Quarter 1 | Module 3: Environmental Forces and Scanning, Local and International Business Environment of the Firm (2/2) Flashcards
T/F
1.An organization’s external environment consists of conditions and forces within the organization which consists of the owners, board of directors, employees and the organization’s culture.
False
T/F
2.The full meaning of swot is strengths, weaknesses, opportunities, and timeliness.
False
T/F
3.The internal environment, which is also called the immediate or operational environment has profound impact on the operations of a firm. it includes suppliers, competitors, distributors, and customers.
False
T/F
4.The board of directors are the workers who perform the day to day operations of the organization and ensure that work is being accomplished to achieve the organization’s desired goals.
False
T/F
5.The owners of business are those who have legal property rights to the business.
True
T/F
6.A corporate board of directors is elected by the managers and is charged with overseeing the general management of the firm.
False
T/F
7.Suppliers are organizations that produce similar goods and services to an organization that compete for the same customers.
False
T/F
8.Distributors are individuals and companies that provide an organization with the input resources (such as raw materials, component parts, or employees) that it needs to produce goods and services.
False
T/F
9.Weaknesses are things your company does well.
False
T/F
10.Monetary policies deal with the use of government spending and taxation to improve the position of the economy.
False
SWOT
1.Limited managerial expertise
Weakness
SWOT
2.Imposition of value added tax
Threat
SWOT
3.Increasing disposable income
Opportunity
SWOT
4.Increase in population
Opportunity
SWOT
5.Limited services capacity
Weakness
