Question 1

Western Allied Heath and Grant Pharmaceuticals have joined forces with one another to lobby against Medicare reform. This action is referred to as

Accepted Answer

A)  Contraction. 
B)  Coalition. 
C)  Cooptation. 
D)  Domain selection. 
E)  Benchmarking. 
A)  Contraction. 
B)  Coalition. 
C)  Cooptation. 
D)  Domain selection. 
E)  Benchmarking.

Question 2

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.

Question 3

New methods of communication, production, and even the development of entire new industries are the results of the changes in

Accepted Answer

A)  Demographics. 
B)  Societal preferences. 
C)  Politics. 
D)  Technology. 
E)  The economy. 
A)  Demographics. 
B)  Societal preferences. 
C)  Politics. 
D)  Technology. 
E)  The economy.

Question 4

Input chain management 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 5

Valley Organic Meats recently announced that it was selling off its pork division in order to realign itself more competitively in the marketing of its other products. This is an example of managing the task environment through

Accepted Answer

A)  Diversification. 
B)  Acquisition. 
C)  Merger. 
D)  Divestiture. 
E)  Domain selection. 
A)  Diversification. 
B)  Acquisition. 
C)  Merger. 
D)  Divestiture. 
E)  Domain selection.

Question 6

While the stock market can impact a firm, it has no effect on the behavior of individual managers.

Accepted Answer

A) True 
 B)False

Question 7

When microwave ovens were first introduced, they posed a potential threat to conventional oven producers. But the effect of microwaves on the sales of conventional ovens has been minimal; in fact, most homes today utilize both appliances. Oven technology has not advanced much lately and industry profits are flat. Based on this information,

Accepted Answer

A)  The threat of new entrants for either type of oven is high. 
B)  The threat of competitive rivalry for either type of oven is high. 
C)  The threat of new entrants for either type of oven is low. 
D)  The threat of substitutes for either type of oven is high. 
E)  The regulatory influence on these ovens is high and changing. 
A)  The threat of new entrants for either type of oven is high. 
B)  The threat of competitive rivalry for either type of oven is high. 
C)  The threat of new entrants for either type of oven is low. 
D)  The threat of substitutes for either type of oven is high. 
E)  The regulatory influence on these ovens is high and changing.

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

In determining how interest rates will change in the future, a manager would use

Accepted Answer

A)  Budgeting. 
B)  Scenario development. 
C)  Forecasting. 
D)  Benchmarking. 
E)  Environmental scanning. 
A)  Budgeting. 
B)  Scenario development. 
C)  Forecasting. 
D)  Benchmarking. 
E)  Environmental scanning.

Question 10

The research Margarita is using is called

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.

Question 11

_______________ means identifying the best-in-class performance by a company in your area and then comparing your processes to theirs.

Accepted Answer

A)  Scenario planning 
B)  Forecasting 
C)  Benchmarking 
D)  Environmental scanning 
E)  Adapting 
A)  Scenario planning 
B)  Forecasting 
C)  Benchmarking 
D)  Environmental scanning 
E)  Adapting

Question 12

April, a manager in a call center, encourages her employees to solve customers' problems without her approval of the particular situation. Here April has empowered her employees.

Accepted Answer

A) True 
 B)False

Question 13

An organization's macroenvironment includes its customers and suppliers.

Accepted Answer

A) True 
 B)False

Question 14

Provide an example and explanation of the natural environment's effect on the management of a specific organization.

Accepted Answer

One example of the natural environment's

Question 15

Contrast bureaucratic organizations with organic ones. In which environments is each most successful?

Accepted Answer

Bureaucratic organizations are character

Question 16

Attitude and behavior patterns that shape people's experience of an organization are

Accepted Answer

A)  The professional culture. 
B)  The organization climate. 
C)  The industrial environment. 
D)  A closed system. 
E)  An open system. 
A)  The professional culture. 
B)  The organization climate. 
C)  The industrial environment. 
D)  A closed system. 
E)  An open system.

Question 17

Given the information in Scenario A, which of the following elements of the macroenvironment was part of Connie's Collectibles findings?

Accepted Answer

A)  Sustainability. 
B)  Psychology. 
C)  Corporate governance. 
D)  Sociology. 
E)  Technology. 
A)  Sustainability. 
B)  Psychology. 
C)  Corporate governance. 
D)  Sociology. 
E)  Technology.

Question 18

The economy is a crucial component of the macroenvironment. Which of the following statements is most true about economic macro effects?

Accepted Answer

A)  The impact of changes in the economy is predictable to competitors. 
B)  There are complex interconnections among the economies of different countries. 
C)  Changes in the economy are impossible to quantify. 
D)  High-level managers have little awareness of economic indicators. 
E)  The economy has no macro effects on managers. 
A)  The impact of changes in the economy is predictable to competitors. 
B)  There are complex interconnections among the economies of different countries. 
C)  Changes in the economy are impossible to quantify. 
D)  High-level managers have little awareness of economic indicators. 
E)  The economy has no macro effects on managers.

Question 19

_____________ create(s) alternative combinations of different factors into a total picture of the environment and the firm.

Accepted Answer

A)  Scenarios 
B)  Forecasting 
C)  Benchmarking 
D)  Competitive intelligence 
E)  Buffering 
A)  Scenarios 
B)  Forecasting 
C)  Benchmarking 
D)  Competitive intelligence 
E)  Buffering

Question 20

A strong organization culture is one in which everyone understands and believes in the firm's goals, priorities, and practices.

Accepted Answer

A) True 
 B)False

Western Allied Heath and Grant Pharmaceuticals have joined forces with one another to lobby against Medicare reform. This action is referred to as

The information that you have collected in your competitive analysis can be referred to as

New methods of communication, production, and even the development of entire new industries are the results of the changes in

Input chain management 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.

Valley Organic Meats recently announced that it was selling off its pork division in order to realign itself more competitively in the marketing of its other products. This is an example of managing the task environment through

While the stock market can impact a firm, it has no effect on the behavior of individual managers.

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

In determining how interest rates will change in the future, a manager would use

The research Margarita is using is called

_______________ means identifying the best-in-class performance by a company in your area and then comparing your processes to theirs.

April, a manager in a call center, encourages her employees to solve customers' problems without her approval of the particular situation. Here April has empowered her employees.

An organization's macroenvironment includes its customers and suppliers.

Provide an example and explanation of the natural environment's effect on the management of a specific organization.

Contrast bureaucratic organizations with organic ones. In which environments is each most successful?

Attitude and behavior patterns that shape people's experience of an organization are

Given the information in Scenario A, which of the following elements of the macroenvironment was part of Connie's Collectibles findings?

The economy is a crucial component of the macroenvironment. Which of the following statements is most true about economic macro effects?

_____________ create(s) alternative combinations of different factors into a total picture of the environment and the firm.

A strong organization culture is one in which everyone understands and believes in the firm's goals, priorities, and practices.

Managing and Performing

Managerial Decision Making

Planning and Strategic Management

Ethics, Corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Managing Technology and Innovation

Creating and Leading Change

Filters

Exam 2: The External and Internal Environments

Western Allied Heath and Grant Pharmaceuticals have joined forces with one another to lobby against Medicare reform. This action is referred to as

The information that you have collected in your competitive analysis can be referred to as

New methods of communication, production, and even the development of entire new industries are the results of the changes in

Input chain management 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.

Valley Organic Meats recently announced that it was selling off its pork division in order to realign itself more competitively in the marketing of its other products. This is an example of managing the task environment through

While the stock market can impact a firm, it has no effect on the behavior of individual managers.

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

In determining how interest rates will change in the future, a manager would use

The research Margarita is using is called

_______________ means identifying the best-in-class performance by a company in your area and then comparing your processes to theirs.

April, a manager in a call center, encourages her employees to solve customers' problems without her approval of the particular situation. Here April has empowered her employees.

An organization's macroenvironment includes its customers and suppliers.

Provide an example and explanation of the natural environment's effect on the management of a specific organization.

Contrast bureaucratic organizations with organic ones. In which environments is each most successful?

Attitude and behavior patterns that shape people's experience of an organization are

Given the information in Scenario A, which of the following elements of the macroenvironment was part of Connie's Collectibles findings?

The economy is a crucial component of the macroenvironment. Which of the following statements is most true about economic macro effects?

_____________ create(s) alternative combinations of different factors into a total picture of the environment and the firm.

A strong organization culture is one in which everyone understands and believes in the firm's goals, priorities, and practices.

Managing and Performing

Managerial Decision Making

Planning and Strategic Management

Ethics, Corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Managing Technology and Innovation

Creating and Leading Change

Filters