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 products and services desired and cutomers' buying power,...