Question 1

Which of the following is a concern of the economic dimension of an organization's general environment?

Accepted Answer

A)  Organization's policies and practices 
B)  Inflation, interest rates, and unemployment 
C)  Tools, methods, and technology 
D)  Government regulations 
E)  Offices, production facilities, and cafeteria 
A)  Organization's policies and practices 
B)  Inflation, interest rates, and unemployment 
C)  Tools, methods, and technology 
D)  Government regulations 
E)  Offices, production facilities, and cafeteria

Question 2

A group organized by its members to attempt to influence organizations is known as a(n):

Accepted Answer

A)  interest group. 
B)  board of directors. 
C)  strategic ally. 
D)  competitor. 
E)  ethics committee. 
A)  interest group. 
B)  board of directors. 
C)  strategic ally. 
D)  competitor. 
E)  ethics committee.

Question 3

The term _____ refers to an individual's personal beliefs about whether a behavior, action, or decision is right or wrong.

Accepted Answer

A)  justice 
B)  culture 
C)  ethics 
D)  aesthetics 
E)  regulations 
A)  justice 
B)  culture 
C)  ethics 
D)  aesthetics 
E)  regulations

Question 4

Hike and Loiters are two shoe manufacturers. Their products are similar, they are in the same price range, and their consumers keep switching between their products. This makes them:

Accepted Answer

A)  strategic allies. 
B)  competitors. 
C)  associates. 
D)  regulators. 
E)  suppliers. 
A)  strategic allies. 
B)  competitors. 
C)  associates. 
D)  regulators. 
E)  suppliers.

Question 5

Almonds United Inc., a company that produces almonds, is based in California, United States. Almonds United ensures that most of its produce is sold in the local market and not more than 20 percent is sold in the Indian markets each year. This is in accordance with the U.S. government's voluntary limit on trade with India. Almonds United is following the _____ exercised by the U.S. government.

Accepted Answer

A)  franchising agreement 
B)  direct investment 
C)  strategic alliance 
D)  licensing agreement 
E)  export restraint agreement 
A)  franchising agreement 
B)  direct investment 
C)  strategic alliance 
D)  licensing agreement 
E)  export restraint agreement

Question 6

Which of the following is an element of an organization's internal environment?

Accepted Answer

A)  Government regulations 
B)  Competitors 
C)  Facilities 
D)  Strategic allies 
E)  Technology suppliers 
A)  Government regulations 
B)  Competitors 
C)  Facilities 
D)  Strategic allies 
E)  Technology suppliers

Question 7

Alex, one of the proprietors of Atlas Corp. is worried.The stock market was not doing well, unemployment was 10 percent, inflation was on the rise again, and government debt was still increasing. These concerns of Alex are related to the _____ dimension of the general environment of Atlas Corp.

Accepted Answer

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

Question 8

As an internationalization strategy, the typical use of maquiladoras by U.S. firms is a form of _____.

Accepted Answer

A)  strategic alliance 
B)  licensing agreement 
C)  direct investment 
D)  joint venture 
E)  franchising 
A)  strategic alliance 
B)  licensing agreement 
C)  direct investment 
D)  joint venture 
E)  franchising

Question 9

Nonstop is a free instant messaging and voice chat service that allows users to communicate with each other, using a microphone and/or a webcam, over the Internet. Its popularity is increasing and, as a result, the number of people using Chatterbox, another instant texting service, has decreased. Nonstop is a _____ to Chatterbox.

Accepted Answer

A)  competitor 
B)  supplier 
C)  customer 
D)  strategic partner 
E)  regulator 
A)  competitor 
B)  supplier 
C)  customer 
D)  strategic partner 
E)  regulator

Question 10

_____ are, in effect, export quotas.

Accepted Answer

A)  Export restraint agreements 
B)  Export licensing agreements 
C)  Service-level agreements 
D)  Export tariffs 
E)  Strategic alliance agreements 
A)  Export restraint agreements 
B)  Export licensing agreements 
C)  Service-level agreements 
D)  Export tariffs 
E)  Strategic alliance agreements

Question 11

A person who purchases stock in a company becomes a(n) _____ of the company.

Accepted Answer

A)  member of the board of directors 
B)  customer 
C)  strategic partner 
D)  owner 
E)  regulator 
A)  member of the board of directors 
B)  customer 
C)  strategic partner 
D)  owner 
E)  regulator

Question 12

_____ gives preference to domestic producers through content or price restrictions.

Accepted Answer

A)  "Buy national" legislation 
B)  "Go local" strategy 
C)  Federal acquisition regulation 
D)  Trade agreements legislation 
E)  "Ban maquiladoras" policy 
A)  "Buy national" legislation 
B)  "Go local" strategy 
C)  Federal acquisition regulation 
D)  Trade agreements legislation 
E)  "Ban maquiladoras" policy

Question 13

Which of the following is an advantage of licensing as an approach to internationalization?

Accepted Answer

A)  Lack of competition 
B)  Extended profitability 
C)  Lesser uncertainty 
D)  Flexibility 
E)  Shared ownership 
A)  Lack of competition 
B)  Extended profitability 
C)  Lesser uncertainty 
D)  Flexibility 
E)  Shared ownership

Question 14

Which of the following statements about organizational culture is true?

Accepted Answer

A)  Organizational culture shapes the behavior of employees, and thus impacts organizational effectiveness. 
B)  Organizational culture of an overseas franchisee is always the same as the culture of the nation in which the organization's headquarters are located. 
C)  Organizational culture will necessarily be the same throughout an organization's subunits. 
D)  Organizational culture refers to the cultural and artistic charities that an organization supports. 
E)  Organizational culture is frequently and easily changed by most organizations. 
A)  Organizational culture shapes the behavior of employees, and thus impacts organizational effectiveness. 
B)  Organizational culture of an overseas franchisee is always the same as the culture of the nation in which the organization's headquarters are located. 
C)  Organizational culture will necessarily be the same throughout an organization's subunits. 
D)  Organizational culture refers to the cultural and artistic charities that an organization supports. 
E)  Organizational culture is frequently and easily changed by most organizations.

Question 15

Ralph Corp. and Swan Inc. are strategic partners. In this context, which of the following statements is most accurate?

Accepted Answer

A)  Ralph and Swan produce the same goods and share the same market. 
B)  Ralph procures and provides all the raw materials and labour used by Swan for production. 
C)  Ralph purchases raw materials from Swan in large volumes and uses it to manufacture its products for retail sale. 
D)  Ralph sells Swan's merchandise at its stores and Swan promotes Ralph stores in its advertisements. 
E)  Ralph has been using the media to call attention to the negative impact of using Swan's products. 
A)  Ralph and Swan produce the same goods and share the same market. 
B)  Ralph procures and provides all the raw materials and labour used by Swan for production. 
C)  Ralph purchases raw materials from Swan in large volumes and uses it to manufacture its products for retail sale. 
D)  Ralph sells Swan's merchandise at its stores and Swan promotes Ralph stores in its advertisements. 
E)  Ralph has been using the media to call attention to the negative impact of using Swan's products.

Question 16

Match the following numbered items with the most accurate response letter, regarding the advantages of approaches to internationalization.
A response may be used once, more than once, or not at all.
-Quick market entry

Accepted Answer

A) Importing or exporting 
B) Licensing 
C) Strategic alliances 
D) Direct Investment 
A) Importing or exporting 
B) Licensing 
C) Strategic alliances 
D) Direct Investment

Question 17

Which of the following would supply capital to a business?

Accepted Answer

A)  Employment agencies 
B)  Regulators 
C)  Banks 
D)  Board of directors 
E)  Employees 
A)  Employment agencies 
B)  Regulators 
C)  Banks 
D)  Board of directors 
E)  Employees

Question 18

For a private college, parents of students may be considered part of the _____ dimension of the task environment.

Accepted Answer

A)  supplier 
B)  competitor 
C)  regulator 
D)  strategic partner 
E)  customer 
A)  supplier 
B)  competitor 
C)  regulator 
D)  strategic partner 
E)  customer

Question 19

Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or import from one another are known as _____.

Accepted Answer

A)  service-level agreements 
B)  licensing agreements 
C)  export restraint agreements 
D)  strategic alliance agreements 
E)  operational-level agreements 
A)  service-level agreements 
B)  licensing agreements 
C)  export restraint agreements 
D)  strategic alliance agreements 
E)  operational-level agreements

Question 20

Define the internal environment of an organization, and describe its four major elements.

Accepted Answer

An organization's internal environment c

Which of the following is a concern of the economic dimension of an organization's general environment?

A group organized by its members to attempt to influence organizations is known as a(n):

The term _____ refers to an individual's personal beliefs about whether a behavior, action, or decision is right or wrong.

Hike and Loiters are two shoe manufacturers. Their products are similar, they are in the same price range, and their consumers keep switching between their products. This makes them:

Which of the following is an element of an organization's internal environment?

Alex, one of the proprietors of Atlas Corp. is worried.The stock market was not doing well, unemployment was 10 percent, inflation was on the rise again, and government debt was still increasing. These concerns of Alex are related to the _____ dimension of the general environment of Atlas Corp.

As an internationalization strategy, the typical use of maquiladoras by U.S. firms is a form of _____.

_____ are, in effect, export quotas.

A person who purchases stock in a company becomes a(n) _____ of the company.

_____ gives preference to domestic producers through content or price restrictions.

Which of the following is an advantage of licensing as an approach to internationalization?

Which of the following statements about organizational culture is true?

Ralph Corp. and Swan Inc. are strategic partners. In this context, which of the following statements is most accurate?

Match the following numbered items with the most accurate response letter, regarding the advantages of approaches to internationalization. A response may be used once, more than once, or not at all. -Quick market entry

Which of the following would supply capital to a business?

For a private college, parents of students may be considered part of the _____ dimension of the task environment.

Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or import from one another are known as _____.

Define the internal environment of an organization, and describe its four major elements.

Understanding the Managers Job

Planning and Strategic Management

Managing Decision Making

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality, and Productivity

Filters

Exam 2: The Environment of Organizations and Managers

Which of the following is a concern of the economic dimension of an organization's general environment?

A group organized by its members to attempt to influence organizations is known as a(n):

The term _____ refers to an individual's personal beliefs about whether a behavior, action, or decision is right or wrong.

Hike and Loiters are two shoe manufacturers. Their products are similar, they are in the same price range, and their consumers keep switching between their products. This makes them:

Which of the following is an element of an organization's internal environment?

Alex, one of the proprietors of Atlas Corp. is worried.The stock market was not doing well, unemployment was 10 percent, inflation was on the rise again, and government debt was still increasing. These concerns of Alex are related to the _____ dimension of the general environment of Atlas Corp.

As an internationalization strategy, the typical use of maquiladoras by U.S. firms is a form of _____.

_____ are, in effect, export quotas.

A person who purchases stock in a company becomes a(n) _____ of the company.

_____ gives preference to domestic producers through content or price restrictions.

Which of the following is an advantage of licensing as an approach to internationalization?

Which of the following statements about organizational culture is true?

Ralph Corp. and Swan Inc. are strategic partners. In this context, which of the following statements is most accurate?

Match the following numbered items with the most accurate response letter, regarding the advantages of approaches to internationalization. A response may be used once, more than once, or not at all. -Quick market entry

Which of the following would supply capital to a business?

For a private college, parents of students may be considered part of the _____ dimension of the task environment.

Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or import from one another are known as _____.

Define the internal environment of an organization, and describe its four major elements.

Understanding the Managers Job

Planning and Strategic Management

Managing Decision Making

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality, and Productivity

Filters