Environment (16/20)

Front 1

One way to reduce uncertainty is to increase the number of specific and general environmental forces that are interconnected. Because, when forces begin to interact, the environment becomes more predictable.

Back 1

False

Front 2

Global supply chain management is the process of coordinating the flow of raw materials, components, semifinished goods, and finished products around the world.

Back 2

True

Front 3

Symbiotic interdependencies are the interdependencies that exist among organizations that compete for scarce inputs and outputs.

Back 3

False

Front 4

As the ________, the environmental uncertainty decreases

Back 4

environmental complexity decreases

Front 5

Which of the following strategies of managing competitive resource interdependencies involves a regulatory body that allows organizations to share information and regulate the way they compete?

Back 5

third-party linkage mechanism

Front 6

When a company decides to produce different products for different customers, ________.

Back 6

environmental complexity increases

Front 7

Typically, when a company gets associated with a third-party linkage mechanism, ________.

Back 7

the company can react more easily to the dynamism of the environment

Front 8

Two computer manufacturing companies, operating in the same industry, pool their resources to develop a new computer technology. This is an example of ________.

Back 8

an interorganizational linkage

Front 9

Which of the following is most likely to increase the environmental dynamism for a company?

Back 9

the company enters into a foreign market with new products

Front 10

When an organization is forced to rely on a small number of trading partners, the risk of ________.

Back 10

opportunism increases

Front 11

Which of the following statements is true regarding environmental richness?

Back 11

A rich environment is characterized by plentiful resources.

Front 12

As per the resource dependence theory, in which of the following situations is an organization said to be weak?

Back 12

there are only a few suppliers of a resource needed by the organization

Front 13

The interdependencies that exist between an organization and its suppliers and distributors are known as competitive interdependencies.

Back 13

False

Front 14

Internal transaction costs are called ________ costs to distinguish them from the transaction costs of exchanges between organizations in the environment.

Back 14

bureaucratic

Front 15

An organization's environment will be more uncertain when ________.

Back 15

specific and general forces in the environment become interconnected

Front 16

The union does not like the work rules of an automobile plant. The plant forms a joint union-labor committee and gets key union leaders to join the committee. This is an example of ________.

Back 16

cooptation

Front 17

The forces that constitute the specific environment shape the general environment and affect the ability of all organizations in a particular environment to obtain resources

Back 17

False

Front 18

Which of the following is most likely to increase the environmental complexity for a company?

Back 18

the company diversifies its business in an entirely new industry

Front 19

Environmental complexity is a function of the strength, number, and interconnectedness of the specific and general forces that an organization has to manage.

Back 19

True

Front 20

The specific environment consists of forces from outside stakeholder groups that directly affect an organization's ability to secure resources

Back 20

True