Constructing an Internal Factor Evaluation Matrix Is a Summary Step

question 20

True/False

Constructing an Internal Factor Evaluation Matrix is a summary step when conducting an internal strategic-management audit.

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Definitions:

Cost Overruns

The situation where the actual cost of a project exceeds its originally planned budget.

Technological Factors

Elements related to innovations, advancements, and changes in technology that affect businesses, societies, and environments.

CEO's Preference

The particular choices or inclinations of a Chief Executive Officer of a corporation, often reflecting their strategic priorities and management style.

Environmental Factors

External elements, including social, economic, technological, and natural conditions, that affect individuals, organizations, and societies.