Question 1

The high unemployment 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

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

Accepted Answer

A) True 
 B)False

Question 3

A total weighted score of _______ in an EFE Matrix indicates that the firm's strategies are NOT capitalizing on opportunities or avoiding external threats.

Accepted Answer

A)  0.0 
B)  1.0 
C)  2.5 
D)  3.3 
E)  4.0 
A)  0.0 
B)  1.0 
C)  2.5 
D)  3.3 
E)  4.0

Question 4

The United States' population is ________.

Accepted Answer

A)  getting younger and less white 
B)  getting younger and more white 
C)  getting older and less white 
D)  getting older and more white 
E)  remaining stable as to age and racial make up 
A)  getting younger and less white 
B)  getting younger and more white 
C)  getting older and less white 
D)  getting older and more white 
E)  remaining stable as to age and racial make up

Question 5

Which of the following is not a published source of external strategic information?

Accepted Answer

A)  periodicals 
B)  television programs 
C)  journals 
D)  reports 
E)  directories 
A)  periodicals 
B)  television programs 
C)  journals 
D)  reports 
E)  directories

Question 6

The critical success factors in a Competitive Profile Matrix are often the same as those in an EFE Matrix.

Accepted Answer

A) True 
 B)False

Question 7

According to Porter, what is usually the most powerful of the five competitive forces?

Accepted Answer

A)  Potential development of substitute products 
B)  Bargaining power of suppliers 
C)  Bargaining power of consumers 
D)  Rivalry among competing firms 
E)  Potential entry of new competitors 
A)  Potential development of substitute products 
B)  Bargaining power of suppliers 
C)  Bargaining power of consumers 
D)  Rivalry among competing firms 
E)  Potential entry of new competitors

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

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

A total weighted score of _______ in an EFE Matrix indicates that the firm's strategies are NOT capitalizing on opportunities or avoiding external threats.

The United States' population is ________.

Which of the following is not a published source of external strategic information?

The critical success factors in a Competitive Profile Matrix are often the same as those in an EFE Matrix.

According to Porter, what is usually the most powerful of the five competitive forces?

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

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

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

A total weighted score of _______ in an EFE Matrix indicates that the firm's strategies are NOT capitalizing on opportunities or avoiding external threats.

The United States' population is ________.

Which of the following is not a published source of external strategic information?

The critical success factors in a Competitive Profile Matrix are often the same as those in an EFE Matrix.

According to Porter, what is usually the most powerful of the five competitive forces?

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