Use the Following to Answer Questions

question 82

Multiple Choice

Use the following to answer questions:
Scenario 3-2. Terry's Technology Service is currently conducting a SWOT analysis of the business. Several differing factors have been observed. One of the major strengths of Terry's business is that he has kept current with all the new technologies that have been developing. The ability to adapt the technologies to business applications has been a key feature of the business. A definite weakness of the business is that Terry's cash flow has been strained lately due to the capital investments that are necessary in order to keep up with current technological advances. Owing to Terry's good relationship with his customers, he is getting many referrals for new customers. A recent consideration is his competition. A new business has started in town that is offering similar services.
-In Scenario 3-2 above, considering the business that Terry is pursuing, which of the following environments must he pay close attention to?

• A) Economic environment
• B) Legal/regulatory environment
• C) Competitive environment
• D) Technological environment

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Definitions:

Wechsler Adult Intelligence Scale

A widely used test designed to measure the intelligence of adults and older adolescents, consisting of various verbal and performance subtests.

IQ Tests

Standardized assessments designed to measure human intelligence and cognitive abilities.

Incentive

Something that motivates or encourages someone to take a particular action.

Motive

A psychological feature that arouses an organism to action toward a desired goal; the reason for the action.