Any External Characteristic of an Organisation That Inhibits Restricts Its

question 3

Multiple Choice

Any external characteristic of an organisation that inhibits restricts its performance is categorised as a(n) :

• A) strength
• B) weakness
• C) opportunity
• D) threat
• E) None of these choices.

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Definitions:

Budgets

Financial plans that outline expected revenues and expenditures for a specific period of time.

Informal Plan

An unstructured and often unofficial approach to managing or addressing tasks, projects, or problems, lacking formal documentation or procedure.

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses for a given period.

Employee Motivation

The techniques and strategies employed by businesses to encourage their employees to perform their best and remain engaged and satisfied with their work.