Fundamentals of Management Essay

1) whiz of Zappos key features is free returns on shoes that dont fit. solve TRUE business relationship An online shoe store needs to be put up customers to try on shoes. Zappos does this with free returns and no questions asked. Diff 1 knave ref 29 documental 2.12) One element of Zappos success is that it has limited selection, counseling on quality rather than a great number of disparate brands and styles. Answer incorrect Explanation Zappos has an enormous selection. Selection is one of the advantages it has all over conventional shoe stores. Diff 2 rapscallion ref 29 Objective 2.13) One of Zappos goals is to deliver shriek to its customers.Answer TRUEExplanation Delivering WOW is one of Zappos ten corporate set. Diff 2 Page Ref 29 Objective 2.14) A study cause of the shutdown of a BMW conclave plant in South Carolina in 2010 was a bank crisis in Iceland. Answer FALSE Explanation A volcanic eruption in Iceland was the cause of the shutdown, preventing deliveries to the plant. Diff 2 Page Ref 30 AACSB Dynamics of the spheric economy Objective 2.1 accomplishment Outcome draw the fundamental concepts and issues of transnational business and management5) The outer surround of an cheek overwhelms factors and forces that can touch how the organization operates. Answer TRUE Explanation The remote environment includes whatever outside agent that can influence the performance of the organization. Diff 2 Page Ref 30 AACSB Multicultural and diversity understanding Objective 2.1 instruction Outcome Describe the components of the management environment6)The components of an organizations external environment include a technological component and a semipolitical component. Answer TRUE Explanation The technological component may include such things as new software, while the political component may include office holders who directly affect a companys business. Diff 2 Page Ref 30 AACSB Analytic skills Objective 2.1 erudition Outcome Describe the c omponents of the management environment7) The sociocultural component of the external environment of an organization includes trends and traditions, but not basic attitudes and values. Answer FALSE Explanation The sociocultural component of the external environment includes all beliefs and values as well as attitudes and behavioral patterns. Diff 1 Page Ref 30 Objective 2.1 Learning Outcome Describe the components of the management environment8) The overall trend toward globalization is vary of the political component of an organizations external environment. Answer FALSE Explanation Globalization is part of the global component of an organizations external environment. Diff 2 Page Ref 31 AACSB Dynamics of the global economy Objective 2.1Learning Outcome Identify the fundamental concepts and issues of international business and management9) high school interest rates have been identified as a major cause of the economic meltdown that began in 2008. Answer FALSE Explanation Low int erest rates, rather than high interest rates, have been named as a cause of economic problems. Diff 2 Page Ref 31 AACSB Dynamics of the global economy Objective 2.1Learning Outcome Identify the fundamental concepts and issues of international business and management 10) Prior to the recession that began in 2008, many businesses became highly leveraged, which is another term for a company with a high debt-to-assets ratio. Answer TRUE Explanation Withcheap credit, companies tended to take on too much debt.