Favorable Conditions in the Marketplace Environment That Could Produce Business

question 38

Multiple Choice

Favorable conditions in the marketplace environment that could produce business rewards for the organization if acted upon properly are called

• A)strengths.
• B)market strategies.
• C)market niches.
• D)threats.
• E)opportunities.

Explain the concept of federalism and the distribution of powers between the central government and state governments.

Recognize the role of the judicial branch and the concept of judicial review in the U.S. political system.

Discuss the mechanisms designed to promote national unity and prevent discrimination among states.

Outline the process and requirements for the formal adoption of the U.S. Constitution.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company.

Overapplied

A situation in cost accounting where the applied manufacturing overhead cost is more than the actual overhead incurred.

Underapplied

A term often used in cost accounting to denote when the allocated overhead or indirect costs are less than the actual overhead incurred.

Raw Materials

Basic materials used in the production process that are transformed into finished goods.