MGMT 310 Exam 1 – Management Studies – Academic Year 2026 –
Practice Questions and Review
They are affected by and in turn affect their external environments - correct answer ✔✔ Why
are organizations referred to as open systems?
Intermediate - correct answer ✔✔ Gerard's company buys appliances from manufacturers and
sells them to retailers. What type of consumer is Gerard's company?
Competitive intelligence - correct answer ✔✔ A new director of marketing was hired to manage
a food service company. He had previously been in the auto parts industry, so he had a lot of
questions, like: Who are our current competitors? How dependent are we on our suppliers?
Who are our biggest customers and are we too dependent on them? These questions helped
the director develop?
Dynamism - correct answer ✔✔ Technology companies must stay on top of consumer demands
for the latest features in their products. This introduces environmental uncertainty due to?
Forecasting - correct answer ✔✔ Natalie's company is in a high growth industry, so her CEO
asked her to research friends in the industry to predict what will happen in the next 5 years. She
warned him that this information may not be accurate due to rapid changes in the market. This
is called.
It is an independent response to exploit a distinctive competence for competitive advantage. -
correct answer ✔✔ Why i1s111111111 competitive aggression, such as Tesla's drive to become
the safest car factory in the world, considered to be an independent strategy to influence the
organizations environment?
Cooperative strategies - correct answer ✔✔ _________ are used by two or more organizations
working together to influence the external environment.
, Contracts - correct answer ✔✔ _________ are agreements between an organization and
another group to exchange goods, services, information, and patents.
public relations - correct answer ✔✔ Which term is an independent strategy of an organization
to establish and maintain favorable images in the minds of people in the environment?
Buffering - correct answer ✔✔ Margerie was worried they would not have enough inventory to
get through the busy season. Her manager suggested she use _______ to make sure she has
enough product to meet u unpredictable needs.
Adhocracy - correct answer ✔✔ Which organizational culture emphasizes growth, change, and
innovation.1
Mentors and facilitators - correct answer ✔✔ which leadership style is associated with a clan
culture?
Low customer bargaining power - correct answer ✔✔ "After we got fantastic media coverage
for designing the downtown stadium, developers from around the country have been calling for
our services,'' said Melissa Murphy, VP of marketing for Sports architecture. "Well then we can
afford to be choosy," said Rashid Patel, CEO. ''Lets only consider projects that reflect our
creative urges and our mission statement, and that we are well-funded.'' Sports architecture is
in an attractive environment due to?
Favorable government policy - correct answer ✔✔ Which factor makes an environment
attractive for new entrants?
Market Culture - correct answer ✔✔ "As a fortune 500 firm and a well-established top-tier, we
operate in a challenging global environment. As a result , our culture is very externally oriented
and focused on control. Our primary objectives are productivity planning and efficiency." said
Lana Hopper, chief operating officer. This is an example of a(n).
Practice Questions and Review
They are affected by and in turn affect their external environments - correct answer ✔✔ Why
are organizations referred to as open systems?
Intermediate - correct answer ✔✔ Gerard's company buys appliances from manufacturers and
sells them to retailers. What type of consumer is Gerard's company?
Competitive intelligence - correct answer ✔✔ A new director of marketing was hired to manage
a food service company. He had previously been in the auto parts industry, so he had a lot of
questions, like: Who are our current competitors? How dependent are we on our suppliers?
Who are our biggest customers and are we too dependent on them? These questions helped
the director develop?
Dynamism - correct answer ✔✔ Technology companies must stay on top of consumer demands
for the latest features in their products. This introduces environmental uncertainty due to?
Forecasting - correct answer ✔✔ Natalie's company is in a high growth industry, so her CEO
asked her to research friends in the industry to predict what will happen in the next 5 years. She
warned him that this information may not be accurate due to rapid changes in the market. This
is called.
It is an independent response to exploit a distinctive competence for competitive advantage. -
correct answer ✔✔ Why i1s111111111 competitive aggression, such as Tesla's drive to become
the safest car factory in the world, considered to be an independent strategy to influence the
organizations environment?
Cooperative strategies - correct answer ✔✔ _________ are used by two or more organizations
working together to influence the external environment.
, Contracts - correct answer ✔✔ _________ are agreements between an organization and
another group to exchange goods, services, information, and patents.
public relations - correct answer ✔✔ Which term is an independent strategy of an organization
to establish and maintain favorable images in the minds of people in the environment?
Buffering - correct answer ✔✔ Margerie was worried they would not have enough inventory to
get through the busy season. Her manager suggested she use _______ to make sure she has
enough product to meet u unpredictable needs.
Adhocracy - correct answer ✔✔ Which organizational culture emphasizes growth, change, and
innovation.1
Mentors and facilitators - correct answer ✔✔ which leadership style is associated with a clan
culture?
Low customer bargaining power - correct answer ✔✔ "After we got fantastic media coverage
for designing the downtown stadium, developers from around the country have been calling for
our services,'' said Melissa Murphy, VP of marketing for Sports architecture. "Well then we can
afford to be choosy," said Rashid Patel, CEO. ''Lets only consider projects that reflect our
creative urges and our mission statement, and that we are well-funded.'' Sports architecture is
in an attractive environment due to?
Favorable government policy - correct answer ✔✔ Which factor makes an environment
attractive for new entrants?
Market Culture - correct answer ✔✔ "As a fortune 500 firm and a well-established top-tier, we
operate in a challenging global environment. As a result , our culture is very externally oriented
and focused on control. Our primary objectives are productivity planning and efficiency." said
Lana Hopper, chief operating officer. This is an example of a(n).
