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Exam 3: The External Assessment

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Question 21

Multiple Choice

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Who are the world's longest-living people?

A) Americans
B) Mexicans
C) Indians
D) Filipinos
E) Japanese

F) A) and B)
G) A) and C)

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Question 22

Multiple Choice

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A total weighted score of ________ in an EFE Matrix indicates that the firm's strategies are NOT capitalizing on opportunities or avoiding external threats.

A) 0.0
B) 1.0
C) 2.5
D) 3.3
E) 4.0

F) A) and D)
G) B) and D)

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Question 23

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Competitive intelligence is not considered corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public.

Running a competitive intelligence program requires lots of people, computers, and other resources.

While forecasts might not be perfect, they are never wildly inaccurate.

Much of Europe lingers in a recession.

An increase in interest rates is directly related to an increase in discretionary income and an increase in the demand for discretionary goods.

A company website ________ information about a firm.

What is state of labor unions in the USA? How can unions affect businesses?

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

Linear regression is based on the assumption that the future will be different from the past.

Discuss the I/O approach in relation to competitive advantage.

According to Porter, what is usually the most powerful of the five competitive forces?

As many managers and employees as possible should be involved in the process of performing an external audit.

Bargaining power of consumers is usually the most powerful of Porter's five competitive forces.

Wisconsin recently passed a law eliminating most collective-bargaining rights for the state's public-employee unions.

Hiring top executives from rival firms is a way companies obtain competitive intelligence.

Many economists say the current rash of trade constraints will make it ________ for global economic growth.

In a CPM, the ratings and total weighted scores for rival firms can be compared to the sample firm.

Collecting and evaluating information on competitors is essential for successful