Question 1

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)   regulationsF) B) and D)
G) A) and E)

Question 2

_____ 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" policyF) B) and E)
G) C) and E)

Question 3

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)   economicF) A) and D)
G) A) and C)

Question 4

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.F) A) and B)
G) C) and D)

Question 5

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 ownershipF) B) and E)
G) A) and B)

Question 6

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 InvestmentE) None of the above
F) A) and B)

Question 7

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 suppliersF) A) and E)
G) None of the above

Question 8

Which of the following would supply capital to a business?

Accepted Answer

A)   Employment agencies
B)   Regulators
C)   Banks
D)   Board of directors
E)   EmployeesF) A) and D)
G) A) and C)

Question 9

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)   customerF) None of the above
G) A) and E)

Question 10

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

Accepted Answer

An organization's internal environment c...

Question 11

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 agreementsF) None of the above
G) A) and B)

Question 12

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)   regulatorF) A) and B)
G) A) and C)

Question 13

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.F) C) and D)
G) A) and B)

Question 14

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.F) A) and E)
G) C) and E)

Question 15

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 cafeteriaF) A) and E)
G) B) and E)

Question 16

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)   franchisingF) A) and B)
G) A) and C)

Question 17

_____ 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 agreementsF) A) and E)
G) A) and D)

Question 18

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)   regulatorF) A) and E)
G) B) and C)

Question 19

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 agreementF) B) and E)
G) A) and B)

Question 20

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.F) C) and D)
G) None of the above

Exam 2: The Environment of Organizations and Managers

Which of the following statements about organizational culture is true?

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

Correct Answer
verified

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.

Correct Answer
verified

Which of the following would supply capital to a business?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified
An organization's internal environment c...
View Answer

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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 _____.

Correct Answer
verified

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:

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

_____ are, in effect, export quotas.

Correct Answer
verified

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

Correct Answer
verified

Exam 2: The Environment of Organizations and Managers

Which of the following statements about organizational culture is true?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Which of the following would supply capital to a business?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedAn organization's internal environment c...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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 _____.

Correct AnswerverifiedShow Answer

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:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

_____ are, in effect, export quotas.

Correct AnswerverifiedShow Answer

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

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
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Correct Answer
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Correct Answer
verified
An organization's internal environment c...
View 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
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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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