Question 1

As the watch industry moved from mechanical to electronic watches, Timex didn't change its strategy and continued to build watches that relied on older technology. This is an illustration of technology's role in manufacturing.

Accepted Answer

Timex adapted to changes in the watch industry by incorporating new technologies, including electronic watches, demonstrating an understanding of technology's evolving role in manufacturing and product development.

Question 2

Cataphora is a company that combines the intelligence of human investigators with its own software to reconstruct the context that is vital to make sense of cryptic communication.

Accepted Answer

Cataphora is known for its software that aids in analyzing and reconstructing communication contexts, often used in investigations to interpret ambiguous or cryptic messages.

Question 3

Blue State Digital used global positioning in the 2000 presidential election to target key voters in states, block by block.

Accepted Answer

Blue State Digital was not involved in the 2000 presidential election; the firm was founded in 2004 and is known for its work with the 2008 and 2012 Obama presidential campaigns, among others.

Question 4

In the late 1990s, perhaps the single greatest change that technology made in the distribution of goods was the capability it provided for online ordering, distribution and sales via the Internet and the World Wide Web.

Accepted Answer

The late 1990s saw the rise of e-commerce platforms like Amazon and eBay, which revolutionized the retail industry by enabling online ordering, distribution, and sales, significantly changing how goods were distributed globally.

Question 5

According to the "Challenge of Managing" about the video game industry, the latest Entertainment Software Association survey shows that the average gamer is all of the following except:
A) 29 years old
B) has a full-time job
C) has children
D) spends more time playing games than watching television

Accepted Answer

The answer of According to the "Challenge of Managing" about...

Question 6

In 2005, nearly 60 percent of Sony's profits were from sales of hardware and its latest video game console, ______________.
A) GameCube
B) PlayStation2
C) Xbox
D) Revolution

Accepted Answer

In 2005, Sony's profits were significantly driven by the PlayStation2, which was a highly successful video game console at the time.

Question 7

The general environment is also referred to as .
A) the macroenvironment
B) the microenvironment
C) the macrosystem
D) an uncertainty

Accepted Answer

The general environment is often referred to as the macroenvironment, which includes broader forces that affect the organization and its task environment.

Question 8

__________ is(are) not included in the general environment.
A) The type of economic system
B) Economic conditions
C) The companies that supply inputs
D) The type of political system

Accepted Answer

The general environment includes broad external conditions like economic systems, economic conditions, and political systems, but not specific entities like companies that supply inputs, which are part of the task environment.

Question 9

The government, acting as a watchdog in the U.S. political system, provides direction in all of the following areas except __________.
A) defense
B) strategies used by organizations
C) environmental matters
D) antitrust

Accepted Answer

The government does not typically provide direction on the strategies used by organizations, as these are usually determined by the organizations themselves.

Question 10

The Internet is revolutionary because it has dramatically reduced the cost of communication and coordination in business and personal transactions. This is an illustration of __________________.
A) how firms are reaching out directly to customers
B) how firms are challenging traditional retailers
C) how firms are challenging their distributors
D) all of the above are correct

Accepted Answer

The Internet has enabled firms to reach customers directly, challenge traditional retailers by offering online alternatives, and bypass or challenge traditional distribution channels, making all the options correct.

Question 11

According to your text, which of the following is not an element of the old economy?
A) tangible products and physical assets
B) emphasis on value
C) unskilled labor
D) customers for a lifetime

Accepted Answer

The answer of According to your text, which of the...

Question 12

Several trends are currently affecting the U.S. and Canadian economies. Which of the following is not one of these trends?
A) A major emphasis on value
B) New markets are available
C) An emphasis on unskilled labor
D) Consumers desire more convenience

Accepted Answer

The emphasis on unskilled labor is not a current trend in the U.S. and Canadian economies. Instead, there is a growing demand for skilled labor due to technological advancements and the shift towards a knowledge-based economy.

Question 13

Wal-Mart provides Procter & Gamble (P&G) with daily information on what is selling in which stores. P&G, in return, restocks Wal-Mart's shelves as needed. Wal-Mart achieves greater sales and a reduction in inventory carrying costs. This is an illustration of ______________.
A) the limitations of geographic borders
B) the importance of information and the delivery of service
C) environmental stewardship
D) a joint venture between Wal-Mart and P&G

Accepted Answer

This scenario illustrates the importance of information and the delivery of service. By sharing sales data, Wal-Mart and P&G can optimize inventory levels and ensure products are available when customers want them, demonstrating effective supply chain collaboration.

Question 14

Andy Grove, CEO of Intel says, "Our assets leave on the elevator every night." He is referring to __________.
A) potential customers
B) human capital
C) diversity
D) environmental stewardship

Accepted Answer

Andy Grove's statement metaphorically highlights the importance of employees (human capital) to the company, emphasizing that their skills, knowledge, and abilities, which are crucial assets to the organization, go home at the end of each workday.

Question 15

The City of Calgary showed environmental awareness in its installation of low wattage streetlights, which was a result of __________.
A) legislation
B) the Sierra Club
C) hostile press exposure
D) pollution concerns

Accepted Answer

The installation of low wattage streetlights in Calgary was driven by concerns about pollution and the desire to reduce environmental impact.

Question 16

Actions that managers can take to respond to environmental concerns include all of the following except __________.
A) confront environmental groups
B) recognize that environmental regulations are here to stay
C) set measurable goals for environmental improvements
D) give a senior-level person well-defined environmental responsibilities

Accepted Answer

Confronting environmental groups is not typically a constructive action for managers to respond to environmental concerns. Instead, engaging in dialogue, collaboration, or partnership with these groups is more beneficial. Recognizing regulations, setting goals, and assigning responsibilities are proactive and positive steps towards addressing environmental concerns.

Question 17

The characteristics of a work group, organization, specific market, or national population is referred to as __________.
A) collectivism
B) individualism
C) demographics
D) culture

Accepted Answer

Demographics refer to the statistical characteristics of a population, such as age, race, gender, income, and education, which are used to identify and analyze groups within a population.

Question 18

There have been a number of demographic changes in the United States. For instance, by 2012 the percentage of women and people of color in the workforce is expected to _____.
A) increase greatly
B) increase slightly
C) stay the same
D) actually decline

Accepted Answer

The answer of There have been a number of demographic...

Question 19

__________ now have the right to refuse __________.
A) Hispanics and Asians, racial profiling
B) Gays, HIV testing
C) Older workers, mandatory retirement
D) White males, affirmative action

Accepted Answer

Older workers have the right to refuse mandatory retirement due to age discrimination laws, ensuring that employment decisions are not based on age.

Question 20

It has been estimated that by the end of this decade, more than ________ people will be part of the U.S. labor force.
A) 122 million
B) 137 million
C) 163 million
D) 173 million

Accepted Answer

The U.S. Bureau of Labor Statistics projects that by the end of this decade, the labor force will grow to approximately 163 million people.

Quiz 4: Assessing the Environment

As the watch industry moved from mechanical to electronic watches, Timex didn't change its strategy and continued to build watches that relied on older technology. This is an illustration of technology's role in manufacturing.

Cataphora is a company that combines the intelligence of human investigators with its own software to reconstruct the context that is vital to make sense of cryptic communication.

Blue State Digital used global positioning in the 2000 presidential election to target key voters in states, block by block.

In the late 1990s, perhaps the single greatest change that technology made in the distribution of goods was the capability it provided for online ordering, distribution and sales via the Internet and the World Wide Web.

According to the "Challenge of Managing" about the video game industry, the latest Entertainment Software Association survey shows that the average gamer is all of the following except:

In 2005, nearly 60 percent of Sony's profits were from sales of hardware and its latest video game console, ______________.

The general environment is also referred to as .

__________ is(are) not included in the general environment.

The government, acting as a watchdog in the U.S. political system, provides direction in all of the following areas except __________.

The Internet is revolutionary because it has dramatically reduced the cost of communication and coordination in business and personal transactions. This is an illustration of __________________.

According to your text, which of the following is not an element of the old economy?

Several trends are currently affecting the U.S. and Canadian economies. Which of the following is not one of these trends?

Wal-Mart provides Procter & Gamble (P&G) with daily information on what is selling in which stores. P&G, in return, restocks Wal-Mart's shelves as needed. Wal-Mart achieves greater sales and a reduction in inventory carrying costs. This is an illustration of ______________.

Andy Grove, CEO of Intel says, "Our assets leave on the elevator every night." He is referring to __________.

The City of Calgary showed environmental awareness in its installation of low wattage streetlights, which was a result of __________.

Actions that managers can take to respond to environmental concerns include all of the following except __________.

The characteristics of a work group, organization, specific market, or national population is referred to as __________.

There have been a number of demographic changes in the United States. For instance, by 2012 the percentage of women and people of color in the workforce is expected to _____.

now have the right to refuse .

It has been estimated that by the end of this decade, more than ________ people will be part of the U.S. labor force.