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21.Managers often prefer to use business confidence indices ____. a.to identify

Question : 21.Managers often prefer to use business confidence indices ____. a.to identify : 1418417

 

21.Managers often prefer to use business confidence indices ____.

a.to identify socio-cultural trends

b.as predictors of future economic activity when making business decisions

c.which are based on intuition and experience

d.to encourage customers to make long-term buying decisions

e.to improve consumer confidence forecasts

22.Technology is the ____ used to transform inputs (raw materials, information, etc.) into outputs (products or services).

a.knowledge, tools, and techniques

b.knowledge and machinery

c.plans and machinery

d.tools and techniques

e.strategy and tactics

23.More premature babies than ever before are surviving due to improvements in medical knowledge and care. This improved survival rate can be attributed to the ____ component of hospitals.

a.technological

b.socio-cultural

c.economic

d.political/legal

e.demographic

24.Tourism was not the only travel-associated industry that was visibly hurt by what happened on 9/11. People decided to vacation at home and sales of luggage and similar travel gear decreased significantly. Sales of home swimming pools increased. This decision to stay at home reflects a change in attitudes toward the perceived safety of long-distance traveling. This is an example of a change in the ____ component of the general environment.

a.technological

b.socio-cultural

c.economic

d.competitive

e.geographic

25.Fear of a lawsuit prevents many employers from giving totally honest recommendations to former employees. This reflects a change in the ____ component of the general environment.

a.technological

b.social

c.economic

d.political/legal

e.demographic

26.The manager of a company that produces a soy-based sausage wants to conduct a competitive analysis. During this competitive analysis, he should look at ____.

a.companies that produce other brands of pork-based sausage

b.Morningstar, a company that has a complete line of soy-based products

c.companies that produce other forms of breakfast meats like bacon

d.individuals who make their own sausage

e.all of these

27.A fast-food restaurant chain is famous for its small, square hamburgers. Which of the following would be a component of its socio-cultural environment?

a.a period of business prosperity

b.the development of fully automated drive-through windows

c.a price war with Burger King and McDonald's

d.the fact most consumers prefer eating out rather than at home

e.regulations passed by the Food & Drug Administration

28.Which of the following is NOT a dimension of the political/legal component of the general environment that governs and regulates business behavior?

a.legislation

b.competitive products

c.court decisions

d.regulation

e.customer-initiated lawsuits

29.A fast-food restaurant chain is famous for its small, square hamburgers. Which of the following would be a component of its general environment?

a.meat processing companies that provide its ground beef

b.consumers who will drive miles out of their way to eat a burger

c.boycotts by the Chicago organization of People for the Ethical Treatment of Animals (PETA)

d.local zoning laws that designate the appropriate distance from the street for a restaurant to be located

e.inflation

30.Which of the following is NOT a potential legal risk associated with traditional managerial decisions like recruiting, hiring, and firing employees?

a.negligent supervision

b.invasion of privacy

c.product liability

d.defamation

e.a charge of emotional distress

 

 

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