Question 1

Which of the following is a part of the sociocultural conditions in the general environment?

Accepted Answer

A)  Inflation 
B)  Financial markets 
C)  Government policies 
D)  Intellectual properties 
E)  Demographics 
A)  Inflation 
B)  Financial markets 
C)  Government policies 
D)  Intellectual properties 
E)  Demographics

Question 2

What are the dimensions of environmental uncertainty?

Accepted Answer

The first dimension of environmental unc

Question 3

Digital natives are characterized with the ease of multitasking, desire for immediate gratification, continuous contact with others, and less concern with knowing things than with knowing where to find out about things.

Accepted Answer

A) True 
 B)False

Question 4

A sustainable business:

Accepted Answer

A)  is involved in risk-taking from position of performance difficulty. 
B)  has lack of information regarding what exists in the business environment and what developments may occur. 
C)  creates products or services that become so widely used that they largely replace prior practices and competitors. 
D)  meets the needs of customers as well as protects the natural environment for future generations. 
E)  is an organization motivated by desperation to escape existing difficulties. 
A)  is involved in risk-taking from position of performance difficulty. 
B)  has lack of information regarding what exists in the business environment and what developments may occur. 
C)  creates products or services that become so widely used that they largely replace prior practices and competitors. 
D)  meets the needs of customers as well as protects the natural environment for future generations. 
E)  is an organization motivated by desperation to escape existing difficulties.

Question 5

The commitment to protect the rights of present and future generations as co-stakeholders of present-day natural resources is termed as _____.

Accepted Answer

A)  disruptive innovation 
B)  sustainability 
C)  environmental uncertainty 
D)  reverse innovation 
E)  scaling 
A)  disruptive innovation 
B)  sustainability 
C)  environmental uncertainty 
D)  reverse innovation 
E)  scaling

Question 6

Describe the five steps of the wheel of innovation.

Accepted Answer

Gary Hamel describes the five steps in t

Question 7

Disruptive ____ creates products or services that become so widely used that they largely replace prior practices and competitors.

Accepted Answer

innovation

Question 8

Generational ____ consist of people born within a few years of one another and who experience somewhat similar life events during their formative years.

Accepted Answer

The answer of Generational ____ consist of people born within...

Question 9

A(n) ____ business operates in ways that meet the needs of customers while protecting or advancing the well-being of our natural environment.

Accepted Answer

The answer of A(n) ____ business operates in ways that...

Question 10

Which of the following involves outsourcing of jobs to foreign locations?

Accepted Answer

A)  Reshoring 
B)  Offshoring 
C)  Repatriation 
D)  Nationalization 
E)  Backshoring 
A)  Reshoring 
B)  Offshoring 
C)  Repatriation 
D)  Nationalization 
E)  Backshoring

Question 11

Which of the following is a criterion of a good economic condition in the general environment?

Accepted Answer

A)  The rising income inequality among the working class 
B)  The low unemployment rate in the society 
C)  The introduction of new developments in the technological areas 
D)  The introduction of carbon neutral methods for sustainable development 
E)  The occurrence of long-term joblessness among the people of the society 
A)  The rising income inequality among the working class 
B)  The low unemployment rate in the society 
C)  The introduction of new developments in the technological areas 
D)  The introduction of carbon neutral methods for sustainable development 
E)  The occurrence of long-term joblessness among the people of the society

Question 12

Red Sun Inc., an automobile manufacturer, developed a new car model. The firm worked on identifying the strengths and weaknesses of the new model, the costs that would be incurred in its manufacture, and its target markets. Which of the following steps of the innovation process was the firm involved in?

Accepted Answer

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

Question 13

Finheat, a financial services organization, advertises its financial products and instruments on social networking sites and other Websites. This implies that the firm is utilizing the _____ conditions in the general environment.

Accepted Answer

A)  natural 
B)  legal 
C)  technological 
D)  sociocultural 
E)  political 
A)  natural 
B)  legal 
C)  technological 
D)  sociocultural 
E)  political

Question 14

Process innovations result in ____ ways of doing things.

Accepted Answer

The answer of Process innovations result in ____ ways of...

Question 15

A country faced severe recession that resulted in loss of jobs and low income levels, which in turn affected the lifestyles of the consumers. Which of the following conditions are influencing the environment of the country?

Accepted Answer

A)  Political conditions 
B)  Legal conditions 
C)  Technological conditions 
D)  Sociocultural conditions 
E)  Economic conditions 
A)  Political conditions 
B)  Legal conditions 
C)  Technological conditions 
D)  Sociocultural conditions 
E)  Economic conditions

Question 16

The process of using environmental resources to support societal needs today while also preserving and protecting them for future generations is referred to as _____.

Accepted Answer

A)  triple bottom line experiment 
B)  global warming 
C)  sustainable development 
D)  scaling 
E)  greenhouse effect 
A)  triple bottom line experiment 
B)  global warming 
C)  sustainable development 
D)  scaling 
E)  greenhouse effect

Question 17

Adams Inc., an automobile corporation based in London, shifts its manufacturing activities to China in order to minimize its cost of production. Which strategy has is Adams Inc. adopted here?

Accepted Answer

A)  Repatriation 
B)  Nationalization 
C)  Backshoring 
D)  Offshoring 
E)  Reshoring 
A)  Repatriation 
B)  Nationalization 
C)  Backshoring 
D)  Offshoring 
E)  Reshoring

Question 18

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

Accepted Answer

A)  A firm launching a new flavor to its existing range of candies 
B)  A firm allowing customers to mail the desired designs of goods 
C)  A firm introducing a new online shopping model 
D)  A firm introducing new technology to ease the installation process 
E)  A firm changing its line of business from manufacturing automobiles to producing music 
A)  A firm launching a new flavor to its existing range of candies 
B)  A firm allowing customers to mail the desired designs of goods 
C)  A firm introducing a new online shopping model 
D)  A firm introducing new technology to ease the installation process 
E)  A firm changing its line of business from manufacturing automobiles to producing music

Question 19

Competitive advantage can be achieved through quality by finding ways and using technology to create products and services that are of consistently higher quality for customers than what is offered by one's competitors.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following examples illustrates the legal-political conditions in the general environment?

Accepted Answer

A)  Bureaucratic decisions made in a nation 
B)  Financial market situation existing in a nation 
C)  Health and Nutritional values of a nation 
D)  Information technology systems or infrastructure of a nation 
E)  Population demographics of a nation 
A)  Bureaucratic decisions made in a nation 
B)  Financial market situation existing in a nation 
C)  Health and Nutritional values of a nation 
D)  Information technology systems or infrastructure of a nation 
E)  Population demographics of a nation

Which of the following is a part of the sociocultural conditions in the general environment?

What are the dimensions of environmental uncertainty?

Digital natives are characterized with the ease of multitasking, desire for immediate gratification, continuous contact with others, and less concern with knowing things than with knowing where to find out about things.

A sustainable business:

The commitment to protect the rights of present and future generations as co-stakeholders of present-day natural resources is termed as _____.

Describe the five steps of the wheel of innovation.

Disruptive ____ creates products or services that become so widely used that they largely replace prior practices and competitors.

Generational ____ consist of people born within a few years of one another and who experience somewhat similar life events during their formative years.

A(n) ____ business operates in ways that meet the needs of customers while protecting or advancing the well-being of our natural environment.

Which of the following involves outsourcing of jobs to foreign locations?

Which of the following is a criterion of a good economic condition in the general environment?

Finheat, a financial services organization, advertises its financial products and instruments on social networking sites and other Websites. This implies that the firm is utilizing the _____ conditions in the general environment.

Process innovations result in ____ ways of doing things.

A country faced severe recession that resulted in loss of jobs and low income levels, which in turn affected the lifestyles of the consumers. Which of the following conditions are influencing the environment of the country?

The process of using environmental resources to support societal needs today while also preserving and protecting them for future generations is referred to as _____.

Adams Inc., an automobile corporation based in London, shifts its manufacturing activities to China in order to minimize its cost of production. Which strategy has is Adams Inc. adopted here?

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

Competitive advantage can be achieved through quality by finding ways and using technology to create products and services that are of consistently higher quality for customers than what is offered by one's competitors.

Which of the following examples illustrates the legal-political conditions in the general environment?

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

Which of the following is a part of the sociocultural conditions in the general environment?

What are the dimensions of environmental uncertainty?

Digital natives are characterized with the ease of multitasking, desire for immediate gratification, continuous contact with others, and less concern with knowing things than with knowing where to find out about things.

A sustainable business:

The commitment to protect the rights of present and future generations as co-stakeholders of present-day natural resources is termed as _____.

Describe the five steps of the wheel of innovation.

Disruptive ____ creates products or services that become so widely used that they largely replace prior practices and competitors.

Generational ____ consist of people born within a few years of one another and who experience somewhat similar life events during their formative years.

A(n) ____ business operates in ways that meet the needs of customers while protecting or advancing the well-being of our natural environment.

Which of the following involves outsourcing of jobs to foreign locations?

Which of the following is a criterion of a good economic condition in the general environment?

Finheat, a financial services organization, advertises its financial products and instruments on social networking sites and other Websites. This implies that the firm is utilizing the _____ conditions in the general environment.

Process innovations result in ____ ways of doing things.

A country faced severe recession that resulted in loss of jobs and low income levels, which in turn affected the lifestyles of the consumers. Which of the following conditions are influencing the environment of the country?

The process of using environmental resources to support societal needs today while also preserving and protecting them for future generations is referred to as _____.

Adams Inc., an automobile corporation based in London, shifts its manufacturing activities to China in order to minimize its cost of production. Which strategy has is Adams Inc. adopted here?

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

Competitive advantage can be achieved through quality by finding ways and using technology to create products and services that are of consistently higher quality for customers than what is offered by one's competitors.

Which of the following examples illustrates the legal-political conditions in the general environment?

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