Question 1

_____ lead to new products,advanced production facilities,and better ways of managing and communicating.

Accepted Answer

A)  Demographic shifts 
B)  Societal preferences 
C)  Political changes 
D)  Technological advances 
E)  Economic turbulences 
A)  Demographic shifts 
B)  Societal preferences 
C)  Political changes 
D)  Technological advances 
E)  Economic turbulences D

Question 2

When predicting the costs for her company,Margarita is engaging in _____.

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 A

Question 3

The set of important assumptions about an organization and its goals and practices that members of the company share is called organization _____.

Accepted Answer

A)  culture 
B)  design 
C)  climate 
D)  layout 
E)  structure 
A)  culture 
B)  design 
C)  climate 
D)  layout 
E)  structure A

Question 4

Alyssa owns Carver Gifts,a handmade greeting cards store.She is projecting that the economy will rebound this fall.She ordered additional holiday gift merchandise in February in anticipation of possible surge in sales during the holiday season.In this case,which of the following methods is Alyssa using to be sure she has enough gifts for those extra holiday customers?

Accepted Answer

A)  Just-in-time inventory management 
B)  Smoothing 
C)  Benchmarking 
D)  Buffering 
E)  Diversification 
A)  Just-in-time inventory management 
B)  Smoothing 
C)  Benchmarking 
D)  Buffering 
E)  Diversification

Question 5

Describe the culture of an organization that you have either worked in or studied about.Which of the four types of organizational culture described in the chapter does the organization illustrate? Justify your answer.

Accepted Answer

I have worked in an organization that ha

Question 6

The process of sharing power with employees is called _____.

Accepted Answer

A)  empowerment 
B)  downgrading 
C)  benchmarking 
D)  vertical synergy 
E) 
Power building 
A)  empowerment 
B)  downgrading 
C)  benchmarking 
D)  vertical synergy 
E) 
Power building

Question 7

Social metrics are measures of various characteristics of the people who make up groups or other social units.

Accepted Answer

A) True 
 B)False

Question 8

When investors bid up stock prices,companies have less capital to fuel their strategies.

Accepted Answer

A) True 
 B)False

Question 9

Explain how sustainability and natural environment affect the management of an organization.

Accepted Answer

The answer of Explain how sustainability and natural environment affect...

Question 10

Regulatory agencies set rules but are typically weak institutions since they do not have the power to investigate company practices or to take legal action to ensure compliance with the law.

Accepted Answer

A) True 
 B)False

Question 11

The method for predicting how variables will change in the future is known as _____.

Accepted Answer

A)  budgeting 
B)  buffering 
C)  forecasting 
D)  benchmarking 
E)  scanning 
A)  budgeting 
B)  buffering 
C)  forecasting 
D)  benchmarking 
E)  scanning

Question 12

Organizations are at a disadvantage if they become overly dependent on any powerful supplier.

Accepted Answer

A) True 
 B)False

Question 13

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)  Peter's model for organizational excellence 
C)  microenvironment 
D)  Porter's model for competitive environment 
E)  supply chain management 
A)  task environment 
B)  Peter's model for organizational excellence 
C)  microenvironment 
D)  Porter's model for competitive environment 
E)  supply chain management

Question 14

A(n)_____ is a potential threat;customers use it as an alternative,buying less of one kind of product but more of another.

Accepted Answer

A)  new entrant 
B)  substitute 
C)  ensemble 
D)  divestiture 
E)  complement 
A)  new entrant 
B)  substitute 
C)  ensemble 
D)  divestiture 
E)  complement

Question 15

The Internet has empowered customers by providing an easy source of information.

Accepted Answer

A) True 
 B)False

Question 16

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 17

_____ are fixed costs buyers face if they change suppliers.

Accepted Answer

A)  Changing costs 
B)  Switching costs 
C)  Renewable costs 
D)  Exchange costs 
E)  Sunk costs 
A)  Changing costs 
B)  Switching costs 
C)  Renewable costs 
D)  Exchange costs 
E)  Sunk costs

Question 18

NBIC (National Bicycle Industrial Company)of Japan specializes in mass customization in order to cater to the changing demands of its customers.Customers can choose the frame and other parts of the bicycle and it is made according to their order.This is one example of how NBIC uses _____.

Accepted Answer

A)  cooptation 
B)  flexible processes 
C)  smoothing techniques 
D)  benchmarking 
E)  diversification 
A)  cooptation 
B)  flexible processes 
C)  smoothing techniques 
D)  benchmarking 
E)  diversification

Question 19

_____ trends regarding how people think and behave have major implications for management of the labor force,corporate social actions,and strategic decisions about products and markets.

Accepted Answer

A)  Psychological 
B)  Political 
C)  Economic 
D)  Technological 
E)  Societal 
A)  Psychological 
B)  Political 
C)  Economic 
D)  Technological 
E)  Societal

Question 20

The immediate environment surrounding a firm is known as its:

Accepted Answer

A)  macroenvironment. 
B)  demographic environment. 
C)  competitive environment. 
D)  internal environment. 
E)  economic environment. 
A)  macroenvironment. 
B)  demographic environment. 
C)  competitive environment. 
D)  internal environment. 
E)  economic environment.

_____ lead to new products,advanced production facilities,and better ways of managing and communicating.

When predicting the costs for her company,Margarita is engaging in _____.

The set of important assumptions about an organization and its goals and practices that members of the company share is called organization _____.

Describe the culture of an organization that you have either worked in or studied about.Which of the four types of organizational culture described in the chapter does the organization illustrate? Justify your answer.

The process of sharing power with employees is called _____.

Social metrics are measures of various characteristics of the people who make up groups or other social units.

When investors bid up stock prices,companies have less capital to fuel their strategies.

Explain how sustainability and natural environment affect the management of an organization.

Regulatory agencies set rules but are typically weak institutions since they do not have the power to investigate company practices or to take legal action to ensure compliance with the law.

The method for predicting how variables will change in the future is known as _____.

Organizations are at a disadvantage if they become overly dependent on any powerful supplier.

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

A(n)_____ is a potential threat;customers use it as an alternative,buying less of one kind of product but more of another.

The Internet has empowered customers by providing an easy source of information.

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

_____ are fixed costs buyers face if they change suppliers.

NBIC (National Bicycle Industrial Company)of Japan specializes in mass customization in order to cater to the changing demands of its customers.Customers can choose the frame and other parts of the bicycle and it is made according to their order.This is one example of how NBIC uses _____.

_____ trends regarding how people think and behave have major implications for management of the labor force,corporate social actions,and strategic decisions about products and markets.

The immediate environment surrounding a firm is known as its:

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

_____ lead to new products,advanced production facilities,and better ways of managing and communicating.

When predicting the costs for her company,Margarita is engaging in _____.

The set of important assumptions about an organization and its goals and practices that members of the company share is called organization _____.

Describe the culture of an organization that you have either worked in or studied about.Which of the four types of organizational culture described in the chapter does the organization illustrate? Justify your answer.

The process of sharing power with employees is called _____.

Social metrics are measures of various characteristics of the people who make up groups or other social units.

When investors bid up stock prices,companies have less capital to fuel their strategies.

Explain how sustainability and natural environment affect the management of an organization.

Regulatory agencies set rules but are typically weak institutions since they do not have the power to investigate company practices or to take legal action to ensure compliance with the law.

The method for predicting how variables will change in the future is known as _____.

Organizations are at a disadvantage if they become overly dependent on any powerful supplier.

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

A(n)_____ is a potential threat;customers use it as an alternative,buying less of one kind of product but more of another.

The Internet has empowered customers by providing an easy source of information.

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

_____ are fixed costs buyers face if they change suppliers.

NBIC (National Bicycle Industrial Company)of Japan specializes in mass customization in order to cater to the changing demands of its customers.Customers can choose the frame and other parts of the bicycle and it is made according to their order.This is one example of how NBIC uses _____.

_____ trends regarding how people think and behave have major implications for management of the labor force,corporate social actions,and strategic decisions about products and markets.

The immediate environment surrounding a firm is known as its:

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