MGMT 3310 Exam 1 SHSU || Questions and Answers.
External Environment correct answers Those factors and forces outside the organization that
affect its performance
Environmental Uncertainty correct answers The degree of change and complexity in an
organization's environment
Environmental Complexity correct answers The number of components in an organization's
environment and the extent of the organization's knowledge about those components
Socialization correct answers The process that helps employees adapt to the organization's
culture
Organizational Culture correct answers The shared values, principles, traditions, and ways of
doing things that influence the way organizational members act and that distinguish the
organization from other organizations.
Strong cultures correct answers Organizational cultures in which the key values are intensely
held and widely shared.
Competing Values Framework correct answers A very robust model for analysis of
organizational performance built on competing values of Integration (Flexible-Stable) and
Differentiation (External - Internal focus)
Parochialism correct answers Viewing the world solely through your own perspectives, leading
to an inability to recognize differences between people
Ethnocentric Attitude correct answers The parochialstic belief that the best work approaches and
practices are those of the home country
, Polycentric Attitude correct answers The view that the managers in the host country know the
best work approaches and practices for running their business
Geocentric Attitude correct answers A world-oriented view that focuses on using the best
approaches and people from around the globe
World Trade Organization (WTO) correct answers A global organization of 153 countries that
deals with the rule of trade among nations
International Monetary Fund (IMF) correct answers An organization of 185 countries that
promotes international monetary cooperation and provides advice, loans, and technical assistance
Multinational Corporation (MNC) correct answers A broad term that refers to any and all types
of international companies that maintain operations in multiple countries
Multidomestic Corporation correct answers An MNC that decentralizes management and other
decisions to the local country
Exporting correct answers Making products domestically and selling them abroad
Importing correct answers Acquiring products made abroad and selling them domestically
Licensing correct answers An organization gives another organization the right to make or sell its
product using its technology or product specifications
Franchising correct answers An organization gives another organization the right to use its name
or operating methods
External Environment correct answers Those factors and forces outside the organization that
affect its performance
Environmental Uncertainty correct answers The degree of change and complexity in an
organization's environment
Environmental Complexity correct answers The number of components in an organization's
environment and the extent of the organization's knowledge about those components
Socialization correct answers The process that helps employees adapt to the organization's
culture
Organizational Culture correct answers The shared values, principles, traditions, and ways of
doing things that influence the way organizational members act and that distinguish the
organization from other organizations.
Strong cultures correct answers Organizational cultures in which the key values are intensely
held and widely shared.
Competing Values Framework correct answers A very robust model for analysis of
organizational performance built on competing values of Integration (Flexible-Stable) and
Differentiation (External - Internal focus)
Parochialism correct answers Viewing the world solely through your own perspectives, leading
to an inability to recognize differences between people
Ethnocentric Attitude correct answers The parochialstic belief that the best work approaches and
practices are those of the home country
, Polycentric Attitude correct answers The view that the managers in the host country know the
best work approaches and practices for running their business
Geocentric Attitude correct answers A world-oriented view that focuses on using the best
approaches and people from around the globe
World Trade Organization (WTO) correct answers A global organization of 153 countries that
deals with the rule of trade among nations
International Monetary Fund (IMF) correct answers An organization of 185 countries that
promotes international monetary cooperation and provides advice, loans, and technical assistance
Multinational Corporation (MNC) correct answers A broad term that refers to any and all types
of international companies that maintain operations in multiple countries
Multidomestic Corporation correct answers An MNC that decentralizes management and other
decisions to the local country
Exporting correct answers Making products domestically and selling them abroad
Importing correct answers Acquiring products made abroad and selling them domestically
Licensing correct answers An organization gives another organization the right to make or sell its
product using its technology or product specifications
Franchising correct answers An organization gives another organization the right to use its name
or operating methods
