EOPA 2018 Review

___________ describe what an organization excels at and separates it from the competition: things like a strong brand, loyal customer base, strong balance sheet, unique technology and so on. 

• Strengths 
• Weaknesses
• Threats 
• Opportunities 

______refer to favorable external factors that an organization can use to give it a competitive advantage. 

• Weaknesses 
• Opportunities 
• Threats 
• Strengths 

_______ refers to factors that have the potential to harm an organization.

• Strengths 
• Opportunities 
• Threats 
• Weaknesses

______ stop an organization from performing at its optimum level.

• Strengths
• Threats
• Opportunities 
• Weaknesses 

Areas areas where the business needs to improve to remain competitive: things like higher-than- industry average turnover, high levels of debt, an inadequate supply chain or lack of capital is an example of which category in the SWOT Analysis? 

• Strengths
• Weaknesses 
• Opportunities 
• Threats 

A car manufacturer may be able to export its cars into a new market, increasing sales and market share, if tariffs in a country are substantially reduced – the "opportunity" in this case is an example of which category in the SWOT Analysis? 

• Strength 
• Opportunity 
• Weakness
• Threat 

A hedge fund may have developed a proprietary trading strategy that returns market-beating results; it must then decide how to use those results to attract new investors is an example of which category in the SWOT Analysis? 

• Strength
• Weakness
• Opportunity 
• Threat 

 A drought is a threat to a wheat-producing company, as it may destroy or reduce the yield of the crop. Other common threats include things like rising costs for inputs, increasing competition, tight labor supply, etc.,  is an example of which category in the SWOT Analysis? 

• Strength 
• Weakness 
• Opportunity
• Threat 

What is the purpose of a disaster recovery plan or business continuity plan? 

• prepare your business in the event of service outage caused by factors beyond your control 
• restore servides to widest extent possible in a short time 
• prepare for natural disasters 
• all of these 

When preparing for a Disaster Recovery or Emergency, you should do which of the following: 

• Compile emergency phone numbers and floor  plans, and important records tagged for quick removal.
• Educate employees about emergency plans 
• Practice emergency drills regularly
• all of these