MGT 1013 CHAPTER 2

The external environment includes factors such as political conditions, technological innovations, and demographic trends.

• True

• False

An organization's culture only affects managers, not employees.

• True

• False

A global strategic alliance is a form of minimal investment to enter the international market.

• True

• False

Global sourcing is the least risky and least expensive way to enter global markets.

• True

• False

Exporting is the process of selling foreign-made goods domestically.

• True

• False

Franchising is primarily used by manufacturing companies.

• True

• False

Organizational culture can be described as the collective attitudes, values, and norms shared by employees in an organization.

• True

• False

Managers are not influenced by external environmental factors.

• True

• False

Political and legal factors are part of the external environment.

• True

• False

An MNC with a decentralized management system is called a multidomestic corporation.

• True

• False