Which of the Following Is True of SWOT Analysis

question 34

Multiple Choice

Which of the following is true of SWOT analysis?

• A) It is a tool used to formulate an organization's mission statement.
• B) Broad environmental factors are those that are close to an organization.
• C) An organization's strengths and weaknesses are identified by methodically assessing the organization's external environment.
• D) It provides a general overview of whether the overall situation is healthy or unhealthy.
• E) Broad environmental factors consist of stockholders, suppliers, competitors, labor unions, customers, and potential new entrants.

---

Definitions:

Cost Of Merchandise Sold

The total expense incurred by a business to purchase or manufacture the goods sold during a period.

Merchandise Inventory

The total cost of all goods held by a company that are available for sale to customers, part of current assets on the balance sheet.

Accumulated Depreciation

The contra asset account credited when recording the depreciation of a fixed asset.

Perpetual Inventory System

An inventory system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.