Question 1

Which of the following statements about the impact of the stock market is true?

Accepted Answer

A)  The stock market has little effect on the amount of capital a company has.
B)  If a company exceeds its performance expectations, its stock price will often drop.
C)  Publicly held companies are more insulated from the stock market than privately held companies.
D)  The stock market may have a profound effect on the behavior of individual managers.
E)  Stock market fluctuations have little effect on the compensation of managers.F) B) and C)
G) All of the above

Question 2

Which of the following is an element of Michael Porter's model for analyzing the competitive environment of an organization?

Accepted Answer

A)  substitutes
B)  cost strategy
C)  societal trends
D)  regulatory forces
E)  demographicsF) A) and B)
G) B) and D)

Question 3

Describe the culture of an organization that you have either worked in or studied about. Evaluate whether it was a strong or weak culture, and justify your answer with reasons.

Accepted Answer

Answers will vary but will demonstrate a...

Question 4

Creating supplies of excess resources in case of unpredictable needs is known as

Accepted Answer

A)  cooptation.
B)  smoothing.
C)  flexible processing.
D)  empowering.
E)  buffering.F) A) and B)
G) B) and C)

Question 5

What term is used to describe all the relevant forces outside an organization's boundaries?

Accepted Answer

A)  environmental scanning
B)  competitive intelligence
C)  external environment
D)  competitive environment
E)  organizational climateF) B) and C)
G) A) and B)

Question 6

Summarize the different approaches of strategic maneuvering that organizations can take to change the environment they are in.

Accepted Answer

Some of the approaches of strategic mane...

Question 7

Marla's Basement is a small retail store that specializes in antique figurines and decorative knickknacks. In analyzing the environment, Marla has uncovered the following interesting findings:1. Marla has recently purchased more inventory than in the past. The people from whom she buys are selling off more knickknacks because their children are not interested in this type of decorative items and they would prefer to liquidate unnecessary household items to help them with their daily expenses.2. Marla discovered that her business is in a historical preservation district. As she considers remodeling the shop, she realized that she must pay attention to the guidelines set forth in the governing laws.3. Marla's buyer-customer base seems to be changing. The tastes of the younger generation near her shop are shifting to modern decor, so the customer base to which she sells is shrinking.4. Marla has been told that she should consider selling her inventory via the Internet, but she does not own (or understand how to use) a computer.5. In reading a survey of regional business, Marla discovered that there are no other antique knickknack stores within 200 miles. When Marla read the survey of regional businesses, she was investigating

Accepted Answer

A)  the competitive environment.
B)  the macroenvironment.
C)  a closed environment.
D)  the internal environment.
E)  the social environment.F) C) and E)
G) A) and C)

Exam 2: The External and Internal Environments

Describe the culture of an organization that you have either worked in or studied about. Evaluate whether it was a strong or weak culture, and justify your answer with reasons.

Correct Answer
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Answers will vary but will demonstrate a...
View Answer

Summarize the different approaches of strategic maneuvering that organizations can take to change the environment they are in.

Correct Answer
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Some of the approaches of strategic mane...
View Answer

Creating supplies of excess resources in case of unpredictable needs is known as

Correct Answer
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Which of the following statements about the impact of the stock market is true?

Correct Answer
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What term is used to describe all the relevant forces outside an organization's boundaries?

Correct Answer
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Correct Answer
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Which of the following is an element of Michael Porter's model for analyzing the competitive environment of an organization?

Correct Answer
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Exam 2: The External and Internal Environments

Describe the culture of an organization that you have either worked in or studied about. Evaluate whether it was a strong or weak culture, and justify your answer with reasons.

Correct AnswerverifiedAnswers will vary but will demonstrate a...View AnswerShow Answer

Summarize the different approaches of strategic maneuvering that organizations can take to change the environment they are in.

Correct AnswerverifiedSome of the approaches of strategic mane...View AnswerShow Answer

Creating supplies of excess resources in case of unpredictable needs is known as

Correct AnswerverifiedShow Answer

Which of the following statements about the impact of the stock market is true?

Correct AnswerverifiedShow Answer

What term is used to describe all the relevant forces outside an organization's boundaries?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following is an element of Michael Porter's model for analyzing the competitive environment of an organization?

Correct AnswerverifiedShow Answer

Correct Answer
verified
Answers will vary but will demonstrate a...
View Answer

Correct Answer
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Some of the approaches of strategic mane...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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