Question 1

For a resource to provide a firm with the potential for a sustainable competitive advantage, it must have the following four attributes

Accepted Answer

A)  Rare, valuable, mobile, and nonsubstitutable. 
B)  Rare, inimitable, physically unique, and nonsubstitutable. 
C)  Rare, valuable, inimitable, and nonsubstitutable. 
D)  Rare, valuable, physically unique, and causally ambiguous. 
A)  Rare, valuable, mobile, and nonsubstitutable. 
B)  Rare, inimitable, physically unique, and nonsubstitutable. 
C)  Rare, valuable, inimitable, and nonsubstitutable. 
D)  Rare, valuable, physically unique, and causally ambiguous.

Question 2

The best measure of a company's ability to meet imminent financial obligations is known as the

Accepted Answer

A)  current ratio. 
B)  total asset turnover. 
C)  debt ratio. 
D)  profit margin. 
A)  current ratio. 
B)  total asset turnover. 
C)  debt ratio. 
D)  profit margin.

Question 3

What are the four perspectives that the "balanced scorecard" enables managers to evaluate their business?

Accepted Answer

The four perspectives are the

Question 4

Historical comparisons are most appropriate during periods of recession or economic boom.

Accepted Answer

A) True 
 B)False

Question 5

In value chain analysis, value is measured by market value of the total stock outstanding of the company.

Accepted Answer

A) True 
 B)False

Question 6

Capabilities that are causally ambiguous are difficult to imitate.

Accepted Answer

A) True 
 B)False

Question 7

_____ are the competencies or skills that a firm employs to transform inputs into outputs.

Accepted Answer

A)  Tangible resources 
B)  Intangible resources 
C)  Reputational resources 
D)  Organizational capabilities 
A)  Tangible resources 
B)  Intangible resources 
C)  Reputational resources 
D)  Organizational capabilities

Question 8

Which of the following lists consists of support activities?

Accepted Answer

A)  Human resource management, technology development, customer service, and procurement 
B)  Human resource management, customer service, marketing and sales, and operations 
C)  Human resource management, information systems, procurement, and firm infrastructure 
D)  Customer service, information systems, technology development, and procurement 
A)  Human resource management, technology development, customer service, and procurement 
B)  Human resource management, customer service, marketing and sales, and operations 
C)  Human resource management, information systems, procurement, and firm infrastructure 
D)  Customer service, information systems, technology development, and procurement

Question 9

Which of these categories of financial ratios is used to measure a company's ability to meet its short-term financial obligations?

Accepted Answer

A)  Leverage ratios 
B)  Profitability ratios 
C)  Activity ratios 
D)  Liquidity ratios 
A)  Leverage ratios 
B)  Profitability ratios 
C)  Activity ratios 
D)  Liquidity ratios

Question 10

Gillette combines several technologies (e.g., metallurgy, physiology, physics) to attain unparalleled success in the wet shaving industry. This is an example of their

Accepted Answer

A)  tangible resources. 
B)  intangible resources. 
C)  organizational capabilities. 
D)  strong primary activities. 
A)  tangible resources. 
B)  intangible resources. 
C)  organizational capabilities. 
D)  strong primary activities.

Question 11

The following are examples of socially complex organizational phenomena except

Accepted Answer

A)  a firm's culture 
B)  interpersonal relations among a firm's managers 
C)  complex physical technology 
D)  reputation with suppliers and customers 
A)  a firm's culture 
B)  interpersonal relations among a firm's managers 
C)  complex physical technology 
D)  reputation with suppliers and customers

Question 12

What are the benefits and limitations of making historical comparisons in analyzing a firm's performance?

Accepted Answer

Historical comparisons can help to track

Question 13

Tangible resources are assets that are relatively easy to identify such as financial and physical assets.

Accepted Answer

A) True 
 B)False

Question 14

Establishing a customer service hotline to handle customer complaints would be considered a primary activity in value chain analysis.

Accepted Answer

A) True 
 B)False

Question 15

Technology development is a much broader concept than research and development.

Accepted Answer

A) True 
 B)False

Question 16

Leverage ratios provide measures of a firm's capacity to meet its long-term financial obligations.

Accepted Answer

A) True 
 B)False

Question 17

The resource-based view (RBV) of the firm combines two perspectives

Accepted Answer

A)  the primary and support activities of the firm. 
B)  the interrelationships among the primary activities of the firm and corporate management. 
C)  the internal analysis of the firm as well as the external analysis of the industry and competitive environment. 
D)  the industry and the competitive environment. 
A)  the primary and support activities of the firm. 
B)  the interrelationships among the primary activities of the firm and corporate management. 
C)  the internal analysis of the firm as well as the external analysis of the industry and competitive environment. 
D)  the industry and the competitive environment.

Question 18

Which of the following would be most difficult to assess?

Accepted Answer

A)  The liquidity position of a firm 
B)  The legitimacy and reputation of a firm 
C)  Market share growth 
D)  The efficiency with which a firm utilizes its assets 
A)  The liquidity position of a firm 
B)  The legitimacy and reputation of a firm 
C)  Market share growth 
D)  The efficiency with which a firm utilizes its assets

Question 19

What are some of the key strengths and limitations of SWOT analysis?

Accepted Answer

The strength of SWOT analysis is that it

Question 20

How should managers assess changes in their firm's competitive position in their industries during a period of unusual economic growth?

Accepted Answer

A)  Compare the firm's financial ratios with ratios of firms in other strategic groups in the industry. 
B)  Compare the firm's financial ratios over the most recent one-year period. 
C)  Compare the financial ratios of all firms in the country's industry-some of whom serve very diverse market segments and have specialized accordingly. 
D)  Compare the financial ratios of firms in the company's strategic group. 
A)  Compare the firm's financial ratios with ratios of firms in other strategic groups in the industry. 
B)  Compare the firm's financial ratios over the most recent one-year period. 
C)  Compare the financial ratios of all firms in the country's industry-some of whom serve very diverse market segments and have specialized accordingly. 
D)  Compare the financial ratios of firms in the company's strategic group.

For a resource to provide a firm with the potential for a sustainable competitive advantage, it must have the following four attributes

The best measure of a company's ability to meet imminent financial obligations is known as the

What are the four perspectives that the "balanced scorecard" enables managers to evaluate their business?

Historical comparisons are most appropriate during periods of recession or economic boom.

In value chain analysis, value is measured by market value of the total stock outstanding of the company.

Capabilities that are causally ambiguous are difficult to imitate.

_____ are the competencies or skills that a firm employs to transform inputs into outputs.

Which of the following lists consists of support activities?

Which of these categories of financial ratios is used to measure a company's ability to meet its short-term financial obligations?

Gillette combines several technologies (e.g., metallurgy, physiology, physics) to attain unparalleled success in the wet shaving industry. This is an example of their

The following are examples of socially complex organizational phenomena except

What are the benefits and limitations of making historical comparisons in analyzing a firm's performance?

Tangible resources are assets that are relatively easy to identify such as financial and physical assets.

Establishing a customer service hotline to handle customer complaints would be considered a primary activity in value chain analysis.

Technology development is a much broader concept than research and development.

Leverage ratios provide measures of a firm's capacity to meet its long-term financial obligations.

The resource-based view (RBV) of the firm combines two perspectives

Which of the following would be most difficult to assess?

What are some of the key strengths and limitations of SWOT analysis?

How should managers assess changes in their firm's competitive position in their industries during a period of unusual economic growth?

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

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Exam 3: Assessing the Internal Environment of the Firm

For a resource to provide a firm with the potential for a sustainable competitive advantage, it must have the following four attributes

The best measure of a company's ability to meet imminent financial obligations is known as the

What are the four perspectives that the "balanced scorecard" enables managers to evaluate their business?

Historical comparisons are most appropriate during periods of recession or economic boom.

In value chain analysis, value is measured by market value of the total stock outstanding of the company.

Capabilities that are causally ambiguous are difficult to imitate.

_____ are the competencies or skills that a firm employs to transform inputs into outputs.

Which of the following lists consists of support activities?

Which of these categories of financial ratios is used to measure a company's ability to meet its short-term financial obligations?

Gillette combines several technologies (e.g., metallurgy, physiology, physics) to attain unparalleled success in the wet shaving industry. This is an example of their

The following are examples of socially complex organizational phenomena except

What are the benefits and limitations of making historical comparisons in analyzing a firm's performance?

Tangible resources are assets that are relatively easy to identify such as financial and physical assets.

Establishing a customer service hotline to handle customer complaints would be considered a primary activity in value chain analysis.

Technology development is a much broader concept than research and development.

Leverage ratios provide measures of a firm's capacity to meet its long-term financial obligations.

The resource-based view (RBV) of the firm combines two perspectives

Which of the following would be most difficult to assess?

What are some of the key strengths and limitations of SWOT analysis?

How should managers assess changes in their firm's competitive position in their industries during a period of unusual economic growth?

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters