1. The United States government recently increased tariffs on imports of steel. This will critically affect MGT, Inc. since steel is a necessary input of certain products made by the company. This is an example of how the element of in the macroenvironment can affect a business. a. rivals b. technology c. substitutes/complements d. economy e. laws/regulations 2. Sam works for MGT, Inc. and often travels overseas to the Middle East for job duties. It is common practice in some of his business encounters to pay bribes to local officials, which is acceptable because this is just how business is done in these geographic areas. Which of the following is true regarding Sam's work? a. Because MGT, Inc. is an American company, it is illegal for Sam to pay bribes even if in another country. b. Sam can engage in these practices only because he is in another country and would not be able to if in the United States. c. The regulation of bribes falls under the domain of social values in the macro environment. d. The National Labor Relations Board decides under what circumstances American companies can pay bribes. e. Sam's behavior is acceptable as long as his managers in the United States do not find out. 3. Environmental uncertainty occurs when managers do not have enough information about the environment to understand or predict the future. This can occur from two factors including or the degree of discontinuous change that occurs within the industry, and or the number of issues to which a manager must attend and the degree to which they are interconnected. a. dynamism; complexity b. complexity; dynamism C. change management; dynamism d. change management; measure of monitoring e. dynamism; measure of monitoring 5. MGT, Inc.'s organizational culture is control-oriented and places its strategic emphasis toward competitive advantage and market superiority. In other words, MGT, Inc.'s culture can be described as being a(n) a. hierarchy. b. internal. c. adhocracy. d. market. e. clan. 6. A patent on a product produced by MGT, Inc. is about to expire. Because of this, to which of the following elements of the competitive environment will MGT, Inc. need to pay the most attention in the near future? a. suppliers b. rivals C. substitutes d. customers e. new competitor 7. MGT, Inc. has a formal business dress code, but on Fridays, employees are encouraged to wear a collared shirt with the company logo that all employees are given during their annual performance appraisal. This tradition is a(n) of the company's culture. a. unconscious assumption b. adhocracy c. value d. visible artifact e. can 8. According to Douglas McGregor, a Theory X manager would give their employees which of the following? a. step-by-step instructions b. decision making power c. creative projects d. high levels of responsibility e. autonomy 9. As a conscientious manager, Sam knows he must keep up with changes in the environment. With a number of tools at his disposal for engaging in this task, what Sam finds most helpful is or the process of comparing his department s practices and technologies with those of the similar department in competitor companies. This allows him to identify best-in-class performance and make adjustments to improve his own department. a. competitive intelligence b. scenario planning C. forecasting d. benchmarking e. environmental scanning 10. At MGT, Inc., Sam has noticed that in the last twelve months, health care costs have steeply increased, limiting the company's ability to hire much needed employees in a few key units. This is an example of how which component of the macro environment is affecting the company? a. substitute services b. rivals C. demographics d. laws e. economy