Sarah Elise Alverson MANGMT 3000 Principles of Management Previously Submitted Lesson Review Lesson Submitted on 11 05 2014 Lesson Number 6 Remember to print a copy of this preview and mark your answers before submitting the actual progress evaluation 10 questions 2 points each 20 points total Multiple choice Choose the one best answer 1 Interest rates inflation the federal deficit and unemployment levels are all elements in which aspect of the macroenvironment A the social environment B the international environment C the regulatory environment D the economy E demographics 2 The growing movement of companies introducing more supportive human resource policies is reflective of the aspect of the macroenvironment A natural environment B demographic C economic D international E technology 3 The competitive environment consists of A the specific organizations with which the firm directly interacts on a competitive basis B the organizations that the firm relies upon to provide supplies and materials C the individuals who work at the firm and complete the firm s activities D the organizations that hold the firm accountable to their stakeholders E those broader influences that affect a firm s competitive advantage 4 Environmental uncertainty results from A complexity B simplicity C dynamism D cooperation E Both A and C are correct 5 The set of important assumptions about the organization and its goals and practices that members of the company share is called A organization culture B organization norms C industrial environment D regulatory forces E None of the above is correct 6 The entry of many long distance companies into the long distance telephone service industry was only possible after the court system broke up the monopoly previously held by AT T This is an example of A enhancing barriers to entry B eliminating trade protectionism C unfair competition D enhancing trade protectionism E reducing barriers to entry 7 refers to identifying the best in class performance by a company in your area and then comparing your processes to theirs A Scenarios B Forecasting C Benchmarking D Cooptation E Coalition 8 The two types of proactive responses for influencing an organization s environment include the use of A dependent strategies and independent strategies B independent strategies and cooperative strategies C cooperative strategies and strategic maneuvering D strategic maneuvering and dependent strategies E None of the above is correct 9 Organizations must acquire a variety of resources in order to produce a product or service of value These resources may include materials equipment financing or even employees The sources that provide these various resources are referred to as A resource firms B placement centers C wholesalers D suppliers E None of the above is correct 10 When employees at Nordstrom receive the employee handbook shown on page 76 of the textbook they can tell a great deal about their company s A organizational goals B business practices C organization culture D A and B are correct E A B and C are correct