MBA 705 CH 2&3 Questions and
Answers 100% Pass
False - Correct Answer ️️ -T/F external environment analysis includes an examination
of industry forces
False - Correct Answer ️️ -T/F External environment analysis should first occure from
the perspective oft he organization
True - Corre...
MBA 705 CH 2&3 Questions and Answers 100% Pass False - Correct Answer ✔️✔️-T/F external environment analysis includes an examination of industry forces False - Correct Answer ✔️✔️-T/F External environment analysis should first occure from the perspective oft he organization True - Correct Answer ✔️✔️-T/F Firms operating in mulitple distinct markets may be affected in different ways by macroenvironment for ces in each market false - Correct Answer ✔️✔️-T/F Macroenviroment forces are assessed in terms of their direct effects on a particular firm False - Correct Answer ✔️✔️-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 - Correct Answer ✔️✔️-T/F Leaders in an industry always prefer less government regulation False - Correct Answer ✔️✔️-T/F Th e fair labor standards act stops unfair methods of competition True - Correct Answer ✔️✔️-T/F At the global level, the period from World War II to late 1980s was marked by increased trade protectionism False - Correct Answer ✔️✔️-T/F the Chinese economy ha s become more regulated in the past ten years False - Correct Answer ✔️✔️-T/F To foster free markets, the US generally does not restrict the sale of nuclear and defense -related products to unfriendly nations False - Correct Answer ✔️✔️-T/F GDP refers to th e value of the world's annual total production of goods and services False - Correct Answer ✔️✔️-T/F A recession occurs when GDP declines for four consecutive quarters False - Correct Answer ✔️✔️-T/F A recession has negative implications for all industries False - Correct Answer ✔️✔️-T/F High inflation has negative implications for all industries False - Correct Answer ✔️✔️-T/F When the US dollar is weak, US manufacturers tend to locate more of their plans abroad True - Correct Answer ✔️✔️-T/F It is unusual for a single firm to influence a macro -
environmental force False - Correct Answer ✔️✔️-T/F Government regulations in the US have declined consistently since the mid 2000s True - Correct Answer ✔️✔️-T/F Some firms favor specific regulations because they er ect barriers to newcomers in the industry False - Correct Answer ✔️✔️-T/F The collective trade assessment ( CTA) has worked toward greater freedom in Trade across nations False - Correct Answer ✔️✔️-T/F A decline in GDP negatively affects all industries False - Correct Answer ✔️✔️-T/F when the US dollar is weak, American manufactures often open new production facilities abroad and increase purchases from foreign sources A - Correct Answer ✔️✔️-Which of the following ins not an element within the macroenviro nment A. Industry forces B. Social forces C. Economic forces D. Political -legal forces D - Correct Answer ✔️✔️-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 - Correct Answer ✔️✔️-Macroenvironment analysis considers effects of forces on A. A single firm B. Industry leaders C. An entire industry D. None of the above A - Correct Answer ✔️✔️-Outcomes of elections, legislation, and judicial c ourt decisions are considered to be A. Political -legal forces
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