Question 1

The business model used by IBM to make money not selling IBM products, but by selling its expertise to improve their customers operations is the

Accepted Answer

A)  profit pyramid model. 
B)  advertising model. 
C)  customer solutions model. 
D)  efficiency model. 
E)  entrepreneurial model. 
A)  profit pyramid model. 
B)  advertising model. 
C)  customer solutions model. 
D)  efficiency model. 
E)  entrepreneurial model.

Question 2

Which of the following is NOT a primary activity of the value chain?

Accepted Answer

A)  raw materials handling 
B)  installation 
C)  repair 
D)  purchasing 
E)  warehousing 
A)  raw materials handling 
B)  installation 
C)  repair 
D)  purchasing 
E)  warehousing

Question 3

According to the text, the primary task of the operations manager is to

Accepted Answer

A)  make sure all the products or services are producing maximum revenue. 
B)  develop and operate a system that will produce the required number of products or services with a certain quality, at a given cost, within an allotted time. 
C)  make sure the process has a high quality control. 
D)  ensure that the process is manufactured or delivered as efficiently as possible. 
E)  interface with the other functional departments to coordinate their operations in avoiding duplication of effort. 
A)  make sure all the products or services are producing maximum revenue. 
B)  develop and operate a system that will produce the required number of products or services with a certain quality, at a given cost, within an allotted time. 
C)  make sure the process has a high quality control. 
D)  ensure that the process is manufactured or delivered as efficiently as possible. 
E)  interface with the other functional departments to coordinate their operations in avoiding duplication of effort.

Question 4

When a company uses the same marketing channel for two separate products, this is an example of an economy of scope.

Accepted Answer

A) True 
 B)False

Question 5

The rate at which a firm's underlying resources, capabilities, or core competencies can be duplicated by others is called

Accepted Answer

A)  replicability. 
B)  transparency. 
C)  imitability. 
D)  durability. 
E)  transferability. 
A)  replicability. 
B)  transparency. 
C)  imitability. 
D)  durability. 
E)  transferability.

Question 6

Describe Barney's VRIO framework.

Accepted Answer

Barney, in his VRIO framework of analysi

Question 7

A core competency can be easily imitated to the extent that it is transparent, transferable, and replicable.

Accepted Answer

A) True 
 B)False

Question 8

Strategic managers must be concerned with human resource management because

Accepted Answer

A)  dealing with people is their primary job. 
B)  quality of work life is more important than strategic management. 
C)  the best strategies are meaningless if employees do not have the skills to carry them out or if jobs cannot be designed to accommodate the available workers. 
D)  workers are more likely to go on strike if management attempts to cross them. 
E)  they must be aware of the possibility and potential of unionism. 
A)  dealing with people is their primary job. 
B)  quality of work life is more important than strategic management. 
C)  the best strategies are meaningless if employees do not have the skills to carry them out or if jobs cannot be designed to accommodate the available workers. 
D)  workers are more likely to go on strike if management attempts to cross them. 
E)  they must be aware of the possibility and potential of unionism.

Question 9

A functional structure is appropriate for a medium sized firm with several product lines in one industry.

Accepted Answer

A) True 
 B)False

Question 10

Distinguish between continuous and intermittent manufacturing systems providing examples of each.

Accepted Answer

Manufacturing can be intermittent or con

Question 11

When a company's core competencies are superior to those of competitors, these are known as

Accepted Answer

A)  resources. 
B)  distinctive competencies. 
C)  core competencies. 
D)  critical success factors. 
E)  key performance factors. 
A)  resources. 
B)  distinctive competencies. 
C)  core competencies. 
D)  critical success factors. 
E)  key performance factors.

Question 12

When a company determines that a competency provides a competitive advantage, Barney refers to this issue as

Accepted Answer

A)  value. 
B)  rareness. 
C)  imitability. 
D)  organization. 
E)  durability. 
A)  value. 
B)  rareness. 
C)  imitability. 
D)  organization. 
E)  durability.

Question 13

Transferability is the ability of competitors to use duplicated resources and capabilities to imitate the other firm's success.

Accepted Answer

A) True 
 B)False

Question 14

The second step in value chain analysis is to

Accepted Answer

A)  identify the legal ramifications and responsibilities of their product or service. 
B)  examine the linkages among the product's or service's value chain. 
C)  confirm that all variables have been included and taken into consideration. 
D)  ensure that quality management is adequately addressed. 
E)  examine the potential synergies among the corporation's product or business units. 
A)  identify the legal ramifications and responsibilities of their product or service. 
B)  examine the linkages among the product's or service's value chain. 
C)  confirm that all variables have been included and taken into consideration. 
D)  ensure that quality management is adequately addressed. 
E)  examine the potential synergies among the corporation's product or business units.

Question 15

The PRIMARY task of the manager of information systems is to

Accepted Answer

A)  prevent unlawful usage of the information from the system. 
B)  make sure the information contained in the system is up-to-date and accurate. 
C)  monitor the input of information into the information system. 
D)  design and manage the flow of information in a corporation to improve productivity and decision making. 
E)  ensure that only those who have authorized permission have access to the information system. 
A)  prevent unlawful usage of the information from the system. 
B)  make sure the information contained in the system is up-to-date and accurate. 
C)  monitor the input of information into the information system. 
D)  design and manage the flow of information in a corporation to improve productivity and decision making. 
E)  ensure that only those who have authorized permission have access to the information system.

Question 16

What is the attribute of corporate culture that is the degree to which members of a unit accept the norms, values, or other culture content associated with the unit?

Accepted Answer

A)  integration 
B)  strength 
C)  intensity 
D)  coordination 
E)  unity 
A)  integration 
B)  strength 
C)  intensity 
D)  coordination 
E)  unity

Question 17

________ is more valuable because it can provide companies with a sustainable competitive advantage that is harder for competitors to imitate.

Accepted Answer

A)  Tacit knowledge 
B)  Explicit knowledge 
C)  Imitable knowledge 
D)  Transferable knowledge 
E)  Durable knowledge 
A)  Tacit knowledge 
B)  Explicit knowledge 
C)  Imitable knowledge 
D)  Transferable knowledge 
E)  Durable knowledge

Question 18

Which of the following statements is True concerning clusters?

Accepted Answer

A)  The desire to build or upgrade a core competency is one reason why entrepreneurial and other fast-growing firms often tend to locate close to their competitors. 
B)  Clusters are geographic concentrations of interconnected companies and industries. 
C)  An example of a cluster in the United States is California's Silicon Valley. 
D)  According to Porter, clusters provide access to employees, suppliers, specialized information, and complementary products. 
E)  all of the above 
A)  The desire to build or upgrade a core competency is one reason why entrepreneurial and other fast-growing firms often tend to locate close to their competitors. 
B)  Clusters are geographic concentrations of interconnected companies and industries. 
C)  An example of a cluster in the United States is California's Silicon Valley. 
D)  According to Porter, clusters provide access to employees, suppliers, specialized information, and complementary products. 
E)  all of the above

Question 19

The business model used by HP in selling printers and printer cartridges is the

Accepted Answer

A)  profit pyramid model. 
B)  advertising model. 
C)  customer solutions model. 
D)  efficiency model. 
E)  multi-component system/installed base model. 
A)  profit pyramid model. 
B)  advertising model. 
C)  customer solutions model. 
D)  efficiency model. 
E)  multi-component system/installed base model.

Question 20

The impact of a specific change in sales volume on net operating income is referred to as the

Accepted Answer

A)  continuous system. 
B)  chronological processing. 
C)  debt capacity. 
D)  operating leverage. 
E)  intermittent system. 
A)  continuous system. 
B)  chronological processing. 
C)  debt capacity. 
D)  operating leverage. 
E)  intermittent system.

The business model used by IBM to make money not selling IBM products, but by selling its expertise to improve their customers operations is the

Which of the following is NOT a primary activity of the value chain?

According to the text, the primary task of the operations manager is to

When a company uses the same marketing channel for two separate products, this is an example of an economy of scope.

The rate at which a firm's underlying resources, capabilities, or core competencies can be duplicated by others is called

Describe Barney's VRIO framework.

A core competency can be easily imitated to the extent that it is transparent, transferable, and replicable.

Strategic managers must be concerned with human resource management because

A functional structure is appropriate for a medium sized firm with several product lines in one industry.

Distinguish between continuous and intermittent manufacturing systems providing examples of each.

When a company's core competencies are superior to those of competitors, these are known as

When a company determines that a competency provides a competitive advantage, Barney refers to this issue as

Transferability is the ability of competitors to use duplicated resources and capabilities to imitate the other firm's success.

The second step in value chain analysis is to

The PRIMARY task of the manager of information systems is to

What is the attribute of corporate culture that is the degree to which members of a unit accept the norms, values, or other culture content associated with the unit?

________ is more valuable because it can provide companies with a sustainable competitive advantage that is harder for competitors to imitate.

Which of the following statements is True concerning clusters?

The business model used by HP in selling printers and printer cartridges is the

The impact of a specific change in sales volume on net operating income is referred to as the

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 5: Internal Scanning and Organizational Analysis

The business model used by IBM to make money not selling IBM products, but by selling its expertise to improve their customers operations is the

Which of the following is NOT a primary activity of the value chain?

According to the text, the primary task of the operations manager is to

When a company uses the same marketing channel for two separate products, this is an example of an economy of scope.

The rate at which a firm's underlying resources, capabilities, or core competencies can be duplicated by others is called

Describe Barney's VRIO framework.

A core competency can be easily imitated to the extent that it is transparent, transferable, and replicable.

Strategic managers must be concerned with human resource management because

A functional structure is appropriate for a medium sized firm with several product lines in one industry.

Distinguish between continuous and intermittent manufacturing systems providing examples of each.

When a company's core competencies are superior to those of competitors, these are known as

When a company determines that a competency provides a competitive advantage, Barney refers to this issue as

Transferability is the ability of competitors to use duplicated resources and capabilities to imitate the other firm's success.

The second step in value chain analysis is to

The PRIMARY task of the manager of information systems is to

What is the attribute of corporate culture that is the degree to which members of a unit accept the norms, values, or other culture content associated with the unit?

________ is more valuable because it can provide companies with a sustainable competitive advantage that is harder for competitors to imitate.

Which of the following statements is True concerning clusters?

The business model used by HP in selling printers and printer cartridges is the

The impact of a specific change in sales volume on net operating income is referred to as the

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters