Question 1

Which of the following production strategies is most appropriate for a differentiated business?

Accepted Answer

A) Emphasize quality in operations even when the cost of doing so is high. 
B) Emphasize quality in operations when the cost of doing so is relatively low. 
C) Emphasize operation efficiencies through learning,economies of scale,and capital-labor substitution possibilities. 
D) Emphasize specialized quality in operations even when costs are high. 
A) Emphasize quality in operations even when the cost of doing so is high. 
B) Emphasize quality in operations when the cost of doing so is relatively low. 
C) Emphasize operation efficiencies through learning,economies of scale,and capital-labor substitution possibilities. 
D) Emphasize specialized quality in operations even when costs are high. A

Question 2

Which of the following is not a factor that can facilitate organizational learning capabilities?

Accepted Answer

A) Multiple advocates 
B) Involved leadership. 
C) An analyzer strategic emphasis. 
D) All of the above can facilitate organizational learning capabilities. 
A) Multiple advocates 
B) Involved leadership. 
C) An analyzer strategic emphasis. 
D) All of the above can facilitate organizational learning capabilities. C

Question 3

Just-in-time manufacturing often improves quality but usually does not influence costs.

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following production strategies is most appropriate for a low-cost business?

Accepted Answer

A) Emphasize quality in operations even when the cost of doing so is high. 
B) Emphasize quality in operations when the cost of doing so is relatively low. 
C) Emphasize operation efficiencies through learning,economies of scale,and capital-labor substitution possibilities. 
D) Emphasize specialized quality in operations even when costs are high. 
A) Emphasize quality in operations even when the cost of doing so is high. 
B) Emphasize quality in operations when the cost of doing so is relatively low. 
C) Emphasize operation efficiencies through learning,economies of scale,and capital-labor substitution possibilities. 
D) Emphasize specialized quality in operations even when costs are high.

Question 5

The perspective suggesting that people and their skills and abilities represent the only resource that cannot readily be reproduced by a firm's competitors if it is deemed to be a source of competitive advantage is known as

Accepted Answer

A) capital assessment. 
B) resource based theory. 
C) knowledge management. 
D) None of the above. 
A) capital assessment. 
B) resource based theory. 
C) knowledge management. 
D) None of the above.

Question 6

Quality problems are generally limited to poorly managed firms.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following financial strategies is most appropriate for a low-cost-differentiation business?

Accepted Answer

A) Lower financial costs by borrowing when credit costs are low and issuing stock when the market is high. 
B) Emphasize specialized quality of operations when the cost of doing so is relatively low. 
C) Emphasize obtaining resources and funding output improvements or innovations,even when financial costs may be high. 
D) None of the above. 
A) Lower financial costs by borrowing when credit costs are low and issuing stock when the market is high. 
B) Emphasize specialized quality of operations when the cost of doing so is relatively low. 
C) Emphasize obtaining resources and funding output improvements or innovations,even when financial costs may be high. 
D) None of the above.

Question 8

Do differentiated businesses spend more on R&D than their low cost counterparts? Explain.

Accepted Answer

a.Differentiated businesses often-but no

Question 9

Whether it is conducted in-house or outsourced,an information system is deemed effective if it helps the business carry out its strategy.

Accepted Answer

A) True 
 B)False

Question 10

Which purchasing strategy tends to be associated with a low-cost strategy?

Accepted Answer

A) Purchase at low costs through quantity discounts; operate storage and warehouse facilities and control inventory efficiently.. 
B) Purchase high-quality inputs,even if they cost more; conduct storage,warehouse,and inventory activities with extensive care,even if costs are higher. 
C) Purchase high-quality inputs,but only if costs are low; conduct storage,warehouse,and inventory activities with care,but only if costs are relatively low 
D) None of the above. 
A) Purchase at low costs through quantity discounts; operate storage and warehouse facilities and control inventory efficiently.. 
B) Purchase high-quality inputs,even if they cost more; conduct storage,warehouse,and inventory activities with extensive care,even if costs are higher. 
C) Purchase high-quality inputs,but only if costs are low; conduct storage,warehouse,and inventory activities with care,but only if costs are relatively low 
D) None of the above.

Question 11

Capital restructuring refers to an organization's ability to substitute labor for capital,or vice versa as volume increases,depending upon which combination minimizes costs and/or maximizes effectiveness.

Accepted Answer

A) True 
 B)False

Question 12

The sum of the capabilities of individuals in an organization is known as

Accepted Answer

A) human capital. 
B) organizational learning. 
C) knowledge management. 
D) None of the above. 
A) human capital. 
B) organizational learning. 
C) knowledge management. 
D) None of the above.

Question 13

Differentiated businesses tend to emphasize

Accepted Answer

A) process R&D. 
B) product/service R&D. 
C) both process & product/service R&D. 
D) neither process not product/service R&D. 
A) process R&D. 
B) product/service R&D. 
C) both process & product/service R&D. 
D) neither process not product/service R&D.

Question 14

In general,differentiated businesses emphasize obtaining resources and funding output improvements or innovations,even when financial costs may be high.

Accepted Answer

A) True 
 B)False

Question 15

Low-cost businesses emphasize low initial investments in plants,equipment,and outlets,and low operation costs.

Accepted Answer

A) True 
 B)False

Question 16

Explain the component parts of the experience curve.How is this concept related to the production strategy?

Accepted Answer

a.The experience curve is based on the i

Question 17

An organization's ability to substitute labor for capital or vice versa as volume increases is known as

Accepted Answer

A) economies of scale. 
B) economies of scope. 
C) differentiation economies. 
D) None of the above. 
A) economies of scale. 
B) economies of scope. 
C) differentiation economies. 
D) None of the above.

Question 18

Which purchasing strategy tends to be associated with a low-cost-differentiation strategy?

Accepted Answer

A) Purchase at low costs through quantity discounts; operate storage and warehouse facilities and control inventory efficiently. 
B) Purchase high-quality inputs,even if they cost more; conduct storage,warehouse,and inventory activities with extensive care,even if costs are higher. 
C) Purchase high-quality inputs,but only if costs are low; conduct storage,warehouse,and inventory activities with care,but only if costs are relatively low. 
D) None of the above. 
A) Purchase at low costs through quantity discounts; operate storage and warehouse facilities and control inventory efficiently. 
B) Purchase high-quality inputs,even if they cost more; conduct storage,warehouse,and inventory activities with extensive care,even if costs are higher. 
C) Purchase high-quality inputs,but only if costs are low; conduct storage,warehouse,and inventory activities with care,but only if costs are relatively low. 
D) None of the above.

Question 19

Differentiated businesses tend to emphasize process R&D.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is not true about functional strategies?

Accepted Answer

A) They should be considered before the business strategy is formulated. 
B) The support the implementation of the business strategy. 
C) They should be formulated after the business strategy but before the corporate strategy. 
D) All of the above are true. 
A) They should be considered before the business strategy is formulated. 
B) The support the implementation of the business strategy. 
C) They should be formulated after the business strategy but before the corporate strategy. 
D) All of the above are true.

Which of the following production strategies is most appropriate for a differentiated business?

Which of the following is not a factor that can facilitate organizational learning capabilities?

Just-in-time manufacturing often improves quality but usually does not influence costs.

Which of the following production strategies is most appropriate for a low-cost business?

The perspective suggesting that people and their skills and abilities represent the only resource that cannot readily be reproduced by a firm's competitors if it is deemed to be a source of competitive advantage is known as

Quality problems are generally limited to poorly managed firms.

Which of the following financial strategies is most appropriate for a low-cost-differentiation business?

Do differentiated businesses spend more on R&D than their low cost counterparts? Explain.

Whether it is conducted in-house or outsourced,an information system is deemed effective if it helps the business carry out its strategy.

Which purchasing strategy tends to be associated with a low-cost strategy?

Capital restructuring refers to an organization's ability to substitute labor for capital,or vice versa as volume increases,depending upon which combination minimizes costs and/or maximizes effectiveness.

The sum of the capabilities of individuals in an organization is known as

Differentiated businesses tend to emphasize

In general,differentiated businesses emphasize obtaining resources and funding output improvements or innovations,even when financial costs may be high.

Low-cost businesses emphasize low initial investments in plants,equipment,and outlets,and low operation costs.

Explain the component parts of the experience curve.How is this concept related to the production strategy?

An organization's ability to substitute labor for capital or vice versa as volume increases is known as

Which purchasing strategy tends to be associated with a low-cost-differentiation strategy?

Differentiated businesses tend to emphasize process R&D.

Which of the following is not true about functional strategies?

Fundamentals of Strategic Management

Industry Competition

External Environment: Political Economic Forces

External Environment: Social Technological Forces

Organization Mission Direction

Corporate-Level Strategies

Business Unit Strategies

Strategy Formulation

Strategy Execution-Organizational Structure

Strategy Execution: Strategic Change,culture Leadership

Strategic Control

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Exam 8: Functional Strategies

Which of the following production strategies is most appropriate for a differentiated business?

Which of the following is not a factor that can facilitate organizational learning capabilities?

Just-in-time manufacturing often improves quality but usually does not influence costs.

Which of the following production strategies is most appropriate for a low-cost business?

The perspective suggesting that people and their skills and abilities represent the only resource that cannot readily be reproduced by a firm's competitors if it is deemed to be a source of competitive advantage is known as

Quality problems are generally limited to poorly managed firms.

Which of the following financial strategies is most appropriate for a low-cost-differentiation business?

Do differentiated businesses spend more on R&D than their low cost counterparts? Explain.

Whether it is conducted in-house or outsourced,an information system is deemed effective if it helps the business carry out its strategy.

Which purchasing strategy tends to be associated with a low-cost strategy?

Capital restructuring refers to an organization's ability to substitute labor for capital,or vice versa as volume increases,depending upon which combination minimizes costs and/or maximizes effectiveness.

The sum of the capabilities of individuals in an organization is known as

Differentiated businesses tend to emphasize

In general,differentiated businesses emphasize obtaining resources and funding output improvements or innovations,even when financial costs may be high.

Low-cost businesses emphasize low initial investments in plants,equipment,and outlets,and low operation costs.

Explain the component parts of the experience curve.How is this concept related to the production strategy?

An organization's ability to substitute labor for capital or vice versa as volume increases is known as

Which purchasing strategy tends to be associated with a low-cost-differentiation strategy?

Differentiated businesses tend to emphasize process R&D.

Which of the following is not true about functional strategies?

Fundamentals of Strategic Management

Industry Competition

External Environment: Political Economic Forces

External Environment: Social Technological Forces

Organization Mission Direction

Corporate-Level Strategies

Business Unit Strategies

Strategy Formulation

Strategy Execution-Organizational Structure

Strategy Execution: Strategic Change,culture Leadership

Strategic Control

Filters