Question 1

Compare the general versus the specific environment.

Accepted Answer

The general environment includes technol...

Question 2

Mr. Perry thinks perhaps the $30,000 price tag of each portable saw mill might discourage buyers from going to another brand portable saw mill. This is an example of

Accepted Answer

A)   product differentiation.
B)   capital requirements.
C)   switching costs.
D)   access to distribution channels.
E)   government policy.F) C) and D)
G) A) and B)

Question 3

Which of the following best describes the organizational environment perspective that summarizes the various studies of organizational environments?

Accepted Answer

A)   Environment as a source of information
B)   Environment as a source of resources
C)   Environment as a source of power
D)   Environment as a source of information and resources
E)   None of the answer choices is correct.F) D) and E)
G) C) and D)

Question 4

One of the biggest technological advancements to affect the organization in recent years is

Accepted Answer

A)   the assembly line.
B)   the ability of consumers to buy online.
C)   the introduction of hand-held personal computers.
D)   continuing computerization of an organization's activities.
E)   the ability of managers to control employees electronically.F) None of the above
G) A) and B) D

Question 5

Buyers have bargaining power if the industry's product is not important to the quality of the buyers' products or services.

Accepted Answer

A) True 
 B)False

Question 6

One of the factors that shapes the definition of exit barriers as factor(s) that keep companies competing in businesses, even when those businesses are failing, is

Accepted Answer

A)   economic factors.
B)   strategic factors.
C)   emotional factors.
D)   All of the answer choices are correct.
E)   None of the answer choices is correct.F) A) and E)
G) B) and E)

Question 7

A supplier will have more bargaining power

Accepted Answer

A)   if it is able to provide the products that the industry is currently providing.
B)   if the supplier's product is an important input to the industry.
C)   if the supplier's products are differentiated or there are customer switching costs.
D)   All of the answer choices are correct.
E)   None of the answer choices is correct.F) B) and E)
G) A) and B)

Question 8

Industry sales forecasts and trends are part of the general economic sector.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following does not usually function as an entry barrier?

Accepted Answer

A)   Economies of scale
B)   High strategic stakes
C)   Product differentiation
D)   Switching costs
E)   Access to distribution channelsF) B) and D)
G) D) and E)

Question 10

Which of the general environmental sectors is affected when minimum wage laws are changed?

Accepted Answer

A)   Economics
B)   Demographics
C)   Sociocultural
D)   Political/legal
E)   TechnologicalF) D) and E)
G) A) and D)

Question 11

When consumers consider whether they have the ability and resources themselves to manufacture the products they are purchasing from the industry, this issue refers to the ________ of the Porter five forces model.

Accepted Answer

A)   bargaining power of buyers
B)   threat of potential entrants
C)   threat of substitute products
D)   bargaining power of suppliers
E)   None of the answer choices are correct.F) A) and B)
G) A) and C)

Question 12

Describe the benefits of conducting an external analysis.

Accepted Answer

Proactive management allows managers to ...

Question 13

As an open system, an organization is affected by the environment and can also impact that environment.

Accepted Answer

A) True 
 B)False

Question 14

An element of the environment as information perspective is

Accepted Answer

A)   environmental relevancy.
B)   environmental uncertainty.
C)   environmental currency.
D)   environmental texture.
E)   None of the answer choices is correct.F) B) and E)
G) A) and D)

Question 15

One of the conditions that contributes to intense competitor rivalry is

Accepted Answer

A)   numerous or equally balanced competitors.
B)   slow industry growth.
C)   high fixed costs.
D)   diverse competitors.
E)   All of the answer choices are correct.F) C) and D)
G) A) and B)

Question 16

The major problem with forecasts and trend analyses is

Accepted Answer

A)   the information is difficult to compile with the latest technology.
B)   the information constitutes predictions of the future, not actual facts.
C)   the information is built using historical trends.
D)   consumers do not benefit from technological trends predicted.
E)   None of the answer choices is correct.F) A) and D)
G) C) and E)

Question 17

When organizations consider whether there are upcoming price increases in the products purchased by the industry, this issue refers to the ________ of the Porter five forces model.

Accepted Answer

A)   bargaining power of buyers
B)   threat of potential entrants
C)   threat of substitute products
D)   bargaining power of suppliers
E)   None of the answer choices is correct.F) A) and E)
G) B) and D)

Question 18

Recent census data showed that for the first time in the history of the United States there were more Americans over age ________ than under.

Accepted Answer

A)   25
B)   30
C)   21
D)   19
E)   35F) C) and D)
G) A) and C) B

Question 19

The generation of the postwar group was born between the years

Accepted Answer

A)   1912-1921.
B)   1922-1927.
C)   1928-1945.
D)   1965-1977
E)   1978-1994.F) D) and E)
G) A) and D)

Question 20

Which of the following is not one of the five competitive forces?

Accepted Answer

A)   Competition forms substitute products
B)   The threat of potential entry
C)   The strength of industry forces
D)   The bargaining power of buyers
E)   None of the answer choices is correct.F) B) and D)
G) C) and D) C

Exam 3: Assessing Opportunities and Threats: Doing an External Analysis

Compare the general versus the specific environment.

Correct AnswerverifiedThe general environment includes technol...View AnswerShow Answer

Mr. Perry thinks perhaps the $30,000 price tag of each portable saw mill might discourage buyers from going to another brand portable saw mill. This is an example of

Correct AnswerverifiedShow Answer

Which of the following best describes the organizational environment perspective that summarizes the various studies of organizational environments?

Correct AnswerverifiedShow Answer

One of the biggest technological advancements to affect the organization in recent years is

Correct AnswerverifiedD

Buyers have bargaining power if the industry's product is not important to the quality of the buyers' products or services.

Correct AnswerverifiedShow Answer

One of the factors that shapes the definition of exit barriers as factor(s) that keep companies competing in businesses, even when those businesses are failing, is

Correct AnswerverifiedShow Answer

A supplier will have more bargaining power

Correct AnswerverifiedShow Answer

Industry sales forecasts and trends are part of the general economic sector.

Correct AnswerverifiedShow Answer

Which of the following does not usually function as an entry barrier?

Correct AnswerverifiedShow Answer

Which of the general environmental sectors is affected when minimum wage laws are changed?

Correct AnswerverifiedShow Answer

When consumers consider whether they have the ability and resources themselves to manufacture the products they are purchasing from the industry, this issue refers to the ________ of the Porter five forces model.

Correct AnswerverifiedShow Answer

Describe the benefits of conducting an external analysis.

Correct AnswerverifiedProactive management allows managers to ...View AnswerShow Answer

As an open system, an organization is affected by the environment and can also impact that environment.

Correct AnswerverifiedShow Answer

An element of the environment as information perspective is

Correct AnswerverifiedShow Answer

One of the conditions that contributes to intense competitor rivalry is

Correct AnswerverifiedShow Answer

The major problem with forecasts and trend analyses is

Correct AnswerverifiedShow Answer

When organizations consider whether there are upcoming price increases in the products purchased by the industry, this issue refers to the ________ of the Porter five forces model.

Correct AnswerverifiedShow Answer

Recent census data showed that for the first time in the history of the United States there were more Americans over age ________ than under.

Correct AnswerverifiedB

The generation of the postwar group was born between the years

Correct AnswerverifiedShow Answer

Which of the following is not one of the five competitive forces?

Correct AnswerverifiedC

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The general environment includes technol...
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D

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Proactive management allows managers to ...
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B

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C