Question 1

Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.

Accepted Answer

A) True 
 B)False

Question 2

An organization's culture compares to an individual's personality in the sense that no two organizations have the same culture and no two individuals have the same personality.

Accepted Answer

A) True 
 B)False

Question 3

Linkages between a firm's culture and strategies often determine success.

Accepted Answer

A) True 
 B)False

Question 4

What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?

Accepted Answer

A)  Motivating 
B)  Planning 
C)  Controlling 
D)  Staffing 
E)  Organizing 
A)  Motivating 
B)  Planning 
C)  Controlling 
D)  Staffing 
E)  Organizing

Question 5

Life-directing attitudes that serve as behavioral guidelines are called

Accepted Answer

A)  values. 
B)  rites. 
C)  beliefs. 
D)  metaphors. 
E)  legends. 
A)  values. 
B)  rites. 
C)  beliefs. 
D)  metaphors. 
E)  legends.

Question 6

The Internal Factor Evaluation Matrix should use a total of 20 internal factors.

Accepted Answer

A) True 
 B)False

Question 7

The process of performing an internal audit, compared to the external audit, provides more opportunity for participants to understand how their jobs, departments and divisions fit into the whole organization.

Accepted Answer

A) True 
 B)False

Question 8

In analyzing big data, there is a shift from focusing largely on outliers to also focusing on aggregates.

Accepted Answer

A) True 
 B)False

Question 9

The initial step to implementing value chain analysis is

Accepted Answer

A)  attaching a cost to each discrete activity. 
B)  establishing costs in terms of time. 
C)  establishing costs in terms of money. 
D)  converting the cost data into information by looking for competitive cost strengths and weaknesses. 
E)  dividing a firm's operations into specific activities or business processes. 
A)  attaching a cost to each discrete activity. 
B)  establishing costs in terms of time. 
C)  establishing costs in terms of money. 
D)  converting the cost data into information by looking for competitive cost strengths and weaknesses. 
E)  dividing a firm's operations into specific activities or business processes.

Question 10

In 2014-2016, companies are aggressively boosting their dividends paid to shareholders.

Accepted Answer

A) True 
 B)False

Question 11

Metaphors are

Accepted Answer

A)  several rites connected together. 
B)  shorthand of words used to capture a vision or to reinforce old or new values. 
C)  narratives based on true events. 
D)  fictional stories. 
E)  any objects, acts, events, qualities, or relations used to convey meaning. 
A)  several rites connected together. 
B)  shorthand of words used to capture a vision or to reinforce old or new values. 
C)  narratives based on true events. 
D)  fictional stories. 
E)  any objects, acts, events, qualities, or relations used to convey meaning.

Question 12

The purpose of organizing is to achieve coordinated effort by defining task and authority relationships.

Accepted Answer

A) True 
 B)False

Question 13

For many firms a key decision with great bearing on Research and Development (R&D) spending is whether to be a "first mover" or a

Accepted Answer

A)  "first activator." 
B)  "second mover." 
C)  "average player." 
D)  "tech leader." 
E)  "late follower." 
A)  "first activator." 
B)  "second mover." 
C)  "average player." 
D)  "tech leader." 
E)  "late follower."

Question 14

According to William King, a task force of managers from different units of the organization should be charged with determining the 20 most important strengths and weaknesses that should influence the future of the organization.

Accepted Answer

A) True 
 B)False

Question 15

________ management deals with inputs, transformations, and outputs that vary across industries and markets.

Accepted Answer

A)  Marketing 
B)  Financial 
C)  Research and development 
D)  Production and operations 
E)  Information systems 
A)  Marketing 
B)  Financial 
C)  Research and development 
D)  Production and operations 
E)  Information systems

Question 16

Motivation can explain why some people work hard and others do not.

Accepted Answer

A) True 
 B)False

Question 17

Distribution includes

Accepted Answer

A)  customer analysis. 
B)  pricing. 
C)  warehousing. 
D)  advertising. 
E)  test marketing. 
A)  customer analysis. 
B)  pricing. 
C)  warehousing. 
D)  advertising. 
E)  test marketing.

Question 18

During the 2015 Super Bowl, a 30-second advertisement cost over $4 million.

Accepted Answer

A) True 
 B)False

Question 19

Allocating resources is one of the five basic activities (functions) performed by managers.

Accepted Answer

A) True 
 B)False

Question 20

Cultural products include values, beliefs, stories, and language.

Accepted Answer

A) True 
 B)False

Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.

An organization's culture compares to an individual's personality in the sense that no two organizations have the same culture and no two individuals have the same personality.

Linkages between a firm's culture and strategies often determine success.

What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?

Life-directing attitudes that serve as behavioral guidelines are called

The Internal Factor Evaluation Matrix should use a total of 20 internal factors.

The process of performing an internal audit, compared to the external audit, provides more opportunity for participants to understand how their jobs, departments and divisions fit into the whole organization.

In analyzing big data, there is a shift from focusing largely on outliers to also focusing on aggregates.

The initial step to implementing value chain analysis is

In 2014-2016, companies are aggressively boosting their dividends paid to shareholders.

Metaphors are

The purpose of organizing is to achieve coordinated effort by defining task and authority relationships.

For many firms a key decision with great bearing on Research and Development (R&D) spending is whether to be a "first mover" or a

According to William King, a task force of managers from different units of the organization should be charged with determining the 20 most important strengths and weaknesses that should influence the future of the organization.

________ management deals with inputs, transformations, and outputs that vary across industries and markets.

Motivation can explain why some people work hard and others do not.

Distribution includes

During the 2015 Super Bowl, a 30-second advertisement cost over $4 million.

Allocating resources is one of the five basic activities (functions) performed by managers.

Cultural products include values, beliefs, stories, and language.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 4: The Internal Assessment

Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.

An organization's culture compares to an individual's personality in the sense that no two organizations have the same culture and no two individuals have the same personality.

Linkages between a firm's culture and strategies often determine success.

What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?

Life-directing attitudes that serve as behavioral guidelines are called

The Internal Factor Evaluation Matrix should use a total of 20 internal factors.

The process of performing an internal audit, compared to the external audit, provides more opportunity for participants to understand how their jobs, departments and divisions fit into the whole organization.

In analyzing big data, there is a shift from focusing largely on outliers to also focusing on aggregates.

The initial step to implementing value chain analysis is

In 2014-2016, companies are aggressively boosting their dividends paid to shareholders.

Metaphors are

The purpose of organizing is to achieve coordinated effort by defining task and authority relationships.

For many firms a key decision with great bearing on Research and Development (R&D) spending is whether to be a "first mover" or a

According to William King, a task force of managers from different units of the organization should be charged with determining the 20 most important strengths and weaknesses that should influence the future of the organization.

________ management deals with inputs, transformations, and outputs that vary across industries and markets.

Motivation can explain why some people work hard and others do not.

Distribution includes

During the 2015 Super Bowl, a 30-second advertisement cost over $4 million.

Allocating resources is one of the five basic activities (functions) performed by managers.

Cultural products include values, beliefs, stories, and language.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Strategy Review, Evaluation, and Control

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters