Mgmt 303 Midterm Exam - Latest

MGMT 303 Midterm Exam - Latest

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MGMT 303 Midterm Exam - Latest

Question 1.1. (TCO 1) One example of a firm studying its ____ is an annual assessment of the labor supply available to the company. (Points : 5)

organizational culture

internal environment

external environment

organizational mission

Question 2.2. (TCO 2) Various social networks have enabled people to stay in contact with each other. It also hurts relationships when too much information is shared. This reflects the _____ element of the general environment. (Points : 5)

economic

task

political/legal

sociocultural

technological

Question 3.3. (TCO 3) The United Nations says that companies should have core values that include all EXCEPT (Points : 5)

anti-corruption

concern for stockholders

human rights

labor standards

the environment

Question 4.4. (TCO 4) With whom is the United States involved in an agreement which creates a vast economic bloc? (Points : 5)

The African Union

The Latin American Integration Association

The Caribbean Common Market

Canada and Mexico

Pacific Asia

Question 5.5. (TCO 5) You have decided to become a small business owner. On your business plan, you state that the business will offer exceptional customer service while providing locally grown vegetables and fruits that are organically grown. What part of the business plan does this represent? (Points : 5)

A strategic goal

An operational plan

A mission statement

A strategic plan

A tactical plan

Question 6.6. (TCO 6) An organization or an entrepreneur can look for opportunities in different external areas according to Peter Drucker. When the opportunity is due to a change by altering the types and quantities of...