A SWOT Analysis Is an Internal Assessment of Assets and Limitations

question 41

True/False

A SWOT analysis is an internal assessment of assets and limitations of a company and it excludes any external influencing factors from its purview.

---

Definitions:

Random Sample

A sample in which each member of the population has an equal probability of being selected, aiming for a representative subset.

Standard Error

A statistical measure that indicates the accuracy of a sample mean by estimating the dispersion of sample means around the population mean.

Statistic

A numerical measure that describes a characteristic of a sample, which is often used to estimate the corresponding parameter in the population.

Unknown Parameter

A value in a statistical model that must be estimated from the data because it is not known beforehand.