SWOT Analysis Is a Method of Determining External Strengths and Weaknesses

question 93

True/False

SWOT analysis is a method of determining external strengths and weaknesses and internal opportunities and threats.

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Definitions:

Equivalent Units

A concept used in process costing that converts partially completed goods into a number of fully completed units for accounting purposes.

Direct Materials

Raw materials that can be directly traced to the production of goods and are a significant part of the finished product.

Conversion Costs

Expenses in manufacturing that include both labor costs and overhead costs associated with converting raw materials into finished goods.

Equivalent Units

A method used in process costing that converts partially completed units into a smaller number of fully completed units.