Exam 2: The Management Environment

A major cause of the shutdown of a BMW assembly plant in South Carolina in 2010 was a bank crisis in Iceland.

Explain the phrase "demographics is destiny" and give an example of this idea in today's world.

The Total Freedom political party is trying to determine its position on climate change.Whom should the party consider as its stakeholders?

Strong cultures make a manager's job easy because all organizational policies, practices, and traditions are provided in writing for easy reference.

The age of a population is one of its most important demographics.

Marta is currently focusing her efforts on fundraising.She sees this generation as the cohort on which to focus most of her attention.

The greater the environmental uncertainty, the more an organization needs to become ________.

One element of Zappos' success is that it has limited selection, focusing on quality rather than a great number of different brands and styles.

A good manager considers the interests of all stakeholders equally when making an important decision.

Sony Corporation's focus on product innovation is an example of which of the following dimensions of organizational culture?

Which of the following best explains why increased regulations cannot be the complete solution to reforming the economy?

Which of the following phrases best characterizes the culture of an organization?

Experts now agree that the role of government in the U.S.economy will be greatly diminished in the years to come.

The U.S.economy has been the primary model for economic systems around the world.

Theodore and Janice have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers.Theodore has just gotten wind that engineers have developed a new computer system that works like the devices shown in the Steven Spielberg movie Minority Report in which users can control a sophisticated computer using their hands in midair.Janice sees this development as highly important to new games for TJ Soft.Which component of the external environment will affect TJ Soft the most in this situation?

The sociocultural component of the external environment of an organization includes trends and traditions, but not basic attitudes and values.

Having a strong culture can allow an organization to avoid any worry about ethics violations.

The culture of an organization is analogous to the ________ of an individual.

Theodore and Janice have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers.Theodore has just gotten wind from a highly reliable source that Congress is likely to take action in the coming year to ban violent games.TJ Soft has several games that could be considered violent.Which component of the external environment will affect TJ Soft the most in this situation?

The CEO of a major corporation experiences emotional problems and is treated for his condition by a psychiatrist.After being arrested and repeatedly behaving in bizarre and erratic ways, the company's board tries to oust the CEO but fails, so he remains in office.Following the failure to oust him from office, the CEO makes a series of brilliant decisions that vault the company into unprecedented success.Which of the following do the CEO's stakeholders have the most legitimate right to ask for?