Question 1

One of Friedman's primary arguments in The World is Flat is that

Accepted Answer

A) organizations must restructure every five years or so. 
B) global business has become more regionalized. 
C) recent changes have "leveled the playing field" between firms in developed nations and those in developing nations. 
D) None of the above.

Question 2

The Internet fosters information asymmetry,a state whereby the seller and buyer are not likely to share the same information.

Accepted Answer

A) True 
 B)False

Question 3

The Internet

Accepted Answer

A) has unleashed a number of successful business models. 
B) has unleashed a number of unsuccessful business models. 
C) can be factored into most successful business models. 
D) All of the above.

Question 4

Mass customization refers to the ability to individualize product and service offerings to meet specific buyer needs.

Accepted Answer

A) True 
 B)False

Question 5

On-line shoppers tend to be single,female,and college educated.

Accepted Answer

A) True 
 B)False

Question 6

One of the reasons that outsourcing/offshoring debates are so difficult to resolve is that accurate data can be difficult to obtain,especially in developing nations.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not a strategic dimension of the Internet?

Accepted Answer

A) focus on interactivity 
B) potential for cost reductions and cost shifting 
C) movement toward information asymmetry 
D) None of the above.

Question 8

How do American consumers today differ from those in past years? How has this change affected industries? Provide an example.

Accepted Answer

The answer of How do American consumers today differ from...

Question 9

The ability to individualize product and service offerings to meet specific buyer needs is known as

Accepted Answer

A) commoditization. 
B) information symmetry. 
C) the "flat world." 
D) None of the above.

Question 10

The systematic collection and analysis of information about relevant environmental trends is known as

Accepted Answer

A) industry analysis. 
B) macroenvironmental analysis. 
C) environmental scanning. 
D) None of the above.

Question 11

When implemented properly,outsourcing can

Accepted Answer

A) cut costs. 
B) refocus the core business. 
C) improve firm performance. 
D) All of the above.

Question 12

The unconscious reference to one's own cultural values as a standard of judgment is known as

Accepted Answer

A) the self-reference criterion. 
B) cultural distinction. 
C) cultural awareness. 
D) cultural apathy.

Question 13

Explain the concept of "disaggregation and reaggregation." To what extent has this process fundamentally changed the nature of business? Explain.

Accepted Answer

The answer of Explain the concept of "disaggregation and reaggregation."...

Question 14

The rate of technological change varies considerably across industries in different nations,but generally not in the same nation.

Accepted Answer

A) True 
 B)False

Question 15

The process of disaggregation and reaggregation has resulted in an increased emphasis on partnerships.

Accepted Answer

A) True 
 B)False

Question 16

According to the notion of disaggregation and reaggregation,

Accepted Answer

A) partnerships are usually not effective means of competing in the global marketplace. 
B) the Internet is not a viable means of product or service distribution. 
C) recent advances in Internet and related technologies,coupled with rapid economic development in parts of Asia and Eastern Europe,has enabled firms to reorganize work processes and improve efficiency. 
D) None of the above.

Question 17

Offshoring refers to relocating some or all of a firm's manufacturing or other business processes to another country to reduce costs.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is not a strategic dimension of the Internet?

Accepted Answer

A) movement toward information symmetry 
B) increased emphasis on speed 
C) potential for cost reductions and cost shifting 
D) None of the above.

Question 19

Societal values,trends,traditional,and religious practices are examples of

Accepted Answer

A) consumer forces. 
B) industry forces. 
C) social forces. 
D) None of the above.

Question 20

Reading the Wall Street Journal can be an integral part of environmental scanning.

Accepted Answer

A) True 
 B)False

Exam 4: External Environment: Social Technological Forces

One of Friedman's primary arguments in The World is Flat is that

The Internet fosters information asymmetry,a state whereby the seller and buyer are not likely to share the same information.

The Internet

Mass customization refers to the ability to individualize product and service offerings to meet specific buyer needs.

On-line shoppers tend to be single,female,and college educated.

One of the reasons that outsourcing/offshoring debates are so difficult to resolve is that accurate data can be difficult to obtain,especially in developing nations.

Which of the following is not a strategic dimension of the Internet?

How do American consumers today differ from those in past years? How has this change affected industries? Provide an example.

The ability to individualize product and service offerings to meet specific buyer needs is known as

The systematic collection and analysis of information about relevant environmental trends is known as

When implemented properly,outsourcing can

The unconscious reference to one's own cultural values as a standard of judgment is known as

Explain the concept of "disaggregation and reaggregation." To what extent has this process fundamentally changed the nature of business? Explain.

The rate of technological change varies considerably across industries in different nations,but generally not in the same nation.

The process of disaggregation and reaggregation has resulted in an increased emphasis on partnerships.

According to the notion of disaggregation and reaggregation,

Offshoring refers to relocating some or all of a firm's manufacturing or other business processes to another country to reduce costs.

Which of the following is not a strategic dimension of the Internet?

Societal values,trends,traditional,and religious practices are examples of

Reading the Wall Street Journal can be an integral part of environmental scanning.