50 Questions
What is the focus of industry analysis?
In-depth examination of key factors within a corporation’s task environment
Which element is NOT typically part of a corporation's task environment?
Sustainability measures
What are the externalities described in the text related to the exploitation of natural resources?
Climate change
Which analysis involves monitoring sociocultural, technological, economic, ecological, and political–legal forces?
STEEP analysis
Which of the following activities do MNCs typically conduct in other countries?
Marketing, financial, manufacturing, and other functional activities
Which of the following is NOT a key factor in the international societal environment that MNCs must consider?
Availability of natural resources
Which of the following is a key challenge posed by the global financial system for MNCs operating internationally?
Fluctuations in currency exchange rates
What is the term used to describe the degree of complexity plus the degree of change in an organization's external environment?
Environmental uncertainty
In the context of identifying external environmental variables, what does the natural environment include?
Physical resources, wildlife, and climate
Which term refers to the monitoring, evaluation, and dissemination of information essential for organizational strategy development?
Environmental analysis
Among the following, which is considered a societal environmental factor influencing organizations in the long term?
Economic stability
What is the term used to describe humankind's social system that includes general forces impacting long-term organizational decisions?
Sociocultural environment
Which of the following is NOT a key variable in the societal environment that organizations must consider?
Consumer purchasing patterns
Which of these factors related to the foreign currency exchange market is most likely to impact an organization's operations?
Devaluation/revaluation
Which of the following legal/ethical considerations is most likely to impact an organization's global strategy?
Wage/price controls
Which of the following environmental factors is most likely to influence an organization's decision to pursue a global strategy?
Energy availability and cost
The task environment includes only those elements or groups that directly affect a corporation, but are not affected by it.
False
Industry analysis is an in-depth examination of key factors within a corporation's task environment.
True
The natural environment includes only physical resources and wildlife, but not climate.
False
Exploitation of natural resources has not resulted in any externalities or side effects such as pollution.
False
Sustainability is not premised on the view that long-term survival of society depends on the responsible use of natural resources.
False
A firm's carbon footprint is not a way to measure a firm's commitment to sustainability.
False
STEEP analysis involves monitoring trends in the societal and natural environments, including sociocultural, technological, economic, ecological, and politicallegal forces.
True
STEEP analysis is not a useful tool for organizations to consider when developing their strategies.
False
The societal environment includes only sociocultural and political-legal forces, and does not include technological, economic, or ecological forces.
False
The text does not provide any information about the importance of analyzing the societal environment for organizations.
False
What does the Societal environment include, according to the text?
Sociocultural and political-legal forces
In STEEP analysis, what key factors are monitored?
Technological and economic forces
What does the Natural environment include based on the text?
Physical resources and wildlife
What is one of the key environmental factors mentioned in the text influencing organizations' decision-making for global strategy?
Global marketplace opportunities
Which of the following is NOT considered part of the natural environment according to the text?
Labor unions
What does the term 'externalities' refer to in the context of exploiting natural resources?
The side effects such as pollution
Which of the following is NOT a factor included in STEEP analysis?
Competitive
What is the focus of industry analysis according to the text?
Examining key factors within a corporation's task environment
Which of the following statements about sustainability is true according to the text?
Sustainability is premised on the view that long-term survival of society depends on the responsible use of resources
What does the acronym STEEP stand for in the context of analyzing the societal environment?
Social, Technological, Economic, Environmental, Political
Which of the following is NOT included in the natural environment as described in the text?
Consumer preferences
What is a potential threat to Skechers USA due to changing consumer tastes?
Inability to adapt to new fashion trends in footwear
What is the purpose of conducting an industry analysis as mentioned in the text?
To examine key factors within a corporation's task environment
Which of the following is NOT considered a potential threat to Skechers USA according to the External Factor Analysis Summary (EFAS) table?
Lack of adherence to environmental regulations
What is the primary focus of industry analysis?
An in-depth examination of key factors within a corporation's industry
Which of the following is not included in the natural environment?
Sociocultural forces
What does the acronym STEEP stand for in the context of environmental analysis?
Societal, Technological, Ecological, Economic, Political-legal
Which of the following is not a key variable in the societal environment that organizations must consider?
Ecological forces
Sustainability is premised on the view that long-term survival of society depends on the responsible use of ______ resources.
natural
The primary focus of ______ analysis is an in-depth examination of key factors within a corporation's task environment.
industry
What is the primary focus of industry analysis?
Examining key factors within a corporation's task environment
Which of the following is not considered a key variable in the societal environment that organizations must consider, according to the text?
Organizational structure
What is the purpose of conducting an industry analysis as mentioned in the text?
To examine key factors within a corporation's task environment
Which of the following is not a key factor in the international societal environment that MNCs must consider, according to the text?
Organizational culture
Test your knowledge on the variables in international societal environments, including sociocultural, technological, economic, ecological, and political-legal factors. Explore the unique societal environments that multinational corporations face when operating in different countries.
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