International Societal Environments Quiz
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Questions and Answers

What is the focus of industry analysis?

  • Measuring a firm's commitment to sustainability
  • Monitoring trends in the societal and natural environments
  • Identifying external environmental variables
  • In-depth examination of key factors within a corporation’s task environment (correct)

    • Which element is NOT typically part of a corporation's task environment?

  • Government
  • Employees/labor unions
  • Competitors
  • Sustainability measures (correct)

    • What are the externalities described in the text related to the exploitation of natural resources?

  • Green energy solutions
  • Climate change (correct)
  • Clean air initiatives
  • Increased wildlife population

    • Which analysis involves monitoring sociocultural, technological, economic, ecological, and political–legal forces?

    <p>STEEP analysis</p> Signup and view all the answers

    Which of the following activities do MNCs typically conduct in other countries?

    <p>Marketing, financial, manufacturing, and other functional activities</p> Signup and view all the answers

    Which of the following is NOT a key factor in the international societal environment that MNCs must consider?

    <p>Availability of natural resources</p> Signup and view all the answers

    Which of the following is a key challenge posed by the global financial system for MNCs operating internationally?

    <p>Fluctuations in currency exchange rates</p> Signup and view all the answers

    What is the term used to describe the degree of complexity plus the degree of change in an organization's external environment?

    <p>Environmental uncertainty</p> Signup and view all the answers

    In the context of identifying external environmental variables, what does the natural environment include?

    <p>Physical resources, wildlife, and climate</p> Signup and view all the answers

    Which term refers to the monitoring, evaluation, and dissemination of information essential for organizational strategy development?

    <p>Environmental analysis</p> Signup and view all the answers

    Among the following, which is considered a societal environmental factor influencing organizations in the long term?

    <p>Economic stability</p> Signup and view all the answers

    What is the term used to describe humankind's social system that includes general forces impacting long-term organizational decisions?

    <p>Sociocultural environment</p> Signup and view all the answers

    Which of the following is NOT a key variable in the societal environment that organizations must consider?

    <p>Consumer purchasing patterns</p> Signup and view all the answers

    Which of these factors related to the foreign currency exchange market is most likely to impact an organization's operations?

    <p>Devaluation/revaluation</p> Signup and view all the answers

    Which of the following legal/ethical considerations is most likely to impact an organization's global strategy?

    <p>Wage/price controls</p> Signup and view all the answers

    Which of the following environmental factors is most likely to influence an organization's decision to pursue a global strategy?

    <p>Energy availability and cost</p> Signup and view all the answers

    The task environment includes only those elements or groups that directly affect a corporation, but are not affected by it.

    <p>False</p> Signup and view all the answers

    Industry analysis is an in-depth examination of key factors within a corporation's task environment.

    <p>True</p> Signup and view all the answers

    The natural environment includes only physical resources and wildlife, but not climate.

    <p>False</p> Signup and view all the answers

    Exploitation of natural resources has not resulted in any externalities or side effects such as pollution.

    <p>False</p> Signup and view all the answers

    Sustainability is not premised on the view that long-term survival of society depends on the responsible use of natural resources.

    <p>False</p> Signup and view all the answers

    A firm's carbon footprint is not a way to measure a firm's commitment to sustainability.

    <p>False</p> Signup and view all the answers

    STEEP analysis involves monitoring trends in the societal and natural environments, including sociocultural, technological, economic, ecological, and politicallegal forces.

    <p>True</p> Signup and view all the answers

    STEEP analysis is not a useful tool for organizations to consider when developing their strategies.

    <p>False</p> Signup and view all the answers

    The societal environment includes only sociocultural and political-legal forces, and does not include technological, economic, or ecological forces.

    <p>False</p> Signup and view all the answers

    The text does not provide any information about the importance of analyzing the societal environment for organizations.

    <p>False</p> Signup and view all the answers

    What does the Societal environment include, according to the text?

    <p>Sociocultural and political-legal forces</p> Signup and view all the answers

    In STEEP analysis, what key factors are monitored?

    <p>Technological and economic forces</p> Signup and view all the answers

    What does the Natural environment include based on the text?

    <p>Physical resources and wildlife</p> Signup and view all the answers

    What is one of the key environmental factors mentioned in the text influencing organizations' decision-making for global strategy?

    <p>Global marketplace opportunities</p> Signup and view all the answers

    Which of the following is NOT considered part of the natural environment according to the text?

    <p>Labor unions</p> Signup and view all the answers

    What does the term 'externalities' refer to in the context of exploiting natural resources?

    <p>The side effects such as pollution</p> Signup and view all the answers

    Which of the following is NOT a factor included in STEEP analysis?

    <p>Competitive</p> Signup and view all the answers

    What is the focus of industry analysis according to the text?

    <p>Examining key factors within a corporation's task environment</p> Signup and view all the answers

    Which of the following statements about sustainability is true according to the text?

    <p>Sustainability is premised on the view that long-term survival of society depends on the responsible use of resources</p> Signup and view all the answers

    What does the acronym STEEP stand for in the context of analyzing the societal environment?

    <p>Social, Technological, Economic, Environmental, Political</p> Signup and view all the answers

    Which of the following is NOT included in the natural environment as described in the text?

    <p>Consumer preferences</p> Signup and view all the answers

    What is a potential threat to Skechers USA due to changing consumer tastes?

    <p>Inability to adapt to new fashion trends in footwear</p> Signup and view all the answers

    What is the purpose of conducting an industry analysis as mentioned in the text?

    <p>To examine key factors within a corporation's task environment</p> Signup and view all the answers

    Which of the following is NOT considered a potential threat to Skechers USA according to the External Factor Analysis Summary (EFAS) table?

    <p>Lack of adherence to environmental regulations</p> Signup and view all the answers

    What is the primary focus of industry analysis?

    <p>An in-depth examination of key factors within a corporation's industry</p> Signup and view all the answers

    Which of the following is not included in the natural environment?

    <p>Sociocultural forces</p> Signup and view all the answers

    What does the acronym STEEP stand for in the context of environmental analysis?

    <p>Societal, Technological, Ecological, Economic, Political-legal</p> Signup and view all the answers

    Which of the following is not a key variable in the societal environment that organizations must consider?

    <p>Ecological forces</p> Signup and view all the answers

    Sustainability is premised on the view that long-term survival of society depends on the responsible use of ______ resources.

    <p>natural</p> Signup and view all the answers

    The primary focus of ______ analysis is an in-depth examination of key factors within a corporation's task environment.

    <p>industry</p> Signup and view all the answers

    What is the primary focus of industry analysis?

    <p>Examining key factors within a corporation's task environment</p> Signup and view all the answers

    Which of the following is not considered a key variable in the societal environment that organizations must consider, according to the text?

    <p>Organizational structure</p> Signup and view all the answers

    What is the purpose of conducting an industry analysis as mentioned in the text?

    <p>To examine key factors within a corporation's task environment</p> Signup and view all the answers

    Which of the following is not a key factor in the international societal environment that MNCs must consider, according to the text?

    <p>Organizational culture</p> Signup and view all the answers

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