Exam (elaborations)

Test Bank for Management Leading and Collaborating in a Competitive World 10th edition by bateman 9780078029332

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Course
Management Leading and Collaboratin

Institution
Liberty University

Book
Management

Chapter 02The External and Internal Environments True / False Questions 1. Organizations are open systems that affect and are affected by their external environments. True False 2. The external environment includes all relevant forces outside the organization's boundaries. True False 3. St...

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Uploaded on October 21, 2023
Number of pages 175
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Type Exam (elaborations)
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9780078029332
test bank for management leading and collaboratin
management leading and collaboratin
management leading and collaborating in a compet
chapter 02the external and internal environment

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Test Bank for Management
Leading and Collaborating in a
Competitive World 10th edition by
bateman

Chapter 02 The External and Internal
Environments
True / False Questions

1. Organizations are open systems that affect and are affected by their
external environments.

True False

2. The external environment includes all relevant forces outside the
organization's boundaries.

True False

3. Strategy is an example of an input to an organization.

True False

4. A firm's competitive environment includes new entrants, as well as
substitutes and complements.

True False

5. An organization's macroenvironment includes its customers and
suppliers.

True False

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

True False

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

True False

8. Firms that develop strategies that do not include technological
advances will realize obsolescence and extinction.

True False

9. U.S. government policies both impose strategic constraints and provide
opportunities for organizations.

True False

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.

True False

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

True False

12 The fastest-growing age group in the U.S. civilian labor force is the
. group between 30 and 40 years old.

True False

13 Despite government crackdowns, immigration is one reason why the
. labor force will be more ethnically diverse in the future than it is today.

True False

14 The percentage of women participating in the U.S. workforce has
. increased sharply since 1999.

,15 A more diverse workforce presents managers with challenges as well as
. opportunities.

True False

16 Family leave, flexible working hours, and child care assistance have
. been introduced as a direct result of the growing ethnic diversity in the
workplace.

True False

17 Porter's model for competitive analysis is one example of analyzing the
. competitive environment for adapting to and even influencing the
nature of competition.

True False

18 Red Bull, an energy drink, is a competitor to Pepsi.
.
True False

19 The first question in understanding competitive environments from
. Porter's model is "How strong is the competition?"

True False

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

True False

21 According to Porter's model, Netflix streaming video would be
. considered a substitute for Blockbuster DVD rental.

True False

22 Landscaping products are complements when people are buying new
. homes.

, 23 Powerful suppliers can increase a buying organization's profits,
. especially when the organization must hold prices steady for its
customers.

True False

24 Needing to learn a new software program as a result of changing
. suppliers is an example of a switching cost.

True False

25 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.

True False

26 The goal of supply chain management is having the right product in the
. right quantity at the right place at the right cost.

True False

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

True False

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

True False

29 Competitive intelligence is also known as corporate espionage.
.
True False

30 Benchmarking means comparing your processes to the best-in-class
. performance by a company in a given area.

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Exam (elaborations) ·

Exam (elaborations)

Test Bank for Management Leading and Collaborating in a Competitive World 10th edition by bateman 9780078029332

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