Question 1

Which of the following approaches is effective for top management to use to manage the positive corporate culture effectively?

Accepted Answer

A)   Executives must not give too much attention to the mundane details of daily affairs.
B)   Executives must allow the organization to develop lofty ideas and visions for the company, and then it is up to others in the organization to follow through on these ideas and visions.
C)   CEOs and other executives should always make choices that contribute to profit even if this means not quite living up to the company's values.
D)   Hire and promote employees on the basis of the organization's corporate values.
E)   All of these are effective to manage the corporate culture.F) C) and E)
G) B) and D)

Question 2

Alyssa owns Carver Gifts, and she is projecting that the economy will rebound this fall. She ordered additional holiday gift merchandise in February in anticipation of the surge in sales that the holiday season usually but not always brings to her retail store. Here Alyssa is using __________ to be sure she has enough gifts for those extra holiday customers.

Accepted Answer

A)   just-in-time inventory management
B)   smoothing
C)   kanban
D)   buffering
E)   adapting at the coreF) C) and D)
G) B) and E)

Question 3

Describe the culture of an organization that you have either worked in or studied. Which of the four types of organizational culture described in the chapter does the organization illustrate? Justify your answer.

Accepted Answer

I have worked in an organization that ha...

Question 4

Family leave, flexible working hours, and child care assistance have been introduced as a direct result of the growing ethnic diversity in the workplace.

Accepted Answer

A) True 
 B)False

Question 5

Describe the five forces in Porter's model for competitive analysis.

Accepted Answer

Porter's model for competitive analysis ...

Question 6

Landscaping products are complements when people are buying new homes.

Accepted Answer

A) True 
 B)False

Question 7

Fixed costs buyers face if they change suppliers are called

Accepted Answer

A)   Changing costs.
B)   Switching costs.
C)   Supplier costs.
D)   Exchange costs.
E)   Sunk costs.F) A) and B)
G) B) and C)

Question 8

Ranier Outdoor Clothing managers engage in an annual organizational assessment, trying to predict industry changes as well as possible opportunities and threats. They look at issues such as who their competitors are, current entry barriers, and what substitutes exist for their products. This assessment is called

Accepted Answer

A)   Scenario development.
B)   Forecasting.
C)   Benchmarking.
D)   Environmental scanning.
E)   SWOT analysis.F) D) and E)
G) A) and E)

Question 9

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

Accepted Answer

There are several different approaches t...

Question 10

An outcome of environmental scanning is __________, the information necessary to decide how best to manage in the competitive environment managers have identified.

Accepted Answer

A)   an organizational plan
B)   entry barrier concepts
C)   competitive intelligence
D)   corporate espionage plans
E)   competitive counterplansF) B) and C)
G) A) and E)

Question 11

One firm buying another is called a(n)

Accepted Answer

A)   Merger.
B)   Acquisition.
C)   Divestiture.
D)   Prospective.
E)   Defender.F) B) and E)
G) C) and D)

Question 12

Environmental uncertainty results from

Accepted Answer

A)   Complexity.
B)   Simplicity.
C)   Cooperation.
D)   Product and industry stability.
E)   An incrementally changing environment.F) A) and B)
G) B) and C)

Question 13

The SEC recently proposed regulations requiring companies to disclose more details about executive compensation. This illustrates an important interaction between organizations and their relevant

Accepted Answer

A)   Demographics.
B)   Regulators.
C)   Attorneys.
D)   Labor officials.
E)   Suppliers.F) D) and E)
G) A) and D)

Question 14

Organizations must acquire a variety of resources in order to produce a product or service of value. These resources may include materials, equipment, financing, or even employees. The sources that provide these various resources are referred to as

Accepted Answer

A)   Resource firms.
B)   Placement centers.
C)   Retailers.
D)   Suppliers.
E)   Customs houses.F) A) and C)
G) B) and C)

Question 15

Which of the following is a competitor that a mass merchandiser like Target must identify and anticipate the actions of?

Accepted Answer

A)   Consumer advocacy groups.
B)   Mass merchandiser suppliers.
C)   Wholesale outlets like Sam's or Costco.
D)   Companies entering new markets.
E)   All of these are potential competitors.F) A) and D)
G) B) and D)

Question 16

The method for predicting how variables will change in the future is called

Accepted Answer

A)   Budgeting.
B)   Scenario development.
C)   Forecasting.
D)   Benchmarking.
E)   Environmental scanning.F) B) and D)
G) A) and C)

Question 17

The main difference between a final consumer and an intermediate consumer is that

Accepted Answer

A)   The final consumer usually pays cash for the purchase, whereas the intermediate customer uses a credit arrangement.
B)   An intermediate consumer will utilize the purchase in order to sell its product/service to final consumers, whereas a final consumer uses the product herself.
C)   Final consumers purchase more (in dollar value)  than do intermediate consumers.
D)   Intermediate consumers are usually more flexible in their product requirements and scheduling than final consumers.
E)   Final consumers have more bargaining power than intermediate consumers.F) A) and E)
G) C) and D)

Question 18

If an organization's culture is externally oriented and focused on control with its primary objectives as productivity, planning, and efficiency, it could best be described as __________ type of culture, according to the competing values model.

Accepted Answer

A)   a group
B)   a hierarchical
C)   a rational
D)   an adhocracy
E)   a values-orientedF) C) and D)
G) A) and E)

Question 19

Social metrics are measures of various characteristics of the people who make up groups or other social units.

Accepted Answer

A) True 
 B)False

Question 20

The Internet has empowered customers by providing an easy source of information.

Accepted Answer

A) True 
 B)False

Exam 2: The External and Internal Environments

The SEC recently proposed regulations requiring companies to disclose more details about executive compensation. This illustrates an important interaction between organizations and their relevant

Correct Answer
verified

The method for predicting how variables will change in the future is called

Correct Answer
verified

If an organization's culture is externally oriented and focused on control with its primary objectives as productivity, planning, and efficiency, it could best be described as __________ type of culture, according to the competing values model.

Correct Answer
verified

Correct Answer
verified

Organizations must acquire a variety of resources in order to produce a product or service of value. These resources may include materials, equipment, financing, or even employees. The sources that provide these various resources are referred to as

Correct Answer
verified

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

Correct Answer
Answered by ExamLex AI
There are several different approaches t...
View Answer

Environmental uncertainty results from

Correct Answer
verified

The Internet has empowered customers by providing an easy source of information.

Correct Answer
verified

An outcome of environmental scanning is __________, the information necessary to decide how best to manage in the competitive environment managers have identified.

Correct Answer
verified

One firm buying another is called a(n)

Correct Answer
verified

Fixed costs buyers face if they change suppliers are called

Correct Answer
verified

Correct Answer
verified

The main difference between a final consumer and an intermediate consumer is that

Correct Answer
verified

Describe the culture of an organization that you have either worked in or studied. Which of the four types of organizational culture described in the chapter does the organization illustrate? Justify your answer.

Correct Answer
Answered by ExamLex AI
I have worked in an organization that ha...
View Answer

Which of the following is a competitor that a mass merchandiser like Target must identify and anticipate the actions of?

Correct Answer
verified

Describe the five forces in Porter's model for competitive analysis.

Correct Answer
Answered by ExamLex AI
Porter's model for competitive analysis ...
View Answer

Social metrics are measures of various characteristics of the people who make up groups or other social units.

Correct Answer
verified

Family leave, flexible working hours, and child care assistance have been introduced as a direct result of the growing ethnic diversity in the workplace.

Correct Answer
verified

Landscaping products are complements when people are buying new homes.

Correct Answer
verified

Which of the following approaches is effective for top management to use to manage the positive corporate culture effectively?

Correct Answer
verified

Exam 2: The External and Internal Environments

The SEC recently proposed regulations requiring companies to disclose more details about executive compensation. This illustrates an important interaction between organizations and their relevant

Correct AnswerverifiedShow Answer

The method for predicting how variables will change in the future is called

Correct AnswerverifiedShow Answer

If an organization's culture is externally oriented and focused on control with its primary objectives as productivity, planning, and efficiency, it could best be described as __________ type of culture, according to the competing values model.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Organizations must acquire a variety of resources in order to produce a product or service of value. These resources may include materials, equipment, financing, or even employees. The sources that provide these various resources are referred to as

Correct AnswerverifiedShow Answer

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

Correct AnswerAnswered by ExamLex AIThere are several different approaches t...View AnswerShow Answer

Environmental uncertainty results from

Correct AnswerverifiedShow Answer

The Internet has empowered customers by providing an easy source of information.

Correct AnswerverifiedShow Answer

An outcome of environmental scanning is __________, the information necessary to decide how best to manage in the competitive environment managers have identified.

Correct AnswerverifiedShow Answer

One firm buying another is called a(n)

Correct AnswerverifiedShow Answer

Fixed costs buyers face if they change suppliers are called

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The main difference between a final consumer and an intermediate consumer is that

Correct AnswerverifiedShow Answer

Describe the culture of an organization that you have either worked in or studied. Which of the four types of organizational culture described in the chapter does the organization illustrate? Justify your answer.

Correct AnswerAnswered by ExamLex AII have worked in an organization that ha...View AnswerShow Answer

Which of the following is a competitor that a mass merchandiser like Target must identify and anticipate the actions of?

Correct AnswerverifiedShow Answer

Describe the five forces in Porter's model for competitive analysis.

Correct AnswerAnswered by ExamLex AIPorter's model for competitive analysis ...View AnswerShow Answer

Social metrics are measures of various characteristics of the people who make up groups or other social units.

Correct AnswerverifiedShow Answer

Family leave, flexible working hours, and child care assistance have been introduced as a direct result of the growing ethnic diversity in the workplace.

Correct AnswerverifiedShow Answer

Landscaping products are complements when people are buying new homes.

Correct AnswerverifiedShow Answer

Which of the following approaches is effective for top management to use to manage the positive corporate culture effectively?

Correct AnswerverifiedShow 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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Correct Answer
Answered by ExamLex AI
There are several different approaches t...
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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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Correct Answer
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Correct Answer
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Correct Answer
Answered by ExamLex AI
I have worked in an organization that ha...
View Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Porter's model for competitive analysis ...
View Answer

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Correct Answer
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Correct Answer
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