Two of the Key Inputs to Developing Forecasts Discussed in the Text

question 57

Multiple Choice

Two of the key inputs to developing forecasts discussed in the text are

• A) environmental scanning and stakeholder identification.
• B) assessing internal strengths and environmental scanning.
• C) environmental scanning and competitive intelligence.
• D) environmental scanning and a SWOT analysis.

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Definitions:

Net Income

The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including loans, accounts payable, and any other debts.

IFRS

International Financial Reporting Standards, which are global accounting standards for preparing financial statements, making it easier to compare entities internationally.

Current Liability

An obligation that a company is required to pay off within the current fiscal year or operating cycle, essentially a rephrased definition of current liabilities.