External Environment Factors and Economic Inequality Quiz

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Questions and Answers

What is the importance of organizational culture?

  • It has no impact on the behavior of employees
  • It is not shared among the employees
  • It doesn't affect managerial decisions
  • It influences the way an organization's members act (correct)

What can strong cultures do within an organization?

  • Substitute for formal rules and regulations (correct)
  • Encourage unpredictability
  • Diminish orderliness
  • Create chaos and inconsistency

How are strong cultures defined?

  • Cultures with constantly changing values
  • Cultures with superficial values
  • Cultures where key values are deeply held and widely shared (correct)
  • Cultures without any traditions

What percentage of executives have not identified or communicated an organizational culture?

<p>10% (C)</p> Signup and view all the answers

How do company values affect managers' behavior?

<p>&quot;Ready-aim-fire&quot; approach in decision-making (B)</p> Signup and view all the answers

What aspect of organizational culture can create orderliness and consistency?

<p>Key deeply held and widely shared values (C)</p> Signup and view all the answers

What is the main focus of the external environment affecting managers?

<p>Managing stakeholder relationships (D)</p> Signup and view all the answers

How does the sharing economy concept impact the external environment?

<p>Allows asset owners to share physical assets for a fee (C)</p> Signup and view all the answers

Which generation is NOT mentioned as one of the age cohorts in the text?

<p>Gen A (D)</p> Signup and view all the answers

How do external environment factors affect organizations?

<p>They can influence an organization's performance (C)</p> Signup and view all the answers

In what state is U.S. employment according to the text?

<p>Upward trend (B)</p> Signup and view all the answers

What percentage of adults consider economic inequality as 'not a problem at all' based on the Harris Interactive Poll mentioned?

<p>10 percent (D)</p> Signup and view all the answers

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