Accounting
Chapter 2—The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis
TRUE/FALSE
1. The health-related concerns in the general environment facing Philip Morris International are part of the physical segment.
ANS: F PTS: 1 DIF: Medium REF: 36
OBJ: 02-01 TYPE: comprehension
NOT: AACSB: Ethical & Legal understanding | Management: Ethical Responsibilities | Dierdorff & Rubin: Managing the task environment
2. The external environment facing business stays relatively constant over time.
ANS: F PTS: 1 DIF: Easy REF: 34-35
OBJ: 02-01 TYPE: comprehension
NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment
3. Demographic, economic, political/legal, sociocultural, technological, global, and physical are the seven elements comprising the industry environment.
ANS: F PTS: 1 DIF: Hard REF: 38 (Table 2.1)
OBJ: 02-02 TYPE: knowledge
NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment
4. Firms can directly control the elements of the seven segments of the general environment.
ANS: F PTS: 1 DIF: Easy REF: 37
OBJ: 02-01 TYPE: comprehension
NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment
5. To successfully deal with today’s external environment and to achieve strategic competitiveness, firms must be aware and fully understand the different segments of that environment.
ANS: T PTS: 1 DIF: Easy REF: 36
OBJ: 02-01 TYPE: comprehension
NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment
6. The recent bankruptcy filings by General Motors and Chrysler Corporation illustrate that firms cannot directly control the general environment’s segments.
ANS: T PTS: 1 DIF: Medium REF: 37
OBJ:
TRUE/FALSE
1. The health-related concerns in the general environment facing Philip Morris International are part of the physical segment.
ANS: F PTS: 1 DIF: Medium REF: 36
OBJ: 02-01 TYPE: comprehension
NOT: AACSB: Ethical & Legal understanding | Management: Ethical Responsibilities | Dierdorff & Rubin: Managing the task environment
2. The external environment facing business stays relatively constant over time.
ANS: F PTS: 1 DIF: Easy REF: 34-35
OBJ: 02-01 TYPE: comprehension
NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment
3. Demographic, economic, political/legal, sociocultural, technological, global, and physical are the seven elements comprising the industry environment.
ANS: F PTS: 1 DIF: Hard REF: 38 (Table 2.1)
OBJ: 02-02 TYPE: knowledge
NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment
4. Firms can directly control the elements of the seven segments of the general environment.
ANS: F PTS: 1 DIF: Easy REF: 37
OBJ: 02-01 TYPE: comprehension
NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment
5. To successfully deal with today’s external environment and to achieve strategic competitiveness, firms must be aware and fully understand the different segments of that environment.
ANS: T PTS: 1 DIF: Easy REF: 36
OBJ: 02-01 TYPE: comprehension
NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment
6. The recent bankruptcy filings by General Motors and Chrysler Corporation illustrate that firms cannot directly control the general environment’s segments.
ANS: T PTS: 1 DIF: Medium REF: 37
OBJ: