Question 1

A barrier to entry is a condition that prevents customers from using a firm's products or services.

Accepted Answer

A) True 
 B)False  False

Question 2

Scenario B. You and a fellow investor are investigating the possibility of starting a new casino in Black Hawk, Colorado, a small town in the Rocky Mountains. It has been your lifelong dream. You have won the lottery and are trying to decide if this is what you want to do with your prize money. You decide to do an analysis of the competitive environment. After your analysis, you discover several important issues. First, it will cost most of your lottery winnings to finance a casino in Black Hawk! Second, it will be difficult to attract new customers because they have so many choices available to them in Black Hawk and the surrounding small towns. Finally, the competition in the casino industry is considered "fierce" by industry analysts and this is frightening to someone who has never even worked in the casino industry.
-The information that you have collected in your competitive analysis can be referred to as

Accepted Answer

A) forecasting. 
B) competitive intelligence. 
C) environmental scanning. 
D) benchmarking. 
E) scenario development. 
A) forecasting. 
B) competitive intelligence. 
C) environmental scanning. 
D) benchmarking. 
E) scenario development. B

Question 3

Scenario B. You and a fellow investor are investigating the possibility of starting a new casino in Black Hawk, Colorado, a small town in the Rocky Mountains. It has been your lifelong dream. You have won the lottery and are trying to decide if this is what you want to do with your prize money. You decide to do an analysis of the competitive environment. After your analysis, you discover several important issues. First, it will cost most of your lottery winnings to finance a casino in Black Hawk! Second, it will be difficult to attract new customers because they have so many choices available to them in Black Hawk and the surrounding small towns. Finally, the competition in the casino industry is considered "fierce" by industry analysts and this is frightening to someone who has never even worked in the casino industry.
-The analysis of the competitive environment that you have conducted utilized the work of

Accepted Answer

A) Frederick Taylor. 
B) Michael Porter. 
C) Abraham Maslow. 
D) Douglas McGregor. 
E) Lillian Gilbreth. 
A) Frederick Taylor. 
B) Michael Porter. 
C) Abraham Maslow. 
D) Douglas McGregor. 
E) Lillian Gilbreth. B

Question 4

The entrance by a company into another market or industry for which it has an existing expertise is called

Accepted Answer

A) a cooperative strategy. 
B) strategic maneuvering. 
C) a strategic alliance. 
D) domain selection. 
E) cooptation. 
A) a cooperative strategy. 
B) strategic maneuvering. 
C) a strategic alliance. 
D) domain selection. 
E) cooptation.

Question 5

One reason that the labor force will not be more ethnically diverse than it is today is due to the immigration situation.

Accepted Answer

A) True 
 B)False

Question 6

A firm's current competition,suppliers,customers and the threat of new entrants or of substitutes are all elements in the

Accepted Answer

A) task environment. 
B) microenvironment. 
C) Porter model for competitive analysis. 
D) industrial microenvironment. 
E) Peters model for organizational excellence. 
A) task environment. 
B) microenvironment. 
C) Porter model for competitive analysis. 
D) industrial microenvironment. 
E) Peters model for organizational excellence.

Question 7

In a dynamic environment,bureaucratic organizations are more efficient than organic organizations.

Accepted Answer

A) True 
 B)False

Question 8

Scenario B. You and a fellow investor are investigating the possibility of starting a new casino in Black Hawk, Colorado, a small town in the Rocky Mountains. It has been your lifelong dream. You have won the lottery and are trying to decide if this is what you want to do with your prize money. You decide to do an analysis of the competitive environment. After your analysis, you discover several important issues. First, it will cost most of your lottery winnings to finance a casino in Black Hawk! Second, it will be difficult to attract new customers because they have so many choices available to them in Black Hawk and the surrounding small towns. Finally, the competition in the casino industry is considered "fierce" by industry analysts and this is frightening to someone who has never even worked in the casino industry.
-The fact that it will require such a large capital investment to start a new casino is an example of which of the following factors?

Accepted Answer

A) High bargaining power of customers 
B) Low threat of new entrants 
C) High threat of new entrants 
D) Many substitute products 
E) Low bargaining power of customers 
A) High bargaining power of customers 
B) Low threat of new entrants 
C) High threat of new entrants 
D) Many substitute products 
E) Low bargaining power of customers

Question 9

Which of the following can be a useful clue about an organization's culture?

Accepted Answer

A) The way people within the organization dress and behave 
B) Information printed in the media from sources outside the company 
C) The macroenvironment 
D) Environmental scanning 
E) The industrial environment 
A) The way people within the organization dress and behave 
B) Information printed in the media from sources outside the company 
C) The macroenvironment 
D) Environmental scanning 
E) The industrial environment

Question 10

A customer who purchases raw materials or wholesale products before selling them is called a(n)

Accepted Answer

A) final customer. 
B) middle customer. 
C) intermediate consumer. 
D) first tier supplier. 
E) preliminary customer. 
A) final customer. 
B) middle customer. 
C) intermediate consumer. 
D) first tier supplier. 
E) preliminary customer.

Question 11

Immigration patterns influence the management of the U.S.labor force.Discuss.

Accepted Answer

Immigration patterns have a significant

Question 12

Environmental scanning means sorting through information available to the public to interpret what is important and what is not.

Accepted Answer

A) True 
 B)False

Question 13

Amy Jane,a new manager at Delectable Baked goods,has been asked to focus on the competitive environment of the organization.Which of these factors is among those that Amy Jane should focus on?

Accepted Answer

A) Government policies 
B) Demographics 
C) Suppliers 
D) Technology 
E) Social factors 
A) Government policies 
B) Demographics 
C) Suppliers 
D) Technology 
E) Social factors

Question 14

Conditions which may prevent new firms from entering an industry (i.e. ,the use of patents)are referred to as

Accepted Answer

A) barriers to entry. 
B) roadblocks. 
C) unfair trade practices. 
D) insider trading. 
E) trade protectionism. 
A) barriers to entry. 
B) roadblocks. 
C) unfair trade practices. 
D) insider trading. 
E) trade protectionism.

Question 15

Differentiate between unattractive and attractive competitive environments,using Porter's Model of the competitive environment and give an example for each situation.

Accepted Answer

Unattractive competitive environments, a

Question 16

Strategies that an organization acting on its own uses to change some aspect of its current environment are called

Accepted Answer

A) flexible strategies. 
B) buffering strategies. 
C) independent strategies. 
D) smoothing strategies. 
E) cooperative strategies. 
A) flexible strategies. 
B) buffering strategies. 
C) independent strategies. 
D) smoothing strategies. 
E) cooperative strategies.

Question 17

Environmental uncertainty results from

Accepted Answer

A) complexity 
B) simplicity. 
C) cooperation. 
D) simple issues. 
E) a incrementally changing environment. 
A) complexity 
B) simplicity. 
C) cooperation. 
D) simple issues. 
E) a incrementally changing environment.

Question 18

A value chain is the managing of the network of facilities and people that obtain materials from outside the organization,transform them into products,and distribute them to customers.

Accepted Answer

A) True 
 B)False

Question 19

Fixed costs buyers face if they change suppliers are called

Accepted Answer

A) changing costs. 
B) switching costs. 
C) supplier costs. 
D) retailer costs. 
E) sunk costs. 
A) changing costs. 
B) switching costs. 
C) supplier costs. 
D) retailer costs. 
E) sunk costs.

Question 20

Which of the following approaches is effective for top management to use to manage the positive corporate culture effectively?

Accepted Answer

A) Executives must not give too much attention to the mundane details of daily affairs. 
B) Executives must allow the organization to develop lofty ideas and visions for the company and then it is up to others in the organization to follow through on these ideas and visions,not the executives. 
C) CEOS and other executives should always make choices that contribute to profit even if this means not quite living up to the company's values. 
D) Hire and promote employees on the basis of the organization's corporate values. 
E) All of the above are effective for top management to use to manage the corporate culture effectively. 
A) Executives must not give too much attention to the mundane details of daily affairs. 
B) Executives must allow the organization to develop lofty ideas and visions for the company and then it is up to others in the organization to follow through on these ideas and visions,not the executives. 
C) CEOS and other executives should always make choices that contribute to profit even if this means not quite living up to the company's values. 
D) Hire and promote employees on the basis of the organization's corporate values. 
E) All of the above are effective for top management to use to manage the corporate culture effectively.

A barrier to entry is a condition that prevents customers from using a firm's products or services.

The entrance by a company into another market or industry for which it has an existing expertise is called

One reason that the labor force will not be more ethnically diverse than it is today is due to the immigration situation.

A firm's current competition,suppliers,customers and the threat of new entrants or of substitutes are all elements in the

In a dynamic environment,bureaucratic organizations are more efficient than organic organizations.

Which of the following can be a useful clue about an organization's culture?

A customer who purchases raw materials or wholesale products before selling them is called a(n)

Immigration patterns influence the management of the U.S.labor force.Discuss.

Environmental scanning means sorting through information available to the public to interpret what is important and what is not.

Amy Jane,a new manager at Delectable Baked goods,has been asked to focus on the competitive environment of the organization.Which of these factors is among those that Amy Jane should focus on?

Conditions which may prevent new firms from entering an industry (i.e. ,the use of patents)are referred to as

Differentiate between unattractive and attractive competitive environments,using Porter's Model of the competitive environment and give an example for each situation.

Strategies that an organization acting on its own uses to change some aspect of its current environment are called

Environmental uncertainty results from

A value chain is the managing of the network of facilities and people that obtain materials from outside the organization,transform them into products,and distribute them to customers.

Fixed costs buyers face if they change suppliers are called

Which of the following approaches is effective for top management to use to manage the positive corporate culture effectively?

Managing

Managerial Decision Making

Planning and Strategic Management

Ethics and Corporate Responsibility

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Team-Work

Communicating

Managerial Control

Managing Technology and Innovation

Creating and Managing Change

Filters

Exam 2: The External Environment and Organizational Culture

A barrier to entry is a condition that prevents customers from using a firm's products or services.

The entrance by a company into another market or industry for which it has an existing expertise is called

One reason that the labor force will not be more ethnically diverse than it is today is due to the immigration situation.

A firm's current competition,suppliers,customers and the threat of new entrants or of substitutes are all elements in the

In a dynamic environment,bureaucratic organizations are more efficient than organic organizations.

Which of the following can be a useful clue about an organization's culture?

A customer who purchases raw materials or wholesale products before selling them is called a(n)

Immigration patterns influence the management of the U.S.labor force.Discuss.

Environmental scanning means sorting through information available to the public to interpret what is important and what is not.

Amy Jane,a new manager at Delectable Baked goods,has been asked to focus on the competitive environment of the organization.Which of these factors is among those that Amy Jane should focus on?

Conditions which may prevent new firms from entering an industry (i.e. ,the use of patents)are referred to as

Differentiate between unattractive and attractive competitive environments,using Porter's Model of the competitive environment and give an example for each situation.

Strategies that an organization acting on its own uses to change some aspect of its current environment are called

Environmental uncertainty results from

A value chain is the managing of the network of facilities and people that obtain materials from outside the organization,transform them into products,and distribute them to customers.

Fixed costs buyers face if they change suppliers are called

Which of the following approaches is effective for top management to use to manage the positive corporate culture effectively?

Managing

Managerial Decision Making

Planning and Strategic Management

Ethics and Corporate Responsibility

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Team-Work

Communicating

Managerial Control

Managing Technology and Innovation

Creating and Managing Change

Filters