Test-Bank-for-Strategic-Management-Concepts-and-Cases-Competitiveness-and-Globalization-11th-Edition-Hitt,-Ireland,-Hoskisson

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Test-Bank-for-Strategic-Management-Concepts-and-Cases-Competitiveness-and-Globalization-11th-Edition-Hitt,-Ireland,-Hoskisson-True / False 1. The external environment facing business stays relatively ... constant over time. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy REFERENCES: 40 LEARNING OBJECTIVES: STMA.HITT.15.02.01 - 02.01 NATIONAL STANDARDS: United States - BUSPROG: Analytic NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Comprehension 2. Demographic, economic, political/legal, sociocultural, technological, global, and physical are the seven elements comprising the industry environment. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Hard REFERENCES: 40 (Table 2.1) LEARNING OBJECTIVES: STMA.HITT.15.02.02 - 02.02 NATIONAL STANDARDS: United States - BUSPROG: Analytic NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Knowledge 3. Firms can directly control the elements of the seven segments of the general environment. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy REFERENCES: 39 LEARNING OBJECTIVES: STMA.HITT.15.02.02 - 02.02 NATIONAL STANDARDS: United States - BUSPROG: Analytic NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Comprehension Your text here 1 Comprehension Full file at 4. The recent bankruptcy filings by General Motors and Chrysler Corporation illustrate that firms cannot directly control the general environment's segments. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Medium REFERENCES: 39 LEARNING OBJECTIVES: STMA.HITT.15.2-02 - 02.02 NATIONAL STANDARDS: United States - BUSPROG: Analytic NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Application 5. The industry environment directly influences the firm and its competitive actions and responses. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy REFERENCES: 39 LEARNING OBJECTIVES: STMA.HITT.15.2-02 - 02.02 NATIONAL STANDARDS: United States - BUSPROG: Analytic NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing decision-making processes | Bloom: Knowledge 6. Competitor analysis is focused on the factors and conditions influencing an industry's profitability potential. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Medium REFERENCES: 39 LEARNING OBJECTIVES: STMA.HITT.15.2-02 - 02.02 NATIONAL STANDARDS: United States - BUSPROG: Analytic NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing decision-making processes | Bloom: Full file at 7. When firms analyze the external environment, they typically have complete and unambiguous data. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Medium REFERENCES: 40 LEARNING OBJECTIVES: STMA.HITT.15.02.02 - 02.02 NATIONAL STANDARDS: United States - BUSPROG: Analytic NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing decision-making processes | Bloom: Comprehension 8. Monitoring involves the development of a forecast of what might happen at a future point in time. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy REFERENCES: 42 LEARNING OBJECTIVES: STMA.HITT.15.02.03 - 02.03 NATIONAL STANDARDS: United States - BUSPROG: [Show More]

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