A Technique for Assessing the Organization's Internal and External Environments

question 90

Multiple Choice

A technique for assessing the organization's internal and external environments is called a

• A)BCG matrix.
• B)SWOT analysis.
• C)benchmarking strategy.
• D)diversification exercise.
• E)functional strategy.

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Definitions:

Equivalent Units

A method in cost accounting used to compute the work done by the production in terms of fully manufactured units, considering both completed and in-progress goods.

Weighted-average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving weight to each number based on its significance.

Labor

The human effort, both physical and mental, used to produce goods or services, which is typically compensated by wages.

Equivalent Unit

A measure used in cost accounting to express the amount of work done on a product in terms of fully completed units.