Question 1

Describe the most important aspects of each dynamic force that surrounds and influences the general environment of an organization.

Accepted Answer

Things like the overall health of the ec

Question 2

Which of the following concepts got its start as global firms moved away from viewing innovation as a "home market" activity that creates new products and services for distribution to "foreign markets"?

Accepted Answer

A)  Disruptive innovation 
B)  Product innovation 
C)  Reverse innovation 
D)  Incremental innovation 
E)  Social business innovation 
A)  Disruptive innovation 
B)  Product innovation 
C)  Reverse innovation 
D)  Incremental innovation 
E)  Social business innovation

Question 3

Animo Inc., a firm that specializes in animation, released its latest patented animation software in the market to increase its profits by improving sales. Which of the following steps of the innovation process was executed by the firm?

Accepted Answer

A)  Imagining 
B)  Experimenting 
C)  Assessing 
D)  Designing 
E)  Scaling 
A)  Imagining 
B)  Experimenting 
C)  Assessing 
D)  Designing 
E)  Scaling

Question 4

The more uncertain the environment, the easier it is to analyze environmental conditions and predict future states of affairs.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is true of value creation by businesses?

Accepted Answer

A)  Businesses create value for customers through realized profits and losses. 
B)  Businesses create value for employees by wages earned and job satisfaction. 
C)  Businesses create value for competitors through the benefits of long-term business relationships. 
D)  Businesses create value for suppliers by the citizenship they display. 
E)  Businesses create value for local communities by stimulating markets and innovations that didn't exist before. 
A)  Businesses create value for customers through realized profits and losses. 
B)  Businesses create value for employees by wages earned and job satisfaction. 
C)  Businesses create value for competitors through the benefits of long-term business relationships. 
D)  Businesses create value for suppliers by the citizenship they display. 
E)  Businesses create value for local communities by stimulating markets and innovations that didn't exist before.

Question 6

Which of the following is an example of a process innovation?

Accepted Answer

A)  A firm introducing parking-assist vehicles 
B)  A firm introducing a new social media site 
C)  A firm introducing one-click purchasing 
D)  A firm introducing premium services for a fee 
E)  A firm creating the world's largest online marketplace 
A)  A firm introducing parking-assist vehicles 
B)  A firm introducing a new social media site 
C)  A firm introducing one-click purchasing 
D)  A firm introducing premium services for a fee 
E)  A firm creating the world's largest online marketplace

Question 7

Jamie has a diverse collection of the latest video games. He also owns a mobile phone with a number of applications. His school is well equipped with Internet facilities. Which of the following terms applies to Jamie?

Accepted Answer

A)  digital immigrant 
B)  digital native 
C)  generational cohort 
D)  green job candidate 
E)  reputation manager 
A)  digital immigrant 
B)  digital native 
C)  generational cohort 
D)  green job candidate 
E)  reputation manager

Question 8

Product innovations result in better ways of doing things.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following illustrates a firm that has achieved competitive advantage through delivery?

Accepted Answer

A)  A firm that uses technology to produce durable products 
B)  A firm that develops timely new products 
C)  A firm that has the flexibility to operate successfully in any business environment 
D)  A firm that makes small financial investments at the time of production 
E)  A firm that can adapt and change according to the needs of different customers 
A)  A firm that uses technology to produce durable products 
B)  A firm that develops timely new products 
C)  A firm that has the flexibility to operate successfully in any business environment 
D)  A firm that makes small financial investments at the time of production 
E)  A firm that can adapt and change according to the needs of different customers

Question 10

The Oomph Factor, an online retail firm, owns a patented technology that ensures that its goods and services reach customers on time. The firm also has the ability to develop timely new products. The firm has gained competitive advantage through _____.

Accepted Answer

A)  quality 
B)  costs 
C)  flexibility 
D)  delivery 
E)  adaptability 
A)  quality 
B)  costs 
C)  flexibility 
D)  delivery 
E)  adaptability

Question 11

Stakeholders are the persons, groups, and institutions directly affected by an organization.

Accepted Answer

A) True 
 B)False

Question 12

What are the three types of innovation? What do they result in?

Accepted Answer

(1) Product innovations result in the cr

Question 13

Which of the following forms of innovation focuses on better ways of doing things?

Accepted Answer

A)  Product innovation 
B)  Process innovation 
C)  Business model innovation 
D)  Social business innovation 
E)  Paradigm innovation 
A)  Product innovation 
B)  Process innovation 
C)  Business model innovation 
D)  Social business innovation 
E)  Paradigm innovation

Question 14

Linkage Communications produces mobile phones, smart phones, and laptops. In terms of longevity and user-friendliness, the firm's products are rated the best. Additionally, it offers applications and features with the latest technology. Which of the following has enabled Linkage Communications to achieve a competitive advantage over its competitors?

Accepted Answer

A)  Quality 
B)  Costs 
C)  Flexibility 
D)  Delivery 
E)  Adaptability 
A)  Quality 
B)  Costs 
C)  Flexibility 
D)  Delivery 
E)  Adaptability

Question 15

Which of the following examples illustrates a firm that has achieved competitive advantage through costs?

Accepted Answer

A)  A firm that uses patented technology to deliver goods and services to customers on time 
B)  A firm's ability to adjust and adapt to different demographic segments and satisfy their needs 
C)  A firm that invests only a small amount on promotion and maximizes profits by charging low prices 
D)  A firm's technology that creates high quality products and services 
E)  A firm that specializes in developing timely new products 
A)  A firm that uses patented technology to deliver goods and services to customers on time 
B)  A firm's ability to adjust and adapt to different demographic segments and satisfy their needs 
C)  A firm that invests only a small amount on promotion and maximizes profits by charging low prices 
D)  A firm's technology that creates high quality products and services 
E)  A firm that specializes in developing timely new products

Question 16

Competitive advantage is something that an organization does extremely well, that can be copied by its competitors, and help them gain an advantage.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following falls on the positive side of risk-taking behavior of organizations?

Accepted Answer

A)  Risk taking from position of performance difficulty 
B)  Risk taking motivated by desperation to get out of bad situation 
C)  Risk taking from hard time dealing with problems without losing focus 
D)  Risk taking with the ability to deal with problems as they arise 
E)  Risk taking from little staying power 
A)  Risk taking from position of performance difficulty 
B)  Risk taking motivated by desperation to get out of bad situation 
C)  Risk taking from hard time dealing with problems without losing focus 
D)  Risk taking with the ability to deal with problems as they arise 
E)  Risk taking from little staying power

Question 18

Which of the following examples illustrates the technological conditions in the general environment?

Accepted Answer

A)  Features and applications available on an individual's phone 
B)  Income levels of an individual 
C)  Housing options for an individual 
D)  Job options for an individual 
E)  Educational opportunities for an individual 
A)  Features and applications available on an individual's phone 
B)  Income levels of an individual 
C)  Housing options for an individual 
D)  Job options for an individual 
E)  Educational opportunities for an individual

Question 19

Which of the following is true of stakeholders?

Accepted Answer

A)  Members of the specific or task environment are often described as stakeholders. 
B)  Stakeholders are influenced by their stakes, but they are not allowed to influence it in return. 
C)  An organization's performance does not affect the stakeholders. 
D)  All stakeholders belong to the generational cohort of Baby Boomers. 
E)  All stakeholders are "digital natives" who grew up in technology-enriched homes, schools, and friendship environments. 
A)  Members of the specific or task environment are often described as stakeholders. 
B)  Stakeholders are influenced by their stakes, but they are not allowed to influence it in return. 
C)  An organization's performance does not affect the stakeholders. 
D)  All stakeholders belong to the generational cohort of Baby Boomers. 
E)  All stakeholders are "digital natives" who grew up in technology-enriched homes, schools, and friendship environments.

Question 20

Which of the following is true of reverse innovation?

Accepted Answer

A)  It taps the potential for innovation existing at higher organizational levels. 
B)  It emphasizes recognition of innovations developed in well-established markets. 
C)  It recognizes innovations existing in diverse settings or locations. 
D)  It involves a lack of complete information regarding what exists in the environment. 
E)  It focuses on identifying strengths and weaknesses, and potential costs and benefits. 
A)  It taps the potential for innovation existing at higher organizational levels. 
B)  It emphasizes recognition of innovations developed in well-established markets. 
C)  It recognizes innovations existing in diverse settings or locations. 
D)  It involves a lack of complete information regarding what exists in the environment. 
E)  It focuses on identifying strengths and weaknesses, and potential costs and benefits.

Describe the most important aspects of each dynamic force that surrounds and influences the general environment of an organization.

Which of the following concepts got its start as global firms moved away from viewing innovation as a "home market" activity that creates new products and services for distribution to "foreign markets"?

Animo Inc., a firm that specializes in animation, released its latest patented animation software in the market to increase its profits by improving sales. Which of the following steps of the innovation process was executed by the firm?

The more uncertain the environment, the easier it is to analyze environmental conditions and predict future states of affairs.

Which of the following is true of value creation by businesses?

Which of the following is an example of a process innovation?

Jamie has a diverse collection of the latest video games. He also owns a mobile phone with a number of applications. His school is well equipped with Internet facilities. Which of the following terms applies to Jamie?

Product innovations result in better ways of doing things.

Which of the following illustrates a firm that has achieved competitive advantage through delivery?

The Oomph Factor, an online retail firm, owns a patented technology that ensures that its goods and services reach customers on time. The firm also has the ability to develop timely new products. The firm has gained competitive advantage through _____.

Stakeholders are the persons, groups, and institutions directly affected by an organization.

What are the three types of innovation? What do they result in?

Which of the following forms of innovation focuses on better ways of doing things?

Which of the following examples illustrates a firm that has achieved competitive advantage through costs?

Competitive advantage is something that an organization does extremely well, that can be copied by its competitors, and help them gain an advantage.

Which of the following falls on the positive side of risk-taking behavior of organizations?

Which of the following examples illustrates the technological conditions in the general environment?

Which of the following is true of stakeholders?

Which of the following is true of reverse innovation?

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Control Processes and Systems

Strategy and Strategic Management

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters

Exam 4: Environment, Technology, and Sustainability

Describe the most important aspects of each dynamic force that surrounds and influences the general environment of an organization.

Which of the following concepts got its start as global firms moved away from viewing innovation as a "home market" activity that creates new products and services for distribution to "foreign markets"?

Animo Inc., a firm that specializes in animation, released its latest patented animation software in the market to increase its profits by improving sales. Which of the following steps of the innovation process was executed by the firm?

The more uncertain the environment, the easier it is to analyze environmental conditions and predict future states of affairs.

Which of the following is true of value creation by businesses?

Which of the following is an example of a process innovation?

Jamie has a diverse collection of the latest video games. He also owns a mobile phone with a number of applications. His school is well equipped with Internet facilities. Which of the following terms applies to Jamie?

Product innovations result in better ways of doing things.

Which of the following illustrates a firm that has achieved competitive advantage through delivery?

The Oomph Factor, an online retail firm, owns a patented technology that ensures that its goods and services reach customers on time. The firm also has the ability to develop timely new products. The firm has gained competitive advantage through _____.

Stakeholders are the persons, groups, and institutions directly affected by an organization.

What are the three types of innovation? What do they result in?

Which of the following forms of innovation focuses on better ways of doing things?

Which of the following examples illustrates a firm that has achieved competitive advantage through costs?

Competitive advantage is something that an organization does extremely well, that can be copied by its competitors, and help them gain an advantage.

Which of the following falls on the positive side of risk-taking behavior of organizations?

Which of the following examples illustrates the technological conditions in the general environment?

Which of the following is true of stakeholders?

Which of the following is true of reverse innovation?

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Control Processes and Systems

Strategy and Strategic Management

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters