Refer to the Scenario Below to Answer the Following Questions

question 40

Multiple Choice

Refer to the scenario below to answer the following questions
Personal SWOT Analysis (Scenario)
University students in their last year are focused on getting information about the situation in the job market on graduation. As a process of self-examination during her senior year of college, Casey decides to develop a SWOT analysis of her prospects relative to getting a job.
-Casey has been taking courses in the Asian languages department for the last three years and consequently speaks reasonably coherent Chinese. Spending a summer in Shanghai on an intensive language course further improved her language skills. Few students are interested in learning Chinese these days so this is a(n) ____________ Casey possesses over other job applicants.

• A) opportunity
• B) strength
• C) differentiation
• D) focus skill
• E) core competency

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Definitions:

Credits

Accounting entries that increase liabilities or equity or decrease assets, representing the opposite effect of debits in the double-entry bookkeeping system.

Contra Account

An account used in the general ledger to reduce the value of a related account when the two are netted together.

IFRS

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.

U.S.GAAP

United States Generally Accepted Accounting Principles; a set of accounting standards used in the U.S. for financial reporting.