Society For Human Resource Management (SHRM) Certified Professional Practice Exam

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Study for the SHRM Certified Professional Exam with flashcards and multiple choice questions. Each question includes hints and explanations to help you understand key HR concepts. Prepare for your certification with confidence!

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Which of the following is not part of a SWOT analysis in business?

Strengths of the organization and operations
Outside threats to the business
Workers compensation
Opportunities for development

The correct answer is: Workers compensation

The correct answer is that workers' compensation is not part of a SWOT analysis in business. A SWOT analysis focuses on four key areas: strengths, weaknesses, opportunities, and threats related to the organization. Strengths are the internal attributes and resources that support a successful outcome, while weaknesses are internal factors that might hinder the organization. Opportunities represent external factors that the organization could capitalize on for growth, and threats refer to external challenges that could jeopardize its performance. Workers' compensation, however, pertains specifically to the insurance and legal responsibilities a business has regarding its employees' injuries and illnesses. While it is an important aspect of human resources and business operations, it does not fit within the framework of SWOT analysis since it does not directly align with assessing an organization’s internal strengths or weaknesses, nor external opportunities or threats in a broad strategic context.