Question 1

Discuss primary and support activities in a value chain.

Accepted Answer

Porter proposed that a corporation's val

Question 2

________ 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 3

The ratio of total debt to total assets is known as

Accepted Answer

A)  budgeting leverage. 
B)  capital finance. 
C)  capital budgeting. 
D)  financial leverage. 
E)  financial budgeting. 
A)  budgeting leverage. 
B)  capital finance. 
C)  capital budgeting. 
D)  financial leverage. 
E)  financial budgeting.

Question 4

Which of the following is not one of the four methods to improve the corporation's quality of work life?

Accepted Answer

A)  improve the work environment 
B)  introduce participative problem solving 
C)  improve the responsiveness of management 
D)  introduce innovative reward systems 
E)  restructuring work 
A)  improve the work environment 
B)  introduce participative problem solving 
C)  improve the responsiveness of management 
D)  introduce innovative reward systems 
E)  restructuring work

Question 5

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 geographically dispersed companies operating within the same industry. 
C)  The United States does not have any clusters; they are all located in Europe. 
D)  According to Porter, clusters provide barriers to the access of employees, suppliers, and specialized information. 
E)  Employees from competitive firms in a cluster are not permitted to socialize with one another. 
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 geographically dispersed companies operating within the same industry. 
C)  The United States does not have any clusters; they are all located in Europe. 
D)  According to Porter, clusters provide barriers to the access of employees, suppliers, and specialized information. 
E)  Employees from competitive firms in a cluster are not permitted to socialize with one another.

Question 6

Define a value chain and the significance of the center of gravity.

Accepted Answer

A value chain is a linked set of value-c

Question 7

Which of the following is a function of corporate culture?

Accepted Answer

A)  It encourages a laissez faire set of attitudes. 
B)  It encourages flexibility and thus constant change. 
C)  It conveys a sense of identity for employees. 
D)  It generates creative approaches to new situations. 
E)  It focuses employee commitment on their careers. 
A)  It encourages a laissez faire set of attitudes. 
B)  It encourages flexibility and thus constant change. 
C)  It conveys a sense of identity for employees. 
D)  It generates creative approaches to new situations. 
E)  It focuses employee commitment on their careers.

Question 8

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 9

Continuous manufacturing systems reap benefits from economies of scale.

Accepted Answer

A) True 
 B)False

Question 10

General Electric is well known for its distinctive competency in management development.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following best describes a simple structure?

Accepted Answer

A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is most appropriate for large corporations with many product lines in several unrelated industries, with employees acting as functional specialists but with no attempt at gaining synergy among the divisions. 
A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is most appropriate for large corporations with many product lines in several unrelated industries, with employees acting as functional specialists but with no attempt at gaining synergy among the divisions.

Question 12

A company's center of gravity is the part of the value chain that is most important to the company and the point where its greatest expertise and core competencies lie.

Accepted Answer

A) True 
 B)False

Question 13

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

Accepted Answer

A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage. 
A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage.

Question 14

The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's

Accepted Answer

A)  functional crossroads. 
B)  center of gravity. 
C)  dynamic equilibrium. 
D)  R&D intensity. 
E)  economy of scope. 
A)  functional crossroads. 
B)  center of gravity. 
C)  dynamic equilibrium. 
D)  R&D intensity. 
E)  economy of scope.

Question 15

According to the text,which one of the following is not descriptive of a corporation's culture?

Accepted Answer

A)  A corporation's culture is a collection of beliefs, expectations, and values learned and shared by the corporation's members and transmitted from one generation of employees to another. 
B)  Corporate cultures are only temporary and can be easily changed. 
C)  Culture gives a company a sense of identity. 
D)  The culture reflects the company's values. 
E)  Cultures have a powerful influence on the behavior of managers and can strongly affect a corporation's ability to shift its strategic direction. 
A)  A corporation's culture is a collection of beliefs, expectations, and values learned and shared by the corporation's members and transmitted from one generation of employees to another. 
B)  Corporate cultures are only temporary and can be easily changed. 
C)  Culture gives a company a sense of identity. 
D)  The culture reflects the company's values. 
E)  Cultures have a powerful influence on the behavior of managers and can strongly affect a corporation's ability to shift its strategic direction.

Question 16

Which one of the following best describes a conglomerate structure?

Accepted Answer

A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is appropriate for a large corporation with many product lines in several unrelated industries. 
A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is appropriate for a large corporation with many product lines in several unrelated industries.

Question 17

As compared to a firm with low financial leverage,a firm with a high amount of financial leverage in an expanding market should have

Accepted Answer

A)  lower profits. 
B)  higher profits. 
C)  higher earnings per share. 
D)  lower earnings per share. 
E)  higher sales revenue. 
A)  lower profits. 
B)  higher profits. 
C)  higher earnings per share. 
D)  lower earnings per share. 
E)  higher sales revenue.

Question 18

Flexible manufacturing permits the low-volume output of custom-tailored products at relatively low unit costs through economies of scope.

Accepted Answer

A) True 
 B)False

Question 19

What are the two distinct attributes of corporate culture?

Accepted Answer

A)  differentiation and integration 
B)  durability and imitability 
C)  concern for people and concern for task 
D)  intensity and integration 
E)  amount of complexity and tolerance of change 
A)  differentiation and integration 
B)  durability and imitability 
C)  concern for people and concern for task 
D)  intensity and integration 
E)  amount of complexity and tolerance of change

Question 20

According to Barney's VRIO framework,the firm's exploitation of a competency pertains to

Accepted Answer

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

Discuss primary and support activities in a value chain.

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

The ratio of total debt to total assets is known as

Which of the following is not one of the four methods to improve the corporation's quality of work life?

Which of the following statements is true concerning clusters?

Define a value chain and the significance of the center of gravity.

Which of the following is a function of corporate culture?

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

Continuous manufacturing systems reap benefits from economies of scale.

General Electric is well known for its distinctive competency in management development.

Which of the following best describes a simple structure?

A company's center of gravity is the part of the value chain that is most important to the company and the point where its greatest expertise and core competencies lie.

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's

According to the text,which one of the following is not descriptive of a corporation's culture?

Which one of the following best describes a conglomerate structure?

As compared to a firm with low financial leverage,a firm with a high amount of financial leverage in an expanding market should have

Flexible manufacturing permits the low-volume output of custom-tailored products at relatively low unit costs through economies of scope.

What are the two distinct attributes of corporate culture?

According to Barney's VRIO framework,the firm's exploitation of a competency pertains to

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 5: Organizational Analysis and Competitive Advantage

Discuss primary and support activities in a value chain.

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

The ratio of total debt to total assets is known as

Which of the following is not one of the four methods to improve the corporation's quality of work life?

Which of the following statements is true concerning clusters?

Define a value chain and the significance of the center of gravity.

Which of the following is a function of corporate culture?

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

Continuous manufacturing systems reap benefits from economies of scale.

General Electric is well known for its distinctive competency in management development.

Which of the following best describes a simple structure?

A company's center of gravity is the part of the value chain that is most important to the company and the point where its greatest expertise and core competencies lie.

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's

According to the text,which one of the following is not descriptive of a corporation's culture?

Which one of the following best describes a conglomerate structure?

As compared to a firm with low financial leverage,a firm with a high amount of financial leverage in an expanding market should have

Flexible manufacturing permits the low-volume output of custom-tailored products at relatively low unit costs through economies of scope.

What are the two distinct attributes of corporate culture?

According to Barney's VRIO framework,the firm's exploitation of a competency pertains to

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters