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EXTERNAL FACTOR ANALYSIS MATRIX

Quiz by Harold N. Noga

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10 questions
Show answers
  • Q1
    The EFE matrix process uses five steps. The 3rd step in EFE matrix process is:
    listing each factors
    multiplying weights by rating
    assigning weights to each factor
    assigning rating to each factor
    45s
  • Q2
    In EFE matrix process to calculate the total weighted score for a company one has to:
    Add all the wieghted percentage for each factor
    add all weighted scores for each factor
    Multiply each factor weight with its rating
    Add all the ratings for each factor then divide by the number of factors.
    60s
  • Q3
    The first step in EFE matrix analysis is to gather a list of external factors which also include the division of factors into strengths and weaknesses.
    True
    False
    45s
  • Q4
    Ratings are industry-specific.
    True
    False
    30s
  • Q5
    Assigning weight to each identified crucial factors is important to for the company identify which among the factors are most crucial as well as the least crucial to the industry.
    True
    False
    30s
  • Q6
    Weight are company-specific.
    False
    True
    30s
  • Q7
    Ratings are company-specific.
    True
    False
    30s
  • Q8
    Rating each factor (located in the 3rd column) indicates how effective the firm’s current strategies respond to the factor.
    True
    False
    30s
  • Q9
    In EFE matrix Weight column is located in
    Column 2 next to list of factor column 1
    Column 3 next to rating column 2
    column 1
    Column 4 next to rating column 3
    30s
  • Q10
    Total weighted score of 2.00 given the following scale 1 = poor response 2 = below average response 3 = above average response and 4 = superior response would mean:
    that the company has a bit below average response to external factors in the industry.
    that the company has slightly strong average response to external factors in the industry.
    that the company has poor response to external factors in the industry.
    that the company has below average response to external factors in the industry.
    60s

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