Management Chapter 3

Which of the following companies is most likely operating in a dynamic environment?

a video game manufacturer

Suppose that a Mexican car manufacturer wants to export cars to Guatemala. The fact that the distribution of income within Guatemala is highly unequal and that about 75 percent of the population is below the poverty line would be a(n) ____ component in the manufacturer's general environment.

economic

All events outside a company that have the potential to influence or affect it occur in the ____ environment.

external

What are the two types of external organizational environments?

general and the specific

In terms of external organizational environments, the ____ environment affects all organizations while the ____ environment is unique to each company.

general; specific

A company facing a simple environment would ____.

have few external factors in the environment that affect it

According to the ____theory, companies go through long, simple periods of environmental stability, followed by short, complex periods of dynamic, fundamental environmental change, finishing with a return to environmental stability.

punctuated equilibrium theory

Over the past 20 years, which of the following is an industry that has experienced both the stable and dynamic environments predicted by punctuated equilibrium theory?

the airline industry