When a Firm Makes Use of the SWOT Analysis,one of Its

question 185

Multiple Choice

When a firm makes use of the SWOT analysis,one of its objectives is to:

• A)identify the best employees to fill each position within the organization.
• B)set specific short-term performance standards for each department.
• C)evaluate the desirability of issuing stocks or bonds in the current financial climate.
• D)identify the things it does well as an organization and the things it needs to improve.

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Definitions:

Cognitive Psychology

A branch of psychology that studies mental processes including how people think, perceive, remember, and learn.

Problem Solving

The process of identifying a problem, generating possible solutions, and implementing a solution.

Neo-Freudians

Psychologists who were influenced by and extended Freud's theories, typically focusing more on social and environmental factors.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.