Quiz on Principles and Practices of Management

What does the macro environment refer to?

• Direct competitors of the organization

• Factors affecting the organization that are beyond its control

• Factors within the organization

• Internal policies of the organization

Which of the following is NOT a component of the macro environment?

• Legal and regulatory factors

• Technological advancements

• Economic Dimension

• Customers

What is the primary focus of the micro environment?

• Global market trends

• Government regulations

• Direct relationships with customers and suppliers

• External economic conditions

Which factor is included in the general environment?

• Employees

• Social and cultural factors

• Suppliers

• Competitors

What do economic factors influence in a business?

• Employee satisfaction

• Product pricing and demand

• Organizational culture

• Supplier relationships

What role do suppliers play in an organization?

• They influence customer behavior

• They are the main competitors

• They regulate the company's policies

• They provide production or raw materials

What is the significance of organizational culture?

• It determines the legal compliance of the organization

• It shapes the behavior and performance of the organization

• It is irrelevant to the success of the organization

• It only affects employee satisfaction

Who are the owners of an organization?

• Individuals or groups with property rights

• The customers

• The board of directors

• The employees

What is the main purpose of an organization according to the text?

• To comply with legal regulations

• To maximize profits at any cost

• To satisfy customer needs and wants

• To compete with other organizations

Which of the following is a component of the internal environment?

• Technological advancements

• Employees

• Competitors

• Economic conditions