Fundamentals of Management, Chapter 2: The Management Environment Research Conventional paper

Basics of Managing, Chapter two: The Administration Environment

Fundamentals of Management, 8e

Section 2 The Management Environment

1) Among Zappos' crucial features is definitely free earnings on sneakers that don't fit. Response: TRUE Justification: An online sneaker store must be allow clients to " try on" shoes. Zappos does this with free earnings and no queries asked. Difference: 1 Page Ref: twenty nine Objective: installment payments on your 1

2) One component of Zappos' accomplishment is that it includes limited selection, focusing on top quality rather than a large number of different brands and styles. Solution: FALSE Justification: Zappos posseses an enormous collection. Selection is one of the advantages they have over standard shoe shops. Diff: a couple of Page Ref: 29 Aim: 2 . 1

3) One among Zappos' desired goals is to deliver WOW to its clients.

Answer: ACCURATE

Explanation: Delivering WOW is one of Zappos' ten corporate values. Diff: 2 Web page Ref: twenty nine Objective: installment payments on your 1

4) A major reason for the arret of a THE CAR assembly herb in Sc in 2010 was obviously a bank turmoil in Iceland. Answer: FALSE Explanation: A volcanic eruption in Iceland was the cause of the shutdown, preventing deliveries to the plant. Difference: 2 Page Ref: 40 AACSB: Aspect of the global economy Aim: 2 . you

Learning Final result: Identify the fundamental concepts and issues of international business and managing

5) The external environment of an corporation includes factors and makes that can impact how the business operates. Solution: TRUE Reason: The exterior environment comes with any outdoors agent that may influence the performance of the organization. Difference: 2 Page Ref: 30 AACSB: Multicultural and diversity understanding Objective: 2 . 1

Learning Outcome: Describe the components from the management environment 6) The components of an company external environment include a technological component and a personal component. Response: TRUE Description: The scientific component may include such things as new software, as the political element may include workplace holders whom directly affect a company's organization. Diff: two Page Ref: 30 AACSB: Analytic abilities Objective: installment payments on your 1

Learning Outcome: Explain the components from the management environment

7) The sociocultural element of the exterior environment associated with an organization includes trends and traditions, however, not basic thinking and ideals. Answer: FALSE Explanation: The sociocultural component of the exterior environment involves all morals and principles as well as thinking and behavior. Diff: one particular Page Ref: 30 Goal: 2 . you Learning Final result: Describe the components of the management environment

8) The overall trend toward the positive effect is part of the political element of an company external environment. Answer: PHONY Explanation: The positive effect is portion of the global component of an organization's external environment. Diff: two Page Ref: 31 AACSB: Dynamics with the global economic climate Objective: 2 . 1

Learning Outcome: Recognize the fundamental ideas and issues of foreign business and management

9) High interest levels have been identified as a major reason for the economic meltdown that began in 2008. Solution: FALSE Reason: Low interest rates, instead of high interest levels, have been called as a reason for economic challenges. Diff: two Page Ref: 31 AACSB: Dynamics from the global economic climate Objective: 2 . 1

Learning Outcome: Discover the fundamental ideas and concerns of international business and management 10) Prior to the downturn that started in 08, many businesses became highly leveraged, which is one other term for the company having a high debt-to-assets ratio. Solution: TRUE Justification: With inexpensive credit, corporations tended to try to get too much personal debt. Diff: two Page Ref: 31 AACSB: Analytic expertise Objective: installment payments on your 1