WorksheetsPage 1
Total questions: 49
Worksheet time: 25mins
Monitoring, evaluating, and disseminating information from the external and internal environments to key people within the company is called?
Environmental analysis
External analysis
Internal analysis
Strategy formulation
The combination of the degree of complexity and the degree of change existing in an organization's external environment is called?
Strategic factors
Strategic issues
Environmental uncertainty
Strategic fit
The INDUSTRY environment of a company?
Includes the actual physical working areas of the organization
Includes those elements or groups within the company's industry
Is an advisory committee for top management
Is an accounting of various jobs within an organization
Which of the following is NOT a factor of the organization's TASK environment?
Competitors
Customers
Technological development
Suppliers
Which of the following is NOT a major FACTOR in the macro environment?
Political-legal factors
Suppliers
Economic factors
Technological factors
A company with significant assets and operations in multiple countries is called?
Multinational Corporation (MNC)
Repatriated Corporation
Transferable Company
Cloned Corporation
Which of the following does NOT describe the process of external environmental analysis?
Used as a tool to ensure the long-term "health" of the business
Used to monitor, evaluate, and disseminate information relevant to strategy formulation
Used to identify major shareholders
Used to forecast potential threats
Which environment was generally viewed by the business world as something to be exploited rather than conserved, until the 20th century?
Task environment
Natural environment
Internal environment
Social environment
Which social FORCE includes demographic trends?
Labor force
Economic forces
Technological forces
Sociocultural forces
Which of the following does NOT describe the "threat of POTENTIAL ENTRANTS"?
Have a desire to gain market share
Depend on the reaction of existing competitors
Do not affect the attractiveness of the industry
Bring new capacity and substantial resources
A sugar company worried that consumers might buy artificial sweeteners instead of sugar is concerned about?
Threat of new entrants
Rivalry among existing firms
Threat of substitute products
Bargaining power of suppliers
Which of the following does NOT describe the threat of substitute products or services?
Substitute products may look different but satisfy the same needs as another product
If switching costs are low, substitutes can have a strong effect on an industry
Identifying substitutes is relatively easy because they look the same
Substitutable products or services may not be easily replaceable
The context for the birth of management theory is?
There was fierce competition between production and business units
Due to consumer demand increasing too rapidly
Early signs of management activity, Adam Smith's economic theory, and the First Industrial Revolution
All of the above are incorrect
The two main lines in the Classical Management school are?
Quantitative Management and Scientific Management
Scientific Management and Administrative Management
Psychosocial Management and Scientific Management
Quantitative Management and Administrative Management
Who is one of the representative authors of the Scientific Management school?
Adam Smith
Abraham Maslow
Frederick Taylor
Max Weber
Time and motion studies are the most effective way to implement which of Taylor's management principles?
Principles in human resource management
Principles in rewards
Principle of developing a scientific basis for work elements
Principle of division of labor
Research focused on reducing unnecessary motions that cause fatigue for workers is the contribution of which author?
Henry Gantt
Frank and Lillian Gilbreth
Frederick Taylor
Max Weber
Which of the following is NOT an advantage of the Scientific Management perspective?
Emphasizes the selection and training of workers
Uses many rational methods to solve management problems
Values the satisfaction of workers' needs
Emphasizes compensation using material tools
Which is NOT a category of work that Henri Fayol proposed in his administrative management theory?
Technical (Manufacturing)
Security
Management (Managerial)
Information Technology
Which principle, if broken, causes constraint in work and does not allow workers to propose opinions on their way of working?
Discipline
Chain of Command (Scalar Chain)
Equity
Initiative
Management separated from ownership is a principle in the management philosophy of?
Frederick Taylor
Henry Gantt
Henri Fayol
Max Weber
The Behavioral Management perspective was born to?
Increase labor productivity
Increase benefits for workers
Impact the behavior of workers
Overcome the limitations of the classical management school
To increase labor productivity, managers need to satisfy the psycho-social needs of workers is the core view of which management school?
Classical
Scientific
Administrative
Behavioral
The advocate of "Management by human relations" is?
Frederick Taylor
Max Weber
Abraham Maslow
Elton Mayo
"The nature of workers is good; they will enjoy work if given favorable conditions" is the view of which author?
Abraham Maslow
Douglas McGregor (Theory Y)
Elton Mayo
Max Weber
"Management is decision making" is the view of which management school?
Scientific Management
Administrative Management
Quantitative Management
Behavioral Management
Focusing only on material benefits without caring about the spiritual values of workers is a weakness of?
Scientific Management
Administrative Management
Quantitative Management
Behavioral Management
Paying too much attention to the human factor to the point of becoming biased is a weakness of which perspective?
Scientific Management
Administrative Management
Quantitative Management
Behavioral Management
Viewing the object of management as a unified whole composed of many interrelated parts is the perspective of?
Scientific Management
Administrative Management
Systems Management
Behavioral Management
Which management perspective is built on the belief that workers only have physical and economic needs?
Scientific Management
Administrative Management
Classical Management
Behavioral Management
Increasing labor productivity by impacting the work motions of workers is the view of?
Behavioral Management
Scientific Management
Systems Management
Quantitative Management
Climate change belongs to which component of the environment?
General environment
Task environment
Industry environment
Internal environment
Inflation of the economy belongs to which environmental component?
Task environment
Internal environment
Macro environment
None of the above
The impact of the technological environment on the organization occurs through?
Business strategy selection
Changes in production processes
Changes in distribution processes
All of the above are correct
Which of the following is NOT a benefit of management environmental analysis?
Grasping future trends of change
Assessing the degree of environmental impact on the organization
Eliminating unwanted impacts
Understanding the relationship between environmental components
Barriers to entry are a factor belonging to which environmental component?
Macro environment
Economic environment
Industry environment
Natural environment
Which statement is true regarding the relationship between the macro and micro environments?
There is no connection
There is a relationship but it depends on the time
The macro environment indirectly affects the organization through the micro environment
Both have the same impact on the organization
Comparing the technological environment and the socio-cultural environment, we see?
They have the same level of complexity
They have the same speed of change
Technology changes faster than society-culture
Society-culture changes faster than technology
Change management is significant because?
It helps the organization respond better to environmental changes
It helps the organization avoid environmental risks entirely
It helps the organization face no obstacles to development
None of the points are correct
What can an organization do to limit resistance to change?
Increase training and coaching
Do not let employees participate too much in decision making
Increase pressure from managers down to employees
Limit the provision of information to employees
Which factor is NOT a component of the Five Forces of the business environment model by Michael Porter?
Bargaining power of buyers
Bargaining power of suppliers
Market expansion of other industries
Pressure from competitors
Pressure from the bargaining power of buyers will decrease if?
There are more sellers
There are more buyers
Purchase demand decreases
All of the above
Initial investment costs for a business to join an industry affect?
Pressure from the macro environment
Pressure from the industry environment
Pressure from the economic environment
Pressure from the internal environment
In management environmental analysis, PEST stands for?
Power, Economic, Social, Technological
Power, Economic, Socio-cultural, Technological
Political, Economic, Socio-cultural, Technological
Political, Economic, Social, Technological
Which is a component belonging to the internal environment of the organization?
Laws and state regulations
Natural conditions
Company capabilities and resources
Economic growth
Changes in consumer tastes belong to which component of the management environment?
Natural environment
Technological environment
Socio-cultural environment
Economic environment
The measure aimed at limiting demand by adjusting prices is?
Buffering
Price adjustment
Contracting
Mergers
Managing the environment by calling for the support of social organizations is which measure?
Buffering
Price adjustment
Lobbying (Political Action)
Mergers
The government adjusting the base interest rate will lead to a change in which environmental factor first?
Technological environment
Natural environment
Economic environment
Socio-cultural environment
