Management Environment Quiz

What is the external environment?

• Factors, forces, situations, and events inside the organization

• Factors, forces, situations, and events outside the organization

• Factors, forces, situations, and events affecting managers

• Factors, forces, situations, and events related to organizational culture

What is organizational culture?

• The economic status of an organization

• The demographic composition of an organization

• Shared values, principles, traditions, and ways of doing things that influence the way an organization's members act

• A set of rules and regulations within an organization

How does the external environment affect managers?

• By influencing organizational culture

• By creating job opportunities

• By affecting environmental uncertainty and stakeholder relationships

• By determining the economic inequality within the organization

What is the economy like today?

• U.S. employment is down

• Global productivity is high

• Global productivity is still slow

• Global trade is booming

What is the sharing economy?

• A system where employees share their salaries with each other

• A system where organizations share their profits with stakeholders

• A system where asset owners share their underutilized assets or knowledge for a fee

• A system where organizations share resources with each other

What are the age cohorts mentioned in the text?

• Baby Boomers, Gen Y, Gen Z, Gen X

• Gen X, Gen Y, Gen Z, Gen A

• Baby Boomers, Gen X, Gen Y, Gen Z

• Baby Boomers, Gen X, Gen Y, Gen A

What do strong cultures do within an organization?

• Promote inconsistency

• Encourage individualism

• Substitute for formal rules and regulations

• Create chaos and unpredictability

How does culture affect what managers do?

• It creates a barrier between managers and employees

• It only affects employees, not managers

• It influences managerial behavior and decision-making

• It has no impact on managerial decisions

What is the impact of organizational culture on employees?

• It promotes orderliness and consistency

• It leads to high turnover rates

• It creates chaos and confusion

• It has no impact on employees

What is the role of stakeholders in an organization?

• They have no influence on the organization

• They are the decision-makers in the organization

• They are not affected by organizational decisions

• They are any constituencies in an organization's environment affected by the organization's decisions