A SWOT Analysis Evaluates an Organization's Strengths, Weaknesses, Opportunities, and Threats

question 99

True/False

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

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Definitions:

FICA Tax Rate

The combined rate for Social Security and Medicare taxes that both employers and employees pay, based on a percentage of employees' wages.

Unemployment Taxes

Taxes that employers are required to pay to the government, which are used to fund unemployment benefits for workers who have lost their jobs.

Overtime Pay

Additional compensation paid to employees for hours worked beyond the standard workweek.

Payroll Register

A record that summarizes the wages, deductions, and net pay of all employees for each pay period.