Would you say that the depreciation of the Egyptian currency was caused by changes in the Political, Economic or Legal Environments?
Economic
15
T/F: STEEPLE Analysis identifies factors that occur within the organization.
False; external.
15
If the country is borrowing money, the value of its currency is low and the unemployment rate is low, this analysis involves _________________ environmental factors? Political, social, economic
Economic
15
For which of the following types of business do you think a sole proprietorship firm of organization would be more suitable, and why? Grocery store Medical store Legal consultancy Craft center Internet café
Internet Cafe (small scale, limited risks)
20
Jana was teaching in Egypt until recently, when she decided to return to USA after a new law was enforced compelling all famale teachers to wear headscarfs. Which Environmental factor is that ?
Legal
25
T/F: When analyzing the "ethical" factor of the STEEPLE Analysis, one could ask: "Are there consumer protection laws?."
True
15
Because she was afraid the business would close after her death, Nourhan decided not to open the restaurant of her dreams. What type of business form does this example mostly likely represent?
Sole Proprietorship
20
After closing a deal with a huge client, Mariam felt gutted. She only wished she was the sole owner of the business. Why do you think Mariam was gutted?
She must share the profits with her partner.
25
T/F: Maintaining a healthy business environment is important for a business to achieve profits.
True.
15
Commercial organizations are organizations that operate for other purposes than for profits..
False. Commercial organizations operate for profits.
15
Political and legal are main dimensions in the business internal environment.
False.
10
The set of values, beliefs, behaviors, customs, and attitudes that helps the members of the organization understand what it stands for is called______.
Culture.
20
KFC, McDonald's & Pizza Hut are all examples of a: a)Franchises b)Cooperatives C)Joing Ventures D)Syndicates
Franchises.
15
Okhtein Sisters decided to open a business where they share everything 50/50. What type of partnership is this? a)General Partnership b)Limited Partnership
a)General Partnership
25
T/F: Ownership of a corporation can only transferred through the buying and selling of stocks.
True.
10
T/F: You should analyze both internal and external business environments because each environmental factor has a different effect on your business.
