Strategic Management Concepts and Cases Competitiveness and Globalization 11th Edition – Test Bank
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Edition: 11th Edition
Format: Downloadable ZIP File
Resource Type: Test Bank
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Strategic Management Concepts and Cases Competitiveness and Globalization 11th Edition by Michael A. Hitt – Test Bank
True / False
1. The external environment facing business stays relatively constant over time. a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 40
LEARNING OBJECTIVES: STMA.HITT.15.02.01 – 02.01
NATIONAL STANDARDS: United States – BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Comprehension
2. Demographic, economic, political/legal, sociocultural, technological, global, and physical are the seven elements comprising the industry environment.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Hard
REFERENCES: 40 (Table 2.1)
LEARNING OBJECTIVES: STMA.HITT.15.02.02 – 02.02
NATIONAL STANDARDS: United States – BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Knowledge
3. Firms can directly control the elements of the seven segments of the general environment. a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 39
LEARNING OBJECTIVES: STMA.HITT.15.02.02 – 02.02
NATIONAL STANDARDS: United States – BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Comprehension
4. The recent bankruptcy filings by General Motors and Chrysler Corporation illustrate that firms cannot directly control the general environment’s segments.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 39
LEARNING OBJECTIVES: STMA.HITT.15.2-02 – 02.02
NATIONAL STANDARDS: United States – BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing the task environment | Bloom: Application
5. The industry environment directly influences the firm and its competitive actions and responses. a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 39
LEARNING OBJECTIVES: STMA.HITT.15.2-02 – 02.02
NATIONAL STANDARDS: United States – BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing decision-making processes | Bloom: Knowledge
6. Competitor analysis is focused on the factors and conditions influencing an industry’s profitability potential. a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Medium
REFERENCES: 39
LEARNING OBJECTIVES: STMA.HITT.15.2-02 – 02.02
NATIONAL STANDARDS: United States – BUSPROG: Analytic
NOTES: AACSB: Business Knowledge & Analytical Skills | Management: Environmental
Influence | Dierdorff & Rubin: Managing decision-making processes | Bloom:
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