{ "@context": "https://schema.org", "@type": "Organization", "name": "Brainscape", "url": "https://www.brainscape.com/", "logo": "https://www.brainscape.com/pks/images/cms/public-views/shared/Brainscape-logo-c4e172b280b4616f7fda.svg", "sameAs": [ "https://www.facebook.com/Brainscape", "https://x.com/brainscape", "https://www.linkedin.com/company/brainscape", "https://www.instagram.com/brainscape/", "https://www.tiktok.com/@brainscapeu", "https://www.pinterest.com/brainscape/", "https://www.youtube.com/@BrainscapeNY" ], "contactPoint": { "@type": "ContactPoint", "telephone": "(929) 334-4005", "contactType": "customer service", "availableLanguage": ["English"] }, "founder": { "@type": "Person", "name": "Andrew Cohen" }, "description": "Brainscape’s spaced repetition system is proven to DOUBLE learning results! Find, make, and study flashcards online or in our mobile app. Serious learners only.", "address": { "@type": "PostalAddress", "streetAddress": "159 W 25th St, Ste 517", "addressLocality": "New York", "addressRegion": "NY", "postalCode": "10001", "addressCountry": "USA" } }

Quiz 2 Flashcards

(20 cards)

1
Q

What is the process of gathering, analyzing, and dispensing information for tactical or strategic purposes?

A

Environmental Scanning

Includes Organization and Management, SWOT Analysis, Research, and All of the above.

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2
Q

What entails obtaining factual and subjective information on the business environments in which a company is operating or considering entering.

A

Environmental Scanning Process

Also includes Organization and Management, SWOT Analysis, Research, and All of the above.

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3
Q

What refers to institutions and forces that affect organizational performance?

A

All of the above

Can also refer to Internal Environment and Environment.

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4
Q

Which environment in an organization is uncontrollable?

A

External Environment

Other options include Internal Environment and Natural Environment.

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5
Q

What refers to the environment that has an indirect influence on the business?

A

External Environment

Other options include Internal Environment and Natural Environment.

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6
Q

Which of the following does not belong to the group: Competitor, Media, Customer, Employee, Economic?

A

Economic

The others are direct stakeholders in a business.

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7
Q

Which of the following does not belong to the group: Political, Legal, Environmental, Ecological, Social, Technological?

A

None of the above

All listed items are part of the external factors affecting a business.

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8
Q

Who are considered the lifeblood of the business?

A

Customers

Other options include Producers, Suppliers, and Employees.

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9
Q

Under what phase of the business cycle does a company focus on acquiring customers?

Introduction
Growth
Maturity
Decline

A

Introduction

This phase is critical for establishing market presence.

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10
Q

Employees is for human while capital is for?
Money
Price
Financial
All of the above

A

Financial

Other options include Price, Financial, and All of the above.

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11
Q

Who is someone that has shares in a company?Shareholder
Stockholder
Investor
All of the above

A

All of the above

Also known as Stockholder or Investor.

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12
Q

What refers to the ways that a company can produce goods or deliver services better than its competitors?

A

Competitive Advantage

Also relates to Service Business and Organizational Culture.

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13
Q

What is the process organizations can use to compare and measure their services, products, and operational processes against other organizations?

A

Benchmarking

Related to Competitive Advantage and Organizational Culture.

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14
Q

What is used to denote an ongoing rise in the general level of prices quoted in units of money?

A

Inflation

Opposite term is Deflation.

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15
Q

What concept describes how a company contributes to the well-being of communities and society through environmental and social measures?

A

Corporate Social Responsibility

Related to Corporate Intelligence and Corporate Governance.

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16
Q

What is a concise explanation of an organization’s reason for existence, describing its purpose, intention, and overall objectives?

A

Mission

Related to Vision, Goals, and Objectives.

17
Q

True or False: Positive media attention can make an organization (or its products) and negative media attention can ‘break’ an organization.

A

True

Media influence is significant in public perception.

18
Q

True or False: Organizational culture is the set of beliefs and values shared by organization members.

A

True

It guides members as they work together to achieve their common purpose.

19
Q

True or False: Profit organizations are designed for the purpose of achieving their goals, giving service to clients without expecting monetary gains or financial benefits.

A

False

Profit organizations typically seek to generate financial returns.

20
Q

Which of the following does not belong to the group: Bargaining Power of Customers, Threats of New Entrants, Power of Suppliers, Threats of Substitute Products, Rivalry among Competitors?

A

Power of suppliers

All listed items are components of competitive forces in the market.