Question 1

The various studies of organizational environments can be summarized from the following perspective(s):

Accepted Answer

A)  environment as a source of information. 
B)  environment as a source of resources. 
C)  environment as a source of power. 
D)  environment as a source of information and of resources. 
E)  None of the answer choices is correct.

Question 2

If an organization does business globally, its economic analysis changes significantly.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following are parts of an open system?

Accepted Answer

A)  Inputs 
B)  Outputs 
C)  Processes 
D)  The environment 
E)  All of the above are parts of an open system.

Question 4

Max Weber viewed organizations as open systems.

Accepted Answer

A) True 
 B)False

Question 5

According to Michael Porter, major potential barriers to entry include

Accepted Answer

A)  economies of scale. 
B)  product differentiation. 
C)  switching costs. 
D)  capital requirements. 
E)  All of the answer choices are correct.

Question 6

As the consultant, you propose to Mr. Perry that one challenge of conducting an external analysis is

Accepted Answer

A)  market conditions are stable. 
B)  brand loyalty is low. 
C)  markets may be concentrated. 
D)  markets may be fragmented. 
E)  forecasts and trend analyses are not facts.

Question 7

________ refers to cost savings that you get as volume increases.

Accepted Answer

A)  Switching costs 
B)  Economic costs 
C)  Economies of scale 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 8

The law governing safe and hazard-free work environments is

Accepted Answer

A)  the Equal Employment Opportunity Act of 1972. 
B)  the Americans with Disabilities Act of 1990. 
C)  the Occupational Safety and Health Act of 1970. 
D)  the Civil Rights Act of 1991. 
E)  the U.S. Economic Espionage Act of 1996.

Question 9

Opportunities are positive external environmental trends or changes that may help the organization improve its performance.

Accepted Answer

A) True 
 B)False

Question 10

The Porter five forces model includes all of the following factors except

Accepted Answer

A)  bargaining power of suppliers. 
B)  threat of new entrants. 
C)  threat of a decrease in research and development. 
D)  threat of substitute products. 
E)  bargaining power of buyers.

Question 11

A key element of the environment as a source of resources perspective is the idea of environmental uncertainty.

Accepted Answer

A) True 
 B)False

Question 12

Threats are positive external environmental trends or changes that will help the organization improve its performance.

Accepted Answer

A) True 
 B)False

Question 13

An external analysis enables the organization to examine

Accepted Answer

A)  opportunities and threats. 
B)  strengths and weaknesses. 
C)  product substitution and durability. 
D)  manufacturing and operations. 
E)  None of the answer choices is correct.

Question 14

A manager who anticipates changes and plans for those changes can be referred to as a(n)

Accepted Answer

A)  reactive manager. 
B)  negligent manager. 
C)  ethical manager. 
D)  proactive manager. 
E)  socially responsible manager.

Question 15

Switching costs can be both psychological and financial.

Accepted Answer

A) True 
 B)False

Question 16

Explain the two perspectives on the environment.

Accepted Answer

The answer of Explain the two perspectives on the environment....

Question 17

Explain the primary responsibility of managers in conducting external analysis across managerial levels.

Accepted Answer

The answer of Explain the primary responsibility of managers in...

Question 18

The specific environment includes such sectors as demographics, economics, and political/legal factors.

Accepted Answer

A) True 
 B)False

Question 19

An external information system is an information system that provides managers with needed internal information on an annual basis.

Accepted Answer

A) True 
 B)False

Exam 3: Assessing Opportunities and Threats: Doing an External Analysis

The various studies of organizational environments can be summarized from the following perspective(s) :

If an organization does business globally, its economic analysis changes significantly.

Which of the following are parts of an open system?

Max Weber viewed organizations as open systems.

According to Michael Porter, major potential barriers to entry include

As the consultant, you propose to Mr. Perry that one challenge of conducting an external analysis is

________ refers to cost savings that you get as volume increases.

The law governing safe and hazard-free work environments is

Opportunities are positive external environmental trends or changes that may help the organization improve its performance.

The Porter five forces model includes all of the following factors except

A key element of the environment as a source of resources perspective is the idea of environmental uncertainty.

Threats are positive external environmental trends or changes that will help the organization improve its performance.

An external analysis enables the organization to examine

A manager who anticipates changes and plans for those changes can be referred to as a(n)

Switching costs can be both psychological and financial.

Explain the two perspectives on the environment.

Explain the primary responsibility of managers in conducting external analysis across managerial levels.

The specific environment includes such sectors as demographics, economics, and political/legal factors.

An external information system is an information system that provides managers with needed internal information on an annual basis.