MGMT 303 Midterm Exam - Latest
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MGMT 303 Midterm Exam - Latest
Question 1.1. (TCO 1) One example of a firm studying its ____ is an annual assessment of the labor supply available to the company. (Points : 5)
organizational culture
internal environment
external environment
organizational mission
Question 2.2. (TCO 2) Various social networks have enabled people to stay in contact with each other. It also hurts relationships when too much information is shared. This reflects the _____ element of the general environment. (Points : 5)
economic
task
political/legal
sociocultural
technological
Question 3.3. (TCO 3) The United Nations says that companies should have core values that include all EXCEPT (Points : 5)
anti-corruption
concern for stockholders
human rights
labor standards
the environment
Question 4.4. (TCO 4) With whom is the United States involved in an agreement which creates a vast economic bloc? (Points : 5)
The African Union
The Latin American Integration Association
The Caribbean Common Market
Canada and Mexico
Pacific Asia
Question 5.5. (TCO 5) You have decided to become a small business owner. On your business plan, you state that the business will offer exceptional customer service while providing locally grown vegetables and fruits that are organically grown. What part of the business plan does this represent? (Points : 5)
A strategic goal
An operational plan
A mission statement
A strategic plan
A tactical plan
Question 6.6. (TCO 6) An organization or an entrepreneur can look for opportunities in different external areas according to Peter Drucker. When the opportunity is due to a change by altering...