense account when it is deemed non-recoverable.

Uncollectible Receivables

Debts owed to a company that are considered to be uncollectable and are written off as a loss.

Debit Balance

Occurs when the total of debits in an account exceeds the total of credits, which can be typical for accounts like expenses, assets, and losses.