The Purpose of a SWOT Analysis Is to Assess

question 33

Multiple Choice

The purpose of a SWOT analysis is to assess

• A) strengths, weaknesses, opportunities, and threats.
• B) strategy, weaknesses, options, and time.
• C) satisfactions, worst options, and trade-offs.
• D) successes, winners, and ominous threats.

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Definitions:

Process Costing System

A method of assigning production costs to units of output by averaging the total costs over all units produced, suitable for manufacturing processes producing homogeneous products.

Weighted Average Method

An inventory costing method that calculates the cost of goods sold based on the average cost of all items, weighted by the quantity.

Process Costing System

A costing method used for homogenous products, systematically allocating production costs to units of output.

Weighted Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all inventory items.