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MGT 202 Ch.3 Questions with Correct Answers

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MGT 202 Ch.3 Questions with Correct Answers

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MGT 202

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MGT 202 Ch.3 Questions with Correct
Answers
____ groups try to influence specific issues, some of which may affect your organization.

special interest

The people or organizations that vie with your company for customers or resources are

known as:

competitors

Which of these are forces within an organization's general environment?

Demographic

Technological

International

Economic

Sociocultural

Political-Legal

Supplier are people or organizations that

provide raw materials, services, equipment, labor, or energy to other organizations.

_____ forces consist of conditions such as unemployment, inflation, interest rates, and

economic growth that may affect an organization's performance.

Economic

A distributor is sometimes referred to as a

middleperson

, Bio-Med Laboratories recently announced it had produced a new medication that

would mitigate arthritis symptoms. This new medication is an example of a ______

force.

Technological

Two do more organizations that join forces in order to achieve advantages that neither

can perform as well alone are known as:

strategic allies.

An organization's standards of right and wrong that influence employee behavior

ethics.

Which of these organizations s are considered special-interest groups?

People for the Ethical Treatment of Animals

Mothers against drunk driving

What are potential drawbacks to the utilitarian approach in the scenario where massive

layoff may be required?

It may decrease employee morale.

Experienced employees may leave.

The macroenvironment is also known as the _______ envirnment.

general

People who buy or sell stock illegal based on confidential company information are

engaging in _______.

insider trading

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