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Test Bank for Strategic Management, Concepts and Cases, Competitiveness and Globalization, 11th Edition by Michael A Hitt, Duane R Ireland, Robert E Hoskisson£12.29
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Test Bank for Strategic Management, Concepts and Cases, Competitiveness and Globalization, 11th Edition by Michael A Hitt, Duane R Ireland, Robert E Hoskisson
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Module
Test Bank
Institution
Johns Hopkins University
Test Bank for Strategic Management, Concepts and Cases, Competitiveness and Globalization, 11th Edition by Michael A Hitt, Duane R Ireland, Robert E Hoskisson
TEST BANK FOR STRATEGIC MANAGEMENT,
CONCEPTS AND CASES, COMPETITIVENESS
AND GLOBALIZATION, 11TH EDITION BY
MICHAEL A HITT, DUANE R IRELAND, ROBERT
E HOSKISSON
,True / False
1. The external environment facing business stays relatively constant over time.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 40
LEARNING OBJECTIVES: STMA.HITT.15.02.01 - 02.01
NATIONAL STANDARDS: United States - BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing the task environment | Bloom:
Comprehension
2. Demographic, economic, political/legal, sociocultural, technological, global, and physical are the seven elements
comprising the industry environment.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Hard
REFERENCES: 40 (Table 2.1)
LEARNING OBJECTIVES: STMA.HITT.15.02.02 - 02.02
NATIONAL STANDARDS: United States - BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Knowledge
3. Firms can directly control the elements of the seven segments of the general environment.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 39
LEARNING OBJECTIVES: STMA.HITT.15.02.02 - 02.02
NATIONAL STANDARDS: United States - BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing the task environment | Bloom:
Comprehension
,4. The recent bankruptcy filings by General Motors and Chrysler Corporation illustrate that firms cannot directly
control the general environment's segments.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 39
LEARNING OBJECTIVES: STMA.HITT.15.2-02 - 02.02
NATIONAL STANDARDS: United States - BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Application
5. The industry environment directly influences the firm and its competitive actions and responses.
a. True
b. False
6. Competitor analysis is focused on the factors and conditions influencing an industry's profitability potential.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 39
LEARNING OBJECTIVES: STMA.HITT.15.2-02 - 02.02
NATIONAL STANDARDS: United States - BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing decision-making processes | Bloom:
Comprehension
, 7. When firms analyze the external environment, they typically have complete and unambiguous data.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 40
LEARNING OBJECTIVES: STMA.HITT.15.02.02 - 02.02
NATIONAL STANDARDS: United States - BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing decision-making processes | Bloom:
Comprehension
8. Monitoring involves the development of a forecast of what might happen at a future point in time.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 42
LEARNING OBJECTIVES: STMA.HITT.15.02.03 - 02.03
NATIONAL STANDARDS: United States - BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff
& Rubin: Managing decision-making processes | Bloom: Knowledge
9. Scanning involves detecting meaning through early signals of environmental trends.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 41–42
LEARNING OBJECTIVES: STMA.HITT.13.Knowledge - Application
NATIONAL STANDARDS: United States - BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing decision-making processes | Bloom:
Knowledge
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