vHitt,-Ireland,-Hoskisson
Truev/vFalse
1. Thevexternalvenvironmentvfacingvbusinessvstaysvrelativelyvconstantvovervtime.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 40
LEARNINGvOBJECTIVES:vSTMA.HITT.15.02.01v -v02.01
NATIONALvSTANDARDS:v UnitedvStatesv-vBUSPROG:vAnalytic
NOTES:
AACSB:vBusinessvKnowledgev&vAnalyticalvSkillsv|vManagement:vEnvironmenta
lvInfluencev|vDierdorffv&vRubin:vManagingvthevtaskvenvironmentv|vBloom:vCompr
ehension
2. Demographic,veconomic,vpolitical/legal,vsociocultural,vtechnological,vglobal,vandvphysicalvarevthevsevenvelementsv
comprisingvthevindustryvenvironment.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Hard
REFERENCES: 40v(Tablev2.1)
LEARNINGvOBJECTIVES:vSTMA.HITT.15.02.02v -v02.02
NATIONALvSTANDARDS:v UnitedvStatesv-vBUSPROG:vAnalytic
NOTES:
AACSB:vBusinessvKnowledgev&vAnalyticalvSkillsv|vManagement:vEnvironmentalv
Influencev|vDierdorffv&vRubin:vManagingvthevtaskvenvironmentv|vBloom:vKnowledge
3. Firmsvcanvdirectlyvcontrolvthevelementsvofvthevsevenvsegmentsvofvthevgeneralvenvironment.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 39
LEARNINGvOBJECTIVES:vSTMA.HITT.15.02.02v -v02.02
NATIONALvSTANDARDS:v UnitedvStatesv-vBUSPROG:vAnalytic
NOTES:
AACSB:vBusinessvKnowledgev&vAnalyticalvSkillsv|vManagement:vEnvironmenta
lvInfluencev|vDierdorffv&vRubin:vManagingvthevtaskvenvironmentv|vBloom:
4. ThevrecentvbankruptcyvfilingsvbyvGeneralvMotorsvandvChryslervCorporationvillustratevthatvfirmsvcannotvdirectlyv
controlvthevgeneralvenvironment'svsegments.
a. True
b. False
,ANSWER: True
, POINTS: 1
DIFFICULTY: Medium
REFERENCES: 39
LEARNINGvOBJECTIVES:vSTMA.HITT.15.2-02v -v02.02
NATIONALvSTANDARDS:v UnitedvStatesv-vBUSPROG:vAnalytic
NOTES:
AACSB:vBusinessvKnowledgev&vAnalyticalvSkillsv|vManagement:vEnvironmentalv
Influencev|vDierdorffv&vRubin:vManagingvthevtaskvenvironmentv|vBloom:vApplication
5. Thevindustryvenvironmentvdirectlyvinfluencesvthevfirmvandvitsvcompetitivevactionsvandvresponses.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 39
LEARNINGvOBJECTIVES:vSTMA.HITT.15.2-02v -v02.02
NATIONALvSTANDARDS:v UnitedvStatesv-vBUSPROG:vAnalytic
NOTES:
AACSB:vBusinessvKnowledgev&vAnalyticalvSkillsv|vManagement:vEnvironmenta
lvInfluencev|vDierdorffv&vRubin:vManagingvdecision-
makingvprocessesv|vBloom:vKnowledge
6. Competitorvanalysisvisvfocusedvonvthevfactorsvandvconditionsvinfluencingvanvindustry'svprofitabilityvpotential.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 39
LEARNINGvOBJECTIVES:vSTMA.HITT.15.2-02v -v02.02
NATIONALvSTANDARDS:v UnitedvStatesv-vBUSPROG:vAnalytic
NOTES:
AACSB:vBusinessvKnowledgev&vAnalyticalvSkillsv|vManagement:vEnvironmenta
lvInfluencev|vDierdorffv&vRubin:vManagingvdecision-
makingvprocessesv|vBloom:vComprehension
, Fullvfilevatvhttp://testbankscafe.eu/Test-Bank-for-Strategic-Management-Concepts-and-Cases-Competitiveness-and-Globalization-11th-Edition-
vHitt,-Ireland,-Hoskisson
7. Whenvfirmsvanalyzevthevexternalvenvironment,vtheyvtypicallyvhavevcompletevandvunambiguousvdata.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 40
LEARNINGvOBJECTIVES:vSTMA.HITT.15.02.02v -v02.02
NATIONALvSTANDARDS:v UnitedvStatesv-vBUSPROG:vAnalytic
NOTES:
AACSB:vBusinessvKnowledgev&vAnalyticalvSkillsv|vManagement:vEnvironmenta
lvInfluencev|vDierdorffv&vRubin:vManagingvdecision-
makingvprocessesv|vBloom:vComprehension
8. Monitoringvinvolvesvthevdevelopmentvofvavforecastvofvwhatvmightvhappenvatvavfuturevpointvinvtime.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 42
LEARNINGvOBJECTIVES:vSTMA.HITT.15.02.03v -v02.03
NATIONALvSTANDARDS:v UnitedvStatesv-vBUSPROG:vAnalytic
NOTES:
AACSB:vBusinessvKnowledgev&vAnalyticalvSkillsv|vManagement:vStrategyv|vDierdorf
fv&vRubin:vManagingvdecision-makingvprocessesv|vBloom:vKnowledge
9. Scanningvinvolvesvdetectingvmeaningvthroughvearlyvsignalsvofvenvironmentalvtrends.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 41–42
LEARNINGvOBJECTIVES:vSTMA.HITT.13.Knowledgev -vApplication
NATIONALvSTANDARDS:v UnitedvStatesv-vBUSPROG:vAnalytic
NOTES:
AACSB:vBusinessvKnowledgev&vAnalyticalvSkillsv|vManagement:vEnvironmenta
lvInfluencev|vDierdorffv&vRubin:vManagingvdecision-
makingvprocessesv|vBloom:vKnowledge