
Business Analysis Quiz

Quiz
•
Business
•
2nd Grade
•
Easy
Jide Babatope
Used 1+ times
FREE Resource
34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the learning objectives mentioned in the document?
Learn how to cook a meal.
Carry out a SWOT analysis and explain how it may support change.
Understand the history of art.
Learn to play a musical instrument.
Answer explanation
The correct choice, 'Carry out a SWOT analysis and explain how it may support change,' aligns with a learning objective focused on strategic planning and organizational change, which is often emphasized in educational documents.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What analysis is used to inform business decisions according to the document?
SWOT analysis
PESTLE analysis
Financial analysis
Market analysis
Answer explanation
PESTLE analysis is used to assess external factors affecting a business, such as political, economic, social, technological, legal, and environmental influences, making it crucial for informed business decisions.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a SWOT analysis used for?
To plan a party
To form plans for future developments
To cook a meal
To write a story
Answer explanation
A SWOT analysis is a strategic planning tool used to identify strengths, weaknesses, opportunities, and threats, helping organizations form plans for future developments.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are considered internal factors in a SWOT analysis?
Opportunities and threats
Strengths and weaknesses
Colors and shapes
Numbers and letters
Answer explanation
In a SWOT analysis, internal factors refer to strengths and weaknesses. These are aspects within the organization that can be controlled, unlike opportunities and threats, which are external factors.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where do opportunities and threats mainly come from in a SWOT analysis?
Internal factors
External factors
Imaginary factors
Magical factors
Answer explanation
In a SWOT analysis, opportunities and threats arise from external factors, such as market trends and competition, while internal factors relate to strengths and weaknesses. Therefore, the correct answer is external factors.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one strength of an organization according to the SWOT analysis?
Having a well-motivated workforce
Having outdated technology
Having a bad reputation
Having no new products
Answer explanation
A well-motivated workforce is a key strength in SWOT analysis, as it enhances productivity, fosters innovation, and improves employee retention, contributing positively to the organization's overall performance.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does being open to leading-edge production technologies mean for an organization?
Using old methods
Ignoring new ideas
Embracing new technologies
Avoiding change
Answer explanation
Being open to leading-edge production technologies means an organization is willing to embrace new technologies, which can enhance efficiency and innovation, rather than relying on outdated methods or avoiding change.
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