If the components of an organization's environment change frequently, the organization is operating in a ________ environment.
A) stable
B) simple
C) dynamic
D) complex
Question 2Which of the following describes a dynamic environment?
A) Sales vary with the seasons.
B) Production methods have changed gradually over the last 25 years.
C) Competitors move into and out of the industry frequently.
D) Product demand increases every year on a steady upward trend.
Question 3Assume the global economy rebounds rapidly from the Great Recession. What constraint is this likely to have on decisions managers make?
A) Qualified job candidates will become fewer and fewer.
B) Managers will be asked to eliminate positions to cut labor costs.
C) The hourly compensation average will have to fall; managers will be asked to offer less to job candidates.
D) Positions will be easier to fill as college graduates settle for lower paying jobs.
Question 4Which of the following, if true, represents a demographic change that will affect decisions future managers make?
A) The unemployment rate is likely to continue to fall.
B) The percentage of Hispanics in the candidate pool will increase.
C) More job candidates are likely to have tattoos and body piercings.
D) More jobs will be performed by robots.
Question 5If mortgage interest rates increase, this would be an example of changing ________ in a firm's external environment.
A) economic conditions
B) political conditions
C) sociocultural conditions
D) demographic conditions
Question 6Which of the following factors is an economic component of an organization's external environment?
A) The employees of the organization have, on average, 2.3 children.
B) The average customer of a firm has a high school education.
C) The firm's customers' disposable income falls in the range of 25,000-40,000.
D) Most of the firm's customers live in the Midwest.
Question 7Which of the following groups includes individuals who were born between the years 1978-1994?
A) the Gen X-ers
B) the Gen Y-ers
C) the Baby Boomers
D) Pre-Millenials
Question 8Which of the following factors is a demographic component of an organization's external environment?
A) lifestyles and behavior
B) political stability
C) geographic location
D) stock market fluctuations
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