WorksheetsThe Firm and Its Environment
Total questions: 20
Worksheet time: 7mins
Name
Class
Date
1.
What must all managers consider before planning anything?
a)
Internal factors
b)
External factors
c)
Market trends
d)
Current competition
2.
Which of the following is NOT a component of the External Business Environment?
a)
Economic situations
b)
Technological situations
c)
Political situations
d)
Internal policies
3.
How does economic situations affect management practices in organizations?
a)
It influences company culture
b)
It determines the organization's location
c)
It may postpone expansion plans if bank loan interests are too high
d)
It affects product design
4.
What are some examples of sociocultural situations affecting management practices?
a)
Changing market trends
b)
Increasing competition
c)
Changing values and preferences of customers
d)
Exchange rates
5.
What do politico-legal situations include?
a)
Local customs
b)
International trade agreements
c)
National and local laws and regulations
d)
Changing demographics
6.
Which of the following is an example of demographic situations influencing managerial decisions?
a)
Technological advancements
b)
Hiring preferences based on gender and age
c)
The company's stock price
d)
Labor union demands
7.
What do technological situations of companies involve?
a)
Exchange rates
b)
Advanced technology such as computers and robotics
c)
Natural disasters
d)
Inflation rates
8.
What is the purpose of benchmarking in business?
a)
To measure or compare an organization's products with others
b)
To assess the organization's financial stability
c)
To predict future market trends
d)
To create new products
9.
What is cultural intelligence?
a)
The ability to adjust to different cultures
b)
The ability to speak multiple languages
c)
The study of world cultures
d)
The knowledge of local customs
10.
According to Geert Hofstede, what does "Power Distance" refer to?
a)
The influence of technology on culture
b)
The degree to which a society accepts or rejects the unequal distribution of power
c)
The speed of technological advancements
d)
The number of political parties in a country
11.
What is "Individualism-Collectivism" in the context of cultural dimensions?
a)
The preference for group or team work
b)
The degree to which a society values assertiveness
c)
The preference for working alone without help from others
d)
The pursuit of individual accomplishments
12.
How do individualistic cultures like the US and Australia differ from collectivist cultures?
a)
They emphasize teamwork and group collaboration
b)
They value assertiveness and individual accomplishments
c)
They avoid risk-taking
d)
They rely heavily on government support
13.
What is the main challenge of managing in a global business environment?
a)
Adapting to technological changes
b)
Dealing with diverse cultures rooted in history, religion, and traditions
c)
Increasing domestic competition
d)
Managing internal operations
14.
Which aspect of a country's economic environment can influence an organization's decision-making?
a)
The local cuisine
b)
Exchange rates
c)
Political stability
d)
World records in sports
15.
What does sustainable economic development aim to achieve?
a)
Maximizing short-term profits
b)
Improving the quality of people's lives while preserving resources for future generations
c)
Achieving global domination
d)
Eliminating all business competition
16.
What are the Millennium Development Goals (MDGs) focused on?
a)
Achieving maximum profit for businesses
b)
Providing equal opportunities for all employees
c)
Addressing extreme poverty and promoting gender equality, education, and environmental stability
d)
Expanding markets worldwide
17.
What is one of the MDGs related to environmental sustainability?
a)
Eradicate extreme hunger and poverty
b)
Achieve universal primary education
c)
Promote gender equality
d)
Ensure environmental sustainability
18.
What are the main focus areas of the Philippine Development Plan (PDP)?
a)
Improving international relations
b)
Achieving technological advancement
c)
Promoting gender equality
d)
Pursuit of inclusive growth, good governance, and environmental conservation
19.
What is the primary goal of the ASEAN Economic Community (AEC)?
a)
To create barriers to international trade
b)
To establish strict border controls
c)
To promote cultural diversity
d)
To create a single common market and production base for member countries
20.
What is the expected outcome of the AEC according to the ILO and ADB study?
a)
Greater restrictions on labor migration
b)
A decrease in economic opportunities for ASEAN countries
c)
Shared prosperity and equitable growth among member countries and sectors
d)
Increased political tensions among member countries
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