Which Formal Stage of the Planning Process Has Frank Completed

question 100

Multiple Choice

Which formal stage of the planning process has Frank completed?

• A) an environmental analysis
• B) a SWOT analysis
• C) a promotional plan
• D) an opportunity analysis
• E) a business plan

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Definitions:

Trial Balance

A bookkeeping report that lists the balances in each of an organization's general ledger accounts at a specific point in time.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure that total debits equal total credits.

Journal Entry

A record in the books of accounts that represents each business transaction, detailing the accounts and amounts to be debited and credited.

Debit

An entry recorded on the left side of an accounting ledger that increases an asset or expense account, or decreases equity, liability, or revenue accounts.