Business Analysis Quiz

Which of the following is an example of an intangible asset?

• Computer hardware

• Financial resources

• Patents

• Brand names

Why is it important for business analysts to identify internal assets?

• To create marketing materials

• To understand the resources available in the current state

• To reduce costs

• To streamline hiring processes

What do external influences on an enterprise typically present?

• Opportunities for immediate profit

• Constraints, dependencies, or drivers on the current state

• Guaranteed success in change initiatives

• Increased employee engagement

Why is industry structure an important external influencer?

• It has no impact on proposed changes.

• It defines how value is created within the industry, especially if entering a new industry.

• It focuses solely on internal processes.

• It only affects marketing strategies.

How can competitors influence an enterprise?

• By providing financial support

• By changing the nature of the industry or increasing competition

• By enhancing employee training

• By offering customer loyalty programs

What role do customers play as external influencers?

• They dictate all company policies.

• They influence negotiating power and price sensitivity, and may demand greater value.

• They have no impact on business strategies.

• They are solely responsible for product development.

Which external factor relates to the influence of laws and regulations on an industry?

• Industry structure

• Political and regulatory environment

• Competitors

• Technology

How might technological innovations serve as external influencers?

• By decreasing the need for change

• By enhancing productivity and influencing the need for change

• By standardizing employee roles

• By increasing costs across the board

What do macroeconomic factors include?

• Only internal business metrics

• Constraints and opportunities within the existing and expected economic environment

• Employee satisfaction levels

• Individual company performance

How might terminology differ for external influencers between types of enterprises?

• There are no differences; terminology is the same for all.

• For-profit corporations use different terms than non-profit enterprises and government agencies.

• Only government agencies use distinct terms.

• Non-profit enterprises have more technical terminology.