Situation Analysis Requires a Firm to Consider Both Internal and External

question 274

Multiple Choice

Situation analysis requires a firm to consider both internal and external factors.Which of these is an example of an external factor?

• A)The firm buys its own fleet of trucks so it no longer needs to hire a trucking company for distribution.
• B)A hiring freeze is put into place.Although no one is fired no one can be hired.
• C)A goal is set to close the gap between production costs and profits.
• D)A local governance requires that all businesses within the city limits must reduce their waste by 5% or be fined.
• E)Shareholders are rewarded with a sizeable dividend check.

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Definitions:

Expectancy Theory

A psychological theory suggesting that an individual's motivation to engage in an activity is influenced by their expectations of the outcome and the value they place on that outcome.

Social Learning

A theory that suggests individuals learn new behaviors by observing and imitating others, as well as through the rewards or punishments that follow these behaviors.

Planned Behavior

A rephrased definition from Theory of Planned Behavior: Pertains to the actions individuals intend to perform, influenced by their attitudes towards the behavior, societal pressures, and their control over the behavior.

Macrosystem Level

Pertains to the broadest context in ecological systems theory, encompassing societal norms, economic systems, and cultural values that influence an individual's development.