The Matrix That Summarizes an Organization's Strategic Factors by Combining

question 7

Multiple Choice

The matrix that summarizes an organization's strategic factors by combining the external factors from the EFAS Table with the internal factors from the IFAS Table is called a(n)

• A) Total Weighted Score.
• B) SWOT Matrix.
• C) SFAS Matrix.
• D) TOWS Matrix.
• E) Issues Priority Matrix.

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Definitions:

Normal Balance

Normal Balance is the side (debit or credit) where increases to the account are recorded, depending on the account type.

Permanent/Temporary

Describes accounts in financial reporting; permanent accounts show ongoing financial status, while temporary accounts track revenues, expenses, and dividends over a specific period.

Normal Balance

The side (debit or credit) of an account that increases its balance, reflecting the account's role in the accounting equation.

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity, detailing assets, liabilities, revenue, and expenses over a specific period.