Test-Bank-for-Management-Leading-and-Collaborating-in-a-Competitive-World-10th-Edition-Bateman

1. Organizations are open systems that affect and are affected by their external environments. True False 2. The external environment includes all relevant forces outside the organization's boundaries. True False 3. Strategy is an example of an input to an organization. True False 4. A firm's competitive environment includes new entrants, as well as substitutes and complements. True False 5. An organization's macroenvironment includes its customers and suppliers. True False 6. When investors bid up stock prices, companies have less capital to fuel their strategies. True False Full file at 7. While the stock market can impact a firm, it has no effect on the behavior of individual managers. True False 8. Firms that develop strategies that do not include technological advances will realize obsolescence and extinction. True False 9. U.S. government policies both impose strategic constraints and provide opportunities for organizations. True False 10 . Regulatory agencies set rules but are typically weak institutions since they do not have the power to investigate company practices or to take legal action to ensure compliance with the law. True False 11 . Social metrics are measures of various characteristics of the people who make up groups or other social units. True False 12 . The fastest-growing age group in the U.S. civilian labor force is the group between 30 and 40 years old. True False 13 . Despite government crackdowns, immigration is one reason why the labor force will be more ethnically diverse in the future than it is today. True False 14 . The percentage of women participating in the U.S. workforce has increased sharply since 1999. True False Full file at 15 . A more diverse workforce presents managers with challenges as well as opportunities. True False 16 . Family leave, flexible working hours, and child care assistance have been introduced as a direct result of the growing ethnic diversity in the workplace. True False 17 . Porter's model for competitive analysis is one example of analyzing the competitive environment for adapting to and even influencing the nature of competition. True False 18 . Red Bull, an energy drink, is a competitor to Pepsi. True False 19 . The first question in understanding competitive environments from Porter's model is "How strong is the competition?" True False 20 . A barrier to entry is a condition that prevents customers from using a firm's products or services. True False