The Goal of a SWOT Analysis Is To

question 12

Multiple Choice

The goal of a SWOT analysis is to:

• A)identify those critical factors that can have a major effect on the firm.
• B)keep top management happy.
• C)discover areas for diversified investment outside the firm's marketing areas.
• D)develop new products for new market segments.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the accounting books but have not yet been cashed or cleared by the bank.

Non-Sufficient Funds

A situation where a bank account does not have enough money to cover a transaction, resulting in a failed payment.

Outstanding Checks

Checks that have been issued by a company but have not yet been cashed or cleared by the bank upon which they are drawn.

Bank Statement

A monthly report from a bank that shows deposits recorded, checks cleared, other debits and credits, and a running bank balance. This same information is available on a daily basis from the bank’s online banking site.