BMGT 4930 EXAM 1 QUESTIONS WITH
CORRECT ANSWERS LATEST UPDATE
GRADED A+ LATEST UPDATE
general environment - CORRECT ANSWER>>>>includes overall trends
and events in society; any and everybody affected
industry environment - CORRECT ANSWER>>>>organizations that
collectively compete with one another by providing similar goods,
services, or both
open system - CORRECT ANSWER>>>>resources and information
coming in and out of the organization
opportunities - CORRECT ANSWER>>>>events and trends that create
chances to improve an organization's performance level; outside the
organization
threats - CORRECT ANSWER>>>>events and trends that may
undermine an organization's performance; outside the organization
PESTEL - CORRECT ANSWER>>>>used to analyze the general
environment and identify how these factors influence industries and
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, the companies within them political - CORRECT ANSWER>>>>role
of government in shaping business economic - CORRECT
ANSWER>>>>conditions within which organizations operate
social - CORRECT ANSWER>>>>demographics (population, age,
ethnic mix) and cultural trends (activism)
technological - CORRECT ANSWER>>>>improvements in
products/services provided by science
environmental - CORRECT ANSWER>>>>physical
conditions within which organizations operate legal -
CORRECT ANSWER>>>>how courts influence business
activity
scanning - CORRECT ANSWER>>>>identifying early signals of
environmental changes and trends
monitoring - CORRECT ANSWER>>>>detecting meaning through
ongoing observations of trends forecasting - CORRECT
ANSWER>>>>Developing projections of anticipated outcomes
assessing - CORRECT ANSWER>>>>determining importance/timing of
changes/trends for strategies
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CORRECT ANSWERS LATEST UPDATE
GRADED A+ LATEST UPDATE
general environment - CORRECT ANSWER>>>>includes overall trends
and events in society; any and everybody affected
industry environment - CORRECT ANSWER>>>>organizations that
collectively compete with one another by providing similar goods,
services, or both
open system - CORRECT ANSWER>>>>resources and information
coming in and out of the organization
opportunities - CORRECT ANSWER>>>>events and trends that create
chances to improve an organization's performance level; outside the
organization
threats - CORRECT ANSWER>>>>events and trends that may
undermine an organization's performance; outside the organization
PESTEL - CORRECT ANSWER>>>>used to analyze the general
environment and identify how these factors influence industries and
Page 1 of 10
, the companies within them political - CORRECT ANSWER>>>>role
of government in shaping business economic - CORRECT
ANSWER>>>>conditions within which organizations operate
social - CORRECT ANSWER>>>>demographics (population, age,
ethnic mix) and cultural trends (activism)
technological - CORRECT ANSWER>>>>improvements in
products/services provided by science
environmental - CORRECT ANSWER>>>>physical
conditions within which organizations operate legal -
CORRECT ANSWER>>>>how courts influence business
activity
scanning - CORRECT ANSWER>>>>identifying early signals of
environmental changes and trends
monitoring - CORRECT ANSWER>>>>detecting meaning through
ongoing observations of trends forecasting - CORRECT
ANSWER>>>>Developing projections of anticipated outcomes
assessing - CORRECT ANSWER>>>>determining importance/timing of
changes/trends for strategies
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