Opportunities

question 14

Multiple Choice

Opportunities:

• A)Allow a firm to take advantage of organizational strengths,overcome weaknesses,or neutralize threats
• B)Are the same for all firms in an industry
• C)Are related only to new customers and new markets
• D)Are a firm's resources and capabilities
• E)None of these

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Definitions:

Internal Control

Processes and procedures implemented to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Bonding Cashiers

A risk management practice where cashiers are insured against the risk of theft or embezzlement.

Property Insurance

Coverage that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.

Days' Sales Uncollected

A financial ratio that shows the average number of days it takes for a company to collect payment after a sale has been made.