Question
When engaged in evaluating a project, adding, or eliminating a product, or entering a contact, creating an action plan to improve performance, both financial and
When engaged in evaluating a project, adding, or eliminating a product, or entering a contact, creating an action plan to improve performance, both financial and non-financial data must be considered.
For the items listed below, please explain why each are important and give an example how it can affect a decision.
External Factors
o Economic conditions
o Population attitude
o Industry Type
oType of business
o Problems within the industry
Company Internal Factors
o Financial Situation
o Management Problems
o Employees
o How does the decision fit in with the company's corporate culture?
o Short-term and/or long-term effect
o In line with the company's expertise.
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Financial Accounting
Authors: Carl S Warren, James M Reeve, Jonathan Duchac
12th Edition
0538478519, 9780538478519
