Question 1

Social complexity refers to the socially complex ways of organizing typical of many firms.

Accepted Answer

A) True 
 B)False

Question 2

If a firm is a bundle of resources and capabilities, how do they come together to add value?

Accepted Answer

A value chain (shown in Figure 4.2) indi

Question 3

According to a McKinsey study, US firms save 58 cents on every dollar invested in offshoring to India.

Accepted Answer

A) True 
 B)False

Question 4

How does the resource-based view answer the big question in global business: What determines the success and failure of firms around the globe?

Accepted Answer

Successful firms that outperform others

Question 5

Turning over an organizational activity to an outside supplier that will perform it on behalf of the local firm is also called:

Accepted Answer

A)  Captive sourcing 
B)  Inshoring 
C)  Offshoring 
D)  Outsourcing 
A)  Captive sourcing 
B)  Inshoring 
C)  Offshoring 
D)  Outsourcing

Social complexity refers to the socially complex ways of organizing typical of many firms.

If a firm is a bundle of resources and capabilities, how do they come together to add value?