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Exam 3: The External Assessment

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Question 1

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To perform an external audit,a company first must

A) perform an internal audit.
B) get an approval from the Securities and Exchange Commission.
C) gather competitive intelligence and information about external trends.
D) hire a consultant to develop a comprehensive strategic plan.
E) all of these

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Question 2

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All Arab countries share a similar culture and have the same ethnic and religious beliefs.

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Question 3

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What is the first step in designing an EFE Matrix?

It is clear that different industries become domestic for different reasons.

Because companies are fearful of corporate espionage,cooperative agreements between competitors are becoming less popular.

Intensity of competition in lower- return industries.

If suppliers are unreliable or too costly,which of these strategies may be appropriate?

The aim of an external audit is to develop an exhaustive list of every possible factor that could influence the business.

Significant barriers to entry are not always sufficient to keep some new firms from entering industries with higher- quality products,lower prices and substantial marketing resources.

The international challenge faced by Arab corporations is twofold:

In practice,critical technology decisions are too often delegated to lower organizational levels or are made without an understanding of their strategic implications.

Which is an important sector of the economy for a number of Arab countries highly vulnerable to climate change?

Identifying and evaluating key social,political,economic,technological and competitive trends and events are the main components of

Which statement about business intelligence is least accurate?

In 2050,approximately a quarter of the populations are expected to be aged 60 years and older in five Arab countries.

To perform an external audit,a company first must gather competitive intelligence and information about social,cultural,demographic,environmental,economic,political,legal,governmental and technological trends.

The bargaining power of consumers can be the most important force impacting competitive advantage.

Discuss the following statement: "Planning would be impossible without assumptions."

Qualitative forecasts are most appropriate when historical data are available,and when the relationships among key variables are expected to remain the same in the future.

Five major categories of external variables are: 1)economic forces; 2)social and cultural forces; 3)political,governmental and legal forces; 4)technological forces; and 5)demographic forces.