CBAD 301 Chapter 4 questions well
answered to pass
Trusty Tool Works has manufacturing plants in the United States and in Mexico. It is considered a
_______ organization. - correct answer ✔✔global
A(n) _______ environment refers to the set of forces and conditions in the world that operate beyond an
organization's boundaries but affect a manager's ability to acquire and utilize resources. - correct answer
✔✔global
Conditions that stem from suppliers, distributors, or customers that affect a company's ability to obtain
inputs or dispose of outputs are part of the _______ environment. - correct answer ✔✔task
The _______ environment has the most immediate and direct effect on managers and influences their
daily work lives. The _______ environment is a source of more encompassing forces that managers must
address in order to preserve organizational performance. - correct answer ✔✔task; general
In order to produce goods and services, companies need input resources, such as raw materials or
component parts. The individuals or organizations that provide these input resources are known as
_______. - correct answer ✔✔suppliers
An organization based in the United States also has operations in countries around the world. It is known
as a(n) _______ organization. - correct answer ✔✔global
Bill has discovered that it will be less expensive to have his machine parts assembled overseas, so he is
contracting with a company in China to handle this production task. This is an example of global
_______. - correct answer ✔✔outsourcing
Multicorp, a U.S. firm, has a manufacturing plant in Asia. Its overseas operation has to contend with
forces and conditions outside of the firm's control; this affects how Multicorp does business. Multicorp
operates in a(n) _______ environment. - correct answer ✔✔global
, A plumbing supply manufacturer located in Minnesota sells its products directly to customers in that
state. However, to help sell its products in other states, it uses companies called _______. - correct
answer ✔✔distributors
The _______ environment most immediately affects managers and contains the set of forces and
conditions that originate with global suppliers, distributors, customers, and competitors. These forces
and conditions affect an organization's ability to obtain inputs and dispose of its outputs. - correct
answer ✔✔task
Economic, political, and legal forces are external elements in the _______ environment; whereas,
industry competitors and distributors are elements of the _______ environment. - correct answer
✔✔general; task
A person or organization that provides the raw materials needed for a company to produce its products
is known as that company's _______. - correct answer ✔✔supplier
When you purchase something from a retail store in a mall, you are considered that store's _______. -
correct answer ✔✔customer
Because of the growth of global outsourcing, companies have been able to ______. - correct answer
✔✔reduce manufacturing costs
increase product quality
increase product reliability
Sometimes companies use other organizations to help them sell their products. These other
organizations are referred to as _______. - correct answer ✔✔distributers
You manufacture and sell men's work boots. There are three other companies that make work boots
similar to yours. These other companies are referred to as your _______. - correct answer
✔✔competitors
High levels of rivalry among existing competitors result in _______. - correct answer ✔✔price
competition
decreased profits
answered to pass
Trusty Tool Works has manufacturing plants in the United States and in Mexico. It is considered a
_______ organization. - correct answer ✔✔global
A(n) _______ environment refers to the set of forces and conditions in the world that operate beyond an
organization's boundaries but affect a manager's ability to acquire and utilize resources. - correct answer
✔✔global
Conditions that stem from suppliers, distributors, or customers that affect a company's ability to obtain
inputs or dispose of outputs are part of the _______ environment. - correct answer ✔✔task
The _______ environment has the most immediate and direct effect on managers and influences their
daily work lives. The _______ environment is a source of more encompassing forces that managers must
address in order to preserve organizational performance. - correct answer ✔✔task; general
In order to produce goods and services, companies need input resources, such as raw materials or
component parts. The individuals or organizations that provide these input resources are known as
_______. - correct answer ✔✔suppliers
An organization based in the United States also has operations in countries around the world. It is known
as a(n) _______ organization. - correct answer ✔✔global
Bill has discovered that it will be less expensive to have his machine parts assembled overseas, so he is
contracting with a company in China to handle this production task. This is an example of global
_______. - correct answer ✔✔outsourcing
Multicorp, a U.S. firm, has a manufacturing plant in Asia. Its overseas operation has to contend with
forces and conditions outside of the firm's control; this affects how Multicorp does business. Multicorp
operates in a(n) _______ environment. - correct answer ✔✔global
, A plumbing supply manufacturer located in Minnesota sells its products directly to customers in that
state. However, to help sell its products in other states, it uses companies called _______. - correct
answer ✔✔distributors
The _______ environment most immediately affects managers and contains the set of forces and
conditions that originate with global suppliers, distributors, customers, and competitors. These forces
and conditions affect an organization's ability to obtain inputs and dispose of its outputs. - correct
answer ✔✔task
Economic, political, and legal forces are external elements in the _______ environment; whereas,
industry competitors and distributors are elements of the _______ environment. - correct answer
✔✔general; task
A person or organization that provides the raw materials needed for a company to produce its products
is known as that company's _______. - correct answer ✔✔supplier
When you purchase something from a retail store in a mall, you are considered that store's _______. -
correct answer ✔✔customer
Because of the growth of global outsourcing, companies have been able to ______. - correct answer
✔✔reduce manufacturing costs
increase product quality
increase product reliability
Sometimes companies use other organizations to help them sell their products. These other
organizations are referred to as _______. - correct answer ✔✔distributers
You manufacture and sell men's work boots. There are three other companies that make work boots
similar to yours. These other companies are referred to as your _______. - correct answer
✔✔competitors
High levels of rivalry among existing competitors result in _______. - correct answer ✔✔price
competition
decreased profits
