Which of the Following Best Defines a SWOT Analysis

question 45

Multiple Choice

Which of the following best defines a SWOT analysis? 

• A) ​It is an assessment of both the internal and external environment of an organization. 
• B) ​It measures the tangible rather than the intangible assets of an organization. 
• C) ​It is conducted by regulatory agencies to measure the performance of organizations. 
• D) ​Its aim is to review internal processes independently of the external industry environment.

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Definitions:

Direct Labor

The labor costs directly traceable to the production of goods or services, such as wages paid to workers or machine operators.

Fixed Overhead

Overhead expenses that remain constant regardless of a company's level of production or sales.

Raw Material

Basic materials used in the production process that are transformed into finished goods through manufacturing.

Fixed Overhead

Costs that do not vary with the level of production or sales, including rent, salaries, and insurance, necessary for maintaining a business’s operations.