Question 1

By 2050, the Census Bureau projects that the number of Americans age 100 and older will dramatically decrease.

Accepted Answer

A) True 
 B)False

Question 2

Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms tends to

Accepted Answer

A)  stay the same. 
B)  increase. 
C)  decrease. 
D)  neutralize. 
E)  become irrelevant. 
A)  stay the same. 
B)  increase. 
C)  decrease. 
D)  neutralize. 
E)  become irrelevant.

Question 3

A low value of the dollar means lower exports and higher imports.

Accepted Answer

A) True 
 B)False

Question 4

While forecasts might not be perfect, they are never wildly inaccurate.

Accepted Answer

A) True 
 B)False

Question 5

Political forecasts can be the most important part of an external audit for firms that depend heavily on government contracts.

Accepted Answer

A) True 
 B)False

Question 6

A total weighted score of ________ in an External Factor Evaluation (EFE) Matrix indicates that an organization is responding in an outstanding way to existing opportunities and threats in its industry.

Accepted Answer

A)  1.0 
B)  4.0 
C)  5.0 
D)  10.0 
E)  100.0 
A)  1.0 
B)  4.0 
C)  5.0 
D)  10.0 
E)  100.0

Question 7

Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix, the highest possible total weighted score for an organization is 4.0, and the lowest possible total weighted score is 0.0.

Accepted Answer

A) True 
 B)False

Question 8

Organizations never develop their own projections.

Accepted Answer

A) True 
 B)False

Question 9

In general, what happens to American goods in overseas markets when there is a strong dollar?

Accepted Answer

A)  They are less expensive. 
B)  They are more attractive. 
C)  They are cheaper. 
D)  They are more expensive. 
E)  They are desirable. 
A)  They are less expensive. 
B)  They are more attractive. 
C)  They are cheaper. 
D)  They are more expensive. 
E)  They are desirable.

Question 10

Erosion of the U.S. manufacturing base is reflected in the sharp increase in labor union membership in the last decade.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A)  tariffs. 
B)  environmental regulations. 
C)  level of defense expenditures. 
D)  legislation on equal employment. 
E)  population changes by race, age, sex, and level of affluence. 
A)  tariffs. 
B)  environmental regulations. 
C)  level of defense expenditures. 
D)  legislation on equal employment. 
E)  population changes by race, age, sex, and level of affluence.

Question 12

Which of the following is NOT a characteristic that describes the most competitive companies in America?

Accepted Answer

A)  Divestiture is essential to growth. 
B)  Hire and retain the best employees and managers possible. 
C)  Continually adapt, innovate, improve-especially when the firm is successful. 
D)  Strive to stay cost-competitive on a global basis. 
E)  Whether it's broke or not, fix it. 
A)  Divestiture is essential to growth. 
B)  Hire and retain the best employees and managers possible. 
C)  Continually adapt, innovate, improve-especially when the firm is successful. 
D)  Strive to stay cost-competitive on a global basis. 
E)  Whether it's broke or not, fix it.

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

What is the first step in designing an External Factor Evaluation (EFE) Matrix?

Accepted Answer

A)  Identifying key external factors 
B)  Summing the weighted score for each competitor 
C)  Calculating the sales of each competitor 
D)  Drawing the horizontal and vertical lines for the matrix 
E)  Determining four competitors 
A)  Identifying key external factors 
B)  Summing the weighted score for each competitor 
C)  Calculating the sales of each competitor 
D)  Drawing the horizontal and vertical lines for the matrix 
E)  Determining four competitors

Question 15

The Fuld & Co. website explains that the term competitive intelligence is a polite way of referring to corporate espionage.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Discuss the Industrial Organization (I/O) approach in relation to competitive advantage.

Accepted Answer

The I/O approach to competitive advantag

Question 18

The process of performing an external audit needs to include

Accepted Answer

A)  only top level managers, as it is a planning function. 
B)  as many managers and employees as possible. 
C)  primarily front-line supervisors. 
D)  between 15 to 20 managers for it to be valid. 
E)  stockholders and external government agencies. 
A)  only top level managers, as it is a planning function. 
B)  as many managers and employees as possible. 
C)  primarily front-line supervisors. 
D)  between 15 to 20 managers for it to be valid. 
E)  stockholders and external government agencies.

Question 19

Standard & Poor's NetAdvantage does not provide online access to

Accepted Answer

A)  Standard & Poor's Industry Surveys. 
B)  Mergent's (formerly Moody's/FISOnline) Manuals. 
C)  stock reports. 
D)  The Outlook. 
E)  mutual fund reports. 
A)  Standard & Poor's Industry Surveys. 
B)  Mergent's (formerly Moody's/FISOnline) Manuals. 
C)  stock reports. 
D)  The Outlook. 
E)  mutual fund reports.

Question 20

It is predicted that the United States will have no racial or ethnic majorities by the year

Accepted Answer

A)  2035. 
B)  2045. 
C)  2055. 
D)  2065. 
E)  2075. 
A)  2035. 
B)  2045. 
C)  2055. 
D)  2065. 
E)  2075.

By 2050, the Census Bureau projects that the number of Americans age 100 and older will dramatically decrease.

Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms tends to

A low value of the dollar means lower exports and higher imports.

While forecasts might not be perfect, they are never wildly inaccurate.

Political forecasts can be the most important part of an external audit for firms that depend heavily on government contracts.

A total weighted score of ________ in an External Factor Evaluation (EFE) Matrix indicates that an organization is responding in an outstanding way to existing opportunities and threats in its industry.

Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix, the highest possible total weighted score for an organization is 4.0, and the lowest possible total weighted score is 0.0.

Organizations never develop their own projections.

In general, what happens to American goods in overseas markets when there is a strong dollar?

Erosion of the U.S. manufacturing base is reflected in the sharp increase in labor union membership in the last decade.

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

Which of the following is NOT a characteristic that describes the most competitive companies in America?

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

What is the first step in designing an External Factor Evaluation (EFE) Matrix?

The Fuld & Co. website explains that the term competitive intelligence is a polite way of referring to corporate espionage.

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

Discuss the Industrial Organization (I/O) approach in relation to competitive advantage.

The process of performing an external audit needs to include

Standard & Poor's NetAdvantage does not provide online access to

It is predicted that the United States will have no racial or ethnic majorities by the year

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, 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

By 2050, the Census Bureau projects that the number of Americans age 100 and older will dramatically decrease.

Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms tends to

A low value of the dollar means lower exports and higher imports.

While forecasts might not be perfect, they are never wildly inaccurate.

Political forecasts can be the most important part of an external audit for firms that depend heavily on government contracts.

A total weighted score of ________ in an External Factor Evaluation (EFE) Matrix indicates that an organization is responding in an outstanding way to existing opportunities and threats in its industry.

Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix, the highest possible total weighted score for an organization is 4.0, and the lowest possible total weighted score is 0.0.

Organizations never develop their own projections.

In general, what happens to American goods in overseas markets when there is a strong dollar?

Erosion of the U.S. manufacturing base is reflected in the sharp increase in labor union membership in the last decade.

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

Which of the following is NOT a characteristic that describes the most competitive companies in America?

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

What is the first step in designing an External Factor Evaluation (EFE) Matrix?

The Fuld & Co. website explains that the term competitive intelligence is a polite way of referring to corporate espionage.

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

Discuss the Industrial Organization (I/O) approach in relation to competitive advantage.

The process of performing an external audit needs to include

Standard & Poor's NetAdvantage does not provide online access to

It is predicted that the United States will have no racial or ethnic majorities by the year

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters