MBA 705 CH 2&3 Verified Answers

MBA 705 CH 2&3 Verified Answers False T/F external environment analysis includes an examination of industry forces False T/F External environment analysis should first occure from the perspective oft he organization True T/F Firms operating in mulitple distinct markets may be affected in different ways by macroenvironment forces in each market false T/F Macroenviroment forces are assessed in terms of their direct effects on a particular firm False T/F Economic forces include such factors as the outcomes of elections, legislation, and judicial court decisions, as well as the decisions rendered by various commissions and agencies at every level of government False T/F Leaders in an industry always prefer less government regulation False T/F The fair labor standards act stops unfair methods of competition True T/F At the global level, the period from World War II to late 1980s was marked by increased trade protectionism False T/F the Chinese economy has become more regulated in the past ten years False T/F To foster free markets, the US generally does not restrict the sale of nuclear and defense related products to unfriendly nations False T/F GDP refers to the value of the world's annual total production of goods and services False T/F A recession occurs when GDP declines for four consecutive quarters False T/F A recession has negative implications for all industries False T/F High inflation has negative implications for all industries False T/F When the US dollar is weak, US manufacturers tend to locate more of their plans abroad True T/F It is unusual for a single firm to influence a macro-environmental force False T/F Government regulations in the US have declined consistently since the mid 2000s True T/F Some firms favor specific regulations because they erect barriers to newcomers in the industry False T/F The collective trade assessment ( CTA) has worked toward greater freedom in Trade across nations False T/F A decline in GDP negatively affects all industries False T/F when the US dollar is weak, American manufactures often open new production facilities abroad and increase purchases from foreign sources A Which of the following ins not an element within the macroenvironment A. Industry forces B. Social forces C. Economic forces D. Political-legal forces D Which of the following is not an element within the macroenviroment? A. Social factors B. Technological factors C. Economic forces D. None of the above C Macroenvironment analysis considers effects of forces on A. A single firm B. Industry leaders C. An entire industry D. None of the above A Outcomes of elections, legislation, and judicial court decisions are considered to be A. Political-legal forces B. Economic forces C. Arbitrary forces D. None of the above B Less rigid governmental regulations for business activities are typically found i