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Unit 2

Quiz by Bhagyashree Shukla

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25 questions
Show answers
  • Q1
    Which of the following is NOT an example of an external environment factor?
    Economic conditions
    Organizational culture
    Organizational culture
    Technological advancements
    Legal regulations
    30s
  • Q2
    Which of the following is an example of a political factor in the external environment?
    Technological advancements
    Demographic trends
    Competitor actions
    Government regulations
    30s
  • Q3
    Which of the following is an example of a social factor in the external environment?
    Changing consumer preferences
    Government regulations
    Technological advancements
    Economic conditions
    30s
  • Q4
    Which of the following is an example of an economic factor in the external environment?
    Inflation rate
    Technological advancements
    Political instability
    Changing consumer preferences
    Inflation rate
    30s
  • Q5
    Which of the following is an example of a technological factor in the external environment?
    Digitalization
    Government regulations
    Digitalization
    Changing consumer preferences
    Inflation rate
    30s
  • Q6
    Which of the following is an example of an ecological factor in the external environment?
    Technological advancements
    Government regulations
    Climate change
    Climate change
    Changing consumer preferences
    30s
  • Q7
    Which of the following is NOT a component of the internal environment?
    Management style
    Organizational culture
    Economic conditions
    30s
  • Q8
    Which of the following refers to the physical resources owned by a company?
    Human resources
    Intangible assets
    Financial resources
    Tangible assets
    30s
  • Q9
    Which of the following is considered a primary stakeholder in the internal environment of an organization?
    Customers
    Competitors
    Employees
    Suppliers
    30s
  • Q10
    Which of the following is an example of an intangible resource in the internal environment?
    Office furniture
    Cash reserves
    Employee skills
    Company reputation
    30s
  • Q11
    According to the Resource-Based View (RBV) approach, what are the key resources that contribute to sustainable competitive advantage?
    Product differentiation
    Unique and valuable resources
    Financial resources
    Low-cost production
    30s
  • Q12
    In the context of the Resource-Based View (RBV) approach, what is the role of organizational capabilities?
    They help leverage and maximize the value of resources
    They are not important in achieving competitive advantage
    They are easily imitated by competitors
    They are the same as tangible resources
    30s
  • Q13
    Which of the following is NOT a component of the VRIO framework used in the Resource-Based View (RBV) approach?
    Rare
    Valuable
    Organizational
    Inimitability
    30s
  • Q14
    What is the purpose of the IFE Matrix?
    To measure the market share of an organization
    To evaluate the external factors of an organization
    To assess the financial performance of an organization
    To evaluate the internal factors of an organization
    30s
  • Q15
    What is the range of scores in the IFE Matrix?
    1 to 4
    A to F
    1 to 10
    0 to 100
    30s

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