Question 1

Apartment complexes for the elderly have increased across the United States.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.

Accepted Answer

A) True 
 B)False

Question 4

Agree or disagree with and discuss the following statement: "Corporate intelligence is not corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public."

Accepted Answer

Agree. Firms need an effective competiti

Question 5

Running a competitive intelligence program requires lots of people, computers, and other resources.

Accepted Answer

A) True 
 B)False

Question 6

When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit?

Accepted Answer

A)  Economic 
B)  Political 
C)  Technological 
D)  Competitive 
E)  Multinational 
A)  Economic 
B)  Political 
C)  Technological 
D)  Competitive 
E)  Multinational

Question 7

The United States is getting older and less white.

Accepted Answer

A) True 
 B)False

Question 8

All of the following are political, governmental, and legal variables that can represent key opportunities or threats to organizations EXCEPT

Accepted Answer

A)  special tariffs 
B)  environmental protection laws 
C)  world oil, currency, and labor markets 
D)  legislation on equal employment 
E)  population changes by race, age, sex, and level of affluence 
A)  special tariffs 
B)  environmental protection laws 
C)  world oil, currency, and labor markets 
D)  legislation on equal employment 
E)  population changes by race, age, sex, and level of affluence

Question 9

Explain how the Internet is changing businesses around the world.

Accepted Answer

The Internet is changing the very nature

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

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called

Accepted Answer

A)  unethical business practice. 
B)  artificial intelligence. 
C)  competitive intelligence. 
D)  industrial espionage. 
E)  competitive advantage. 
A)  unethical business practice. 
B)  artificial intelligence. 
C)  competitive intelligence. 
D)  industrial espionage. 
E)  competitive advantage.

Question 12

Qualitative forecasts are most appropriate when historical data are available and when the relationships among key variables are expected to remain the same in the future.

Accepted Answer

A) True 
 B)False

Question 13

Hiring top executives from rival firms is a way companies obtain competitive intelligence.

Accepted Answer

A) True 
 B)False

Question 14

The low value of the dollar benefits the U.S. economy in many ways.

Accepted Answer

A) True 
 B)False

Question 15

Forecasts are educated assumptions about future trends and events.

Accepted Answer

A) True 
 B)False

Question 16

Unpublished sources of external strategic information include all of the following EXCEPT

Accepted Answer

A)  abstracts 
B)  customer surveys 
C)  market research 
D)  speeches at professional and shareholders' meetings 
E)  conversations with stakeholders 
A)  abstracts 
B)  customer surveys 
C)  market research 
D)  speeches at professional and shareholders' meetings 
E)  conversations with stakeholders

Question 17

An external audit focuses on identifying and evaluating trends and events within the control of management.

Accepted Answer

A) True 
 B)False

Question 18

It is predicted that, by 2025, over 18% of the population in the United States will be 65 years or older.

Accepted Answer

A) True 
 B)False

Question 19

India is increasing tariffs on foreign steel.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Apartment complexes for the elderly have increased across the United States.

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

In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.

Agree or disagree with and discuss the following statement: "Corporate intelligence is not corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public."

Running a competitive intelligence program requires lots of people, computers, and other resources.

When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit?

The United States is getting older and less white.

All of the following are political, governmental, and legal variables that can represent key opportunities or threats to organizations EXCEPT

Explain how the Internet is changing businesses around the world.

Intensity of competition ________ in lower-return industries.

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called

Qualitative forecasts are most appropriate when historical data are available and when the relationships among key variables are expected to remain the same in the future.

Hiring top executives from rival firms is a way companies obtain competitive intelligence.

The low value of the dollar benefits the U.S. economy in many ways.

Forecasts are educated assumptions about future trends and events.

Unpublished sources of external strategic information include all of the following EXCEPT

An external audit focuses on identifying and evaluating trends and events within the control of management.

It is predicted that, by 2025, over 18% of the population in the United States will be 65 years or older.

India is increasing tariffs on foreign steel.

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

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, Financeaccounting, RD, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethicssocial Responsibilityenvironmental Sustainability

Globalinternational Issues

Filters

Exam 3: The External Assessment

Apartment complexes for the elderly have increased across the United States.

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

In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.

Agree or disagree with and discuss the following statement: "Corporate intelligence is not corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public."

Running a competitive intelligence program requires lots of people, computers, and other resources.

When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit?

The United States is getting older and less white.

All of the following are political, governmental, and legal variables that can represent key opportunities or threats to organizations EXCEPT

Explain how the Internet is changing businesses around the world.

Intensity of competition ________ in lower-return industries.

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called

Qualitative forecasts are most appropriate when historical data are available and when the relationships among key variables are expected to remain the same in the future.

Hiring top executives from rival firms is a way companies obtain competitive intelligence.

The low value of the dollar benefits the U.S. economy in many ways.

Forecasts are educated assumptions about future trends and events.

Unpublished sources of external strategic information include all of the following EXCEPT

An external audit focuses on identifying and evaluating trends and events within the control of management.

It is predicted that, by 2025, over 18% of the population in the United States will be 65 years or older.

India is increasing tariffs on foreign steel.

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

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, Financeaccounting, RD, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethicssocial Responsibilityenvironmental Sustainability

Globalinternational Issues

Filters