Which of the Following Relates to the Skills Necessary to Identify

question 29

Multiple Choice

Which of the following relates to the skills necessary to identify and exploit elements of the business environment that can lead to a profitable and sustainable business?

• A) Determination competencies
• B) Basic business competencies
• C) Resource competencies
• D) Opportunity competencies

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Definitions:

Debits Expense

An accounting entry that represents an increase in expenses, which in turn reduces equity or net income.

Memorized Transaction List

A feature in accounting software that allows users to save recurring transactions for future use, simplifying data entry.

Lists Menu

In accounting software, the Lists Menu provides access to various lists managed within the software, such as lists of customers, vendors, items, and accounts.

Banking Section

Part of financial management that involves handling bank accounts, transactions, and financial reconciliations.