In a SWOT Analysis, Which of the Following Could You

question 130

Multiple Choice

In a SWOT analysis, which of the following could you discover as potential external opportunities (helpful) ?

• A) Cost advantages.
• B) Damaged reputation.
• C) New markets.
• D) Improved marketing campaigns.

Understand the fundamental differences between neoclassical economics and behavioral economics.

Recognize the contributions of behavioral economics to policymaking, including the concept of "nudging".

Identify systematic errors in human decision-making according to behavioral economics.

Comprehend how behavioral economics explains reactions to gains and losses differently from neoclassical economics.

---

Definitions:

Direct Materials

Raw materials directly used in the production of goods, whose costs are easily traced to the finished product.

Underapplied Overhead

A situation in which overhead assigned to work in process is less than the overhead incurred.

Cost of Goods Sold

The immediate expenses linked to the manufacture of a company's sold products, encompassing both materials and labor.

Cost Accounting

The process of recording, classifying, and allocating all costs associated with the production of goods and services.