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.

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Definitions:

Labour Content

The total amount of work required to produce a good or service, often measured in terms of time or labor hours.

Incentive Plans

Programs designed to motivate and reward employees for reaching or exceeding their performance targets.

Staffing Needs

The requirements an organization has for the quantity and quality of workforce to meet its objectives and deliver on its strategies.

Average Observed Time

The mean time recorded for a given task or process, based on measurements taken over a series of observations or operations.