Question 1

Factors such as the growth or decline in GDP and changes in exchange rates are classified as

Accepted Answer

A)  international forces.
B)  economic forces.
C)  social forces.
D)  None of the above.

Question 2

A recession occurs when GDP declines for

Accepted Answer

A)  one quarter.
B)  two consecutive quarters.
C)  three consecutive quarters.
D)  four consecutive quarters.

Question 3

Identify three major social forces that affect a number of industries in the U.S.Discuss these effects in detail.

Accepted Answer

a.Answers will vary,but could include he...

Question 4

External environmental analysis includes an examination of industry forces.

Accepted Answer

A) True 
 B)False

Question 5

Identify and discuss the four categories of macroenvironmental forces.

Accepted Answer

a.Political-legal forces include such fa...

Question 6

A recession has negative implications for all industries.

Accepted Answer

A) True 
 B)False

Question 7

High inflation rates

Accepted Answer

A)  hurt all industries,but some more than others.
B)  hurt all industries equally.
C)  may actually help some industries.
D)  None of the above.

Question 8

When the U.S.dollar is weak,

Accepted Answer

A)  U.S.manufacturers tend to make more purchases from foreign sources.
B)  U.S.manufacturers tend to limit purchases from foreign sources.
C)  U.S.manufacturers are more likely to open plants abroad.
D)  None of the above

Question 9

The U.S.regulation that forbids contracts which tie the sale of one product to the sale of another is known as the

Accepted Answer

A)  Clayton Act.
B)  Sherman Act.
C)  Mangnuson-Moss Act.
D)  Webb-Pomerene Act.

Question 10

The U.S.regulation that requires accuracy in product warranties is known as the

Accepted Answer

A)  Clayton Act.
B)  Sherman Act.
C)  Mangnuson-Moss Act.
D)  Webb-Pomerene Act.

Question 11

The U.S.regulation that prohibits monopolistic activity is known as the

Accepted Answer

A)  Clayton Act.
B)  Sherman Act.
C)  Mangnuson-Moss Act.
D)  CAN-SPAM Act.

Question 12

High inflation has negative implications for all industries.

Accepted Answer

A) True 
 B)False

Question 13

Since the 1990s,the Chinese economy has

Accepted Answer

A)  become more regulated.
B)  adopted a more free market approach.
C)  has remained stagnant.
D)  None of the above.

Question 14

A nation's economy is considered to be in a recession when

Accepted Answer

A)  The number of unemployed workers does not decline for three consecutive quarters.
B)  the Chairman of the Federal Reserve makes the distinction.
C)  GDP declines for two consecutive quarters.
D)  All of the above

Question 15

Economic forces include such factors as the outcomes of elections,legislation,and judicial court decisions,as well as the decisions rendered by various commissions and agencies at every level of government.

Accepted Answer

A) True 
 B)False

Question 16

At the global level,the period from World War II to the late 1980s was marked by increased trade protectionism.

Accepted Answer

A) True 
 B)False

Question 17

Leaders in an industry always prefer less government regulation.

Accepted Answer

A) True 
 B)False

Question 18

Macroenvironmental forces are assessed in terms of their direct effects on a particular firm.

Accepted Answer

A) True 
 B)False

Question 19

Macroenvironmental analysis considers effects of forces on

Accepted Answer

A)  a single firm.
B)  industry leaders.
C)  an entire industry.
D)  None of the above.

Question 20

External environmental analysis should first occur from the perspective of the organization.

Accepted Answer

A) True 
 B)False

Exam 3: External Environment: Political Economic Forces

Factors such as the growth or decline in GDP and changes in exchange rates are classified as

Correct AnswerverifiedShow Answer

Economic forces include such factors as the outcomes of elections,legislation,and judicial court decisions,as well as the decisions rendered by various commissions and agencies at every level of government.

Correct AnswerverifiedShow Answer

A recession has negative implications for all industries.

Correct AnswerverifiedShow Answer

Leaders in an industry always prefer less government regulation.

Correct AnswerverifiedShow Answer

Macroenvironmental forces are assessed in terms of their direct effects on a particular firm.

Correct AnswerverifiedShow Answer

The U.S.regulation that prohibits monopolistic activity is known as the

Correct AnswerverifiedShow Answer

At the global level,the period from World War II to the late 1980s was marked by increased trade protectionism.

Correct AnswerverifiedShow Answer

The U.S.regulation that forbids contracts which tie the sale of one product to the sale of another is known as the

Correct AnswerverifiedShow Answer

When the U.S.dollar is weak,

Correct AnswerverifiedShow Answer

Identify three major social forces that affect a number of industries in the U.S.Discuss these effects in detail.

Correct Answerverifieda.Answers will vary,but could include he...View AnswerShow Answer

High inflation has negative implications for all industries.

Correct AnswerverifiedShow Answer

External environmental analysis includes an examination of industry forces.

Correct AnswerverifiedShow Answer

The U.S.regulation that requires accuracy in product warranties is known as the

Correct AnswerverifiedShow Answer

High inflation rates

Correct AnswerverifiedShow Answer

External environmental analysis should first occur from the perspective of the organization.

Correct AnswerverifiedShow Answer

Identify and discuss the four categories of macroenvironmental forces.

Correct Answerverifieda.Political-legal forces include such fa...View AnswerShow Answer

Since the 1990s,the Chinese economy has

Correct AnswerverifiedShow Answer

A recession occurs when GDP declines for

Correct AnswerverifiedShow Answer

A nation's economy is considered to be in a recession when

Correct AnswerverifiedShow Answer

Macroenvironmental analysis considers effects of forces on

Correct AnswerverifiedShow Answer

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a.Answers will vary,but could include he...
View Answer

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a.Political-legal forces include such fa...
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