Which of the Following Is NOT a Component of a Situation

question 28

Multiple Choice

Which of the following is NOT a component of a situation analysis?

• A)SWOT analysis
• B)assumptions regarding the future
• C)objective setting
• D)analysis of major issues
• E)a description of the present situation

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Definitions:

Trade Agreement

A contractual arrangement between countries regarding their trade relationships and tariffs.

Microeconomics

Branch of economics that deals with the behavior of individual economic units—consumers, firms, workers, and investors—as well as the markets that these units comprise.

Benefit

The advantage or profit gained from something.

Absolute Advantage

The ability of a country, individual, or firm to produce a good more efficiently than another entity using the same amount of resources.