Question 1

The lingering high underemployment rate in the U.S. is an example of a(n)________ force affecting business.

Accepted Answer

A)  social 
B)  economic 
C)  cultural 
D)  technological 
E)  historical 
A)  social 
B)  economic 
C)  cultural 
D)  technological 
E)  historical

Question 2

In practice, critical technology decisions are too often delegated to lower organizational levels or are made without an understanding of their strategic implications.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following has largely refrained from protectionist measures?

Accepted Answer

A)  the EU 
B)  the U.S.A. 
C)  India 
D)  Russia 
E)  All of the above 
A)  the EU 
B)  the U.S.A. 
C)  India 
D)  Russia 
E)  All of the above

Question 4

________ perhaps has instituted the most protectionist measures in recent months by raising tariffs on most imports and subsidizing its own exports.

Accepted Answer

A)  Russia 
B)  The United States 
C)  The EU 
D)  India 
E)  Switzerland 
A)  Russia 
B)  The United States 
C)  The EU 
D)  India 
E)  Switzerland

Question 5

Assumptions have no place in planning.

Accepted Answer

A) True 
 B)False

Question 6

Freund emphasizes that key external factors should be all of these EXCEPT

Accepted Answer

A)  important to achieving long-term and annual objectives. 
B)  measurable. 
C)  relatively few in number. 
D)  applicable to all competing firms. 
E)  hierarchical in the sense that some will pertain to the overall company while others will be more narrowly focused. 
A)  important to achieving long-term and annual objectives. 
B)  measurable. 
C)  relatively few in number. 
D)  applicable to all competing firms. 
E)  hierarchical in the sense that some will pertain to the overall company while others will be more narrowly focused.

Question 7

Remaining solely domestic is an increasingly safer strategy for U.S. companies.

Accepted Answer

A) True 
 B)False

Question 8

Major competitors' strengths may represent key threats.

Accepted Answer

A) True 
 B)False

Question 9

The I/O approach to competitive advantage advocates that external factors are ________ internal factors in a firm achieving competitive advantage.

Accepted Answer

A)  less important than 
B)  equally important as 
C)  more important than 
D)  more common than 
E)  less common than 
A)  less important than 
B)  equally important as 
C)  more important than 
D)  more common than 
E)  less common than

Question 10

Intensity of competition ________ in lower-return industries.

Accepted Answer

A)  is lowest 
B)  is nonexistent 
C)  is highest 
D)  is not important 
E)  fluctuates 
A)  is lowest 
B)  is nonexistent 
C)  is highest 
D)  is not important 
E)  fluctuates

Question 11

The United States has been more active than other nations in protectionist measures and has engaged in many "Buy American" policies.

Accepted Answer

A) True 
 B)False

Question 12

Which statement about business intelligence is accurate?

Accepted Answer

A)  Intelligence gathering is an unethical business practice. 
B)  Running an intelligence program requires many people. 
C)  Running an intelligence program requires many computers and other resources. 
D)  Collecting intelligence about competitors violates antitrust laws. 
E)  Business intelligence is not equal to espionage. 
A)  Intelligence gathering is an unethical business practice. 
B)  Running an intelligence program requires many people. 
C)  Running an intelligence program requires many computers and other resources. 
D)  Collecting intelligence about competitors violates antitrust laws. 
E)  Business intelligence is not equal to espionage.

Question 13

Intelligence gathering is an unethical business practice.

Accepted Answer

A) True 
 B)False

Question 14

Motor vehicle firms in the United States are vulnerable when the value of the dollar falls against the yen and euro.

Accepted Answer

A) True 
 B)False

Question 15

Wild guesses should never be part of the planning process.

Accepted Answer

A) True 
 B)False

Question 16

U.S. households are making more and more purchases online.

Accepted Answer

A) True 
 B)False

Question 17

A forward integration strategy is used by firms to gain control or ownership of suppliers.

Accepted Answer

A) True 
 B)False

Question 18

The bargaining power of consumers can be the most important force impacting competitive advantage.

Accepted Answer

A) True 
 B)False

Question 19

Quantitative forecasts become less accurate as historical relationships become less stable.

Accepted Answer

A) True 
 B)False

Question 20

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.

Accepted Answer

Student answers will vary.They

The lingering high underemployment rate in the U.S. is an example of a(n)________ force affecting business.

In practice, critical technology decisions are too often delegated to lower organizational levels or are made without an understanding of their strategic implications.

Which of the following has largely refrained from protectionist measures?

________ perhaps has instituted the most protectionist measures in recent months by raising tariffs on most imports and subsidizing its own exports.

Assumptions have no place in planning.

Freund emphasizes that key external factors should be all of these EXCEPT

Remaining solely domestic is an increasingly safer strategy for U.S. companies.

Major competitors' strengths may represent key threats.

The I/O approach to competitive advantage advocates that external factors are ________ internal factors in a firm achieving competitive advantage.

Intensity of competition ________ in lower-return industries.

The United States has been more active than other nations in protectionist measures and has engaged in many "Buy American" policies.

Which statement about business intelligence is accurate?

Intelligence gathering is an unethical business practice.

Motor vehicle firms in the United States are vulnerable when the value of the dollar falls against the yen and euro.

Wild guesses should never be part of the planning process.

U.S. households are making more and more purchases online.

A forward integration strategy is used by firms to gain control or ownership of suppliers.

The bargaining power of consumers can be the most important force impacting competitive advantage.

Quantitative forecasts become less accurate as historical relationships become less stable.

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 3: The External Assessment

The lingering high underemployment rate in the U.S. is an example of a(n)________ force affecting business.

In practice, critical technology decisions are too often delegated to lower organizational levels or are made without an understanding of their strategic implications.

Which of the following has largely refrained from protectionist measures?

________ perhaps has instituted the most protectionist measures in recent months by raising tariffs on most imports and subsidizing its own exports.

Assumptions have no place in planning.

Freund emphasizes that key external factors should be all of these EXCEPT

Remaining solely domestic is an increasingly safer strategy for U.S. companies.

Major competitors' strengths may represent key threats.

The I/O approach to competitive advantage advocates that external factors are ________ internal factors in a firm achieving competitive advantage.

Intensity of competition ________ in lower-return industries.

The United States has been more active than other nations in protectionist measures and has engaged in many "Buy American" policies.

Which statement about business intelligence is accurate?

Intelligence gathering is an unethical business practice.

Motor vehicle firms in the United States are vulnerable when the value of the dollar falls against the yen and euro.

Wild guesses should never be part of the planning process.

U.S. households are making more and more purchases online.

A forward integration strategy is used by firms to gain control or ownership of suppliers.

The bargaining power of consumers can be the most important force impacting competitive advantage.

Quantitative forecasts become less accurate as historical relationships become less stable.

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters