EXTERNAL ASSESSMENT

EXTERNAL ASSESSMENT

University

10 Qs

quiz-placeholder

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EXTERNAL ASSESSMENT

EXTERNAL ASSESSMENT

Assessment

Quiz

Other

University

Medium

Created by

DR MOKTHAR

Used 20+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of an external audit?

To identify key variables that offer actionable responses

To evaluate the internal strengths and weaknesses of a firm

To analyze the financial performance of a firm

To assess the effectiveness of a firm's marketing strategies

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not a key external force that impacts organizations?

Economic forces

Social, cultural, demographic, and environmental forces

Internal organizational factors

Technological forces

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is Porter's Five-Forces Model?

A model that assesses the internal strengths and weaknesses of a firm

A model that analyzes the competitive forces in an industry

A model that evaluates the social and cultural factors affecting an organization

A model that predicts future economic trends

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are forecasting tools and techniques used for?

To make educated assumptions about future trends and events

To analyze the financial performance of a firm

To evaluate the internal strengths and weaknesses of a firm

To assess the effectiveness of a firm's marketing strategies

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of an External Factor Evaluation (EFE) Matrix?

To summarize and evaluate key external factors

To analyze the competitive profile of a firm

To forecast future industry trends

To assess the financial performance of a firm

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of a Competitive Profile Matrix (CPM)?

To identify and evaluate key external forces

To assess the competitive strengths and weaknesses of rival firms

To analyze the social and cultural factors affecting an organization

To forecast future economic trends

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the most powerful of the five forces in Porter's Five-Forces Model?

Rivalry among competing firms

Potential entry of new competitors

Potential development of substitute products

Bargaining power of suppliers

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