Org & Mgt Quiz #3-4

What is the set of forces surrounding an organization that have the potential to affect the way it operates and performs?

• Organizational Environment

• Business Organization

• External Factors

• Internal Factors

What are the forces and events outside the company that have the potential to influence or affect its operation?

• Organizational Environment

• Business Organization

• External Factors

• Internal Factors

What analysis is used to evaluate the external factors that affect a business?

• Business Analysis

• Environmental Analysis

• PESTLE Analysis

• SWOT Analysis

What is the meaning of the letter “T” on the abbreviation SWOT Analysis?

• Team

• Technology

• Transfer

• Threats

Which of the following is NOT included in external environment?

• Economic Culture

• Physical Work Culture

• Political Culture

• Social Culture

What is factors affect the purchasing power of customers?

• Economic

• Environment

• Legal

• Political

What refers to the external trends and events that can benefit the organization in the future?

• Opportunities

• Strength

• Threats

• Weaknesses

What refers to internal competencies possessed by an organization that will enable it to achieve its objectives?

• Opportunities

• Strength

• Threats

• Weaknesses

What is a social arrangement that allows buyers and sellers to discover information and complete voluntary exchange of goods and services?

• Product Specialization

• Commerce

• Trade

• Market

What is an act of trading something of economic value such as good, service, information, or money between two entities?

• Product Specialization

• Commerce

• Trade

• Market