Question 1

Which of the following is not one of the four question areas Barney proposes in his VRIO framework used to evaluate a firm's key resources?

Accepted Answer

A)  organization 
B)  durability 
C)  rareness 
D)  valuable 
E)  imitability 
A)  organization 
B)  durability 
C)  rareness 
D)  valuable 
E)  imitability

Question 2

The rate at which others can duplicate a firm's underlying resources,capabilities,or core competencies 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 3

The resources of an organization include tangible assets,human assets,and intangible assets.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following describes a typical functional structure?

Accepted Answer

A)  Employees tend to be specialists in the business functions important to that industry such 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 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 specialists but with no attempt at gaining synergy among the divisions. 
A)  Employees tend to be specialists in the business functions important to that industry such 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 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 specialists but with no attempt at gaining synergy among the divisions.

Question 5

A corporation's ability to exploit its resources is referred to as its

Accepted Answer

A)  business expertise. 
B)  capabilities. 
C)  core competencies. 
D)  critical success factors. 
E)  key performance factors. 
A)  business expertise. 
B)  capabilities. 
C)  core competencies. 
D)  critical success factors. 
E)  key performance factors.

Question 6

Which of the following terms best describes a system in which items are normally processed sequentially,but the work and sequence of the process vary?

Accepted Answer

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

Question 7

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 8

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 9

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

Accepted Answer

A)  procurement 
B)  technology development 
C)  human resource management 
D)  marketing and sales 
E)  strategic planning 
A)  procurement 
B)  technology development 
C)  human resource management 
D)  marketing and sales 
E)  strategic planning

Question 10

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 11

Which of the following is not a function of corporate culture?

Accepted Answer

A)  conveys a sense of identity for employees 
B)  adds to the stability of the organization as a social system 
C)  helps generate employee commitment to something greater than themselves 
D)  keeps people guessing about what to do next 
E)  serves as a frame of reference for employees to use as a guide for appropriate behavior 
A)  conveys a sense of identity for employees 
B)  adds to the stability of the organization as a social system 
C)  helps generate employee commitment to something greater than themselves 
D)  keeps people guessing about what to do next 
E)  serves as a frame of reference for employees to use as a guide for appropriate behavior

Question 12

Flexible manufacturing emphasizes

Accepted Answer

A)  high-volume output of mass-produced products. 
B)  the cost advantages of an intermittent system with the customer-oriented advantages of a continuous system. 
C)  the learning curve is longer since technology is automated. 
D)  economies of scope over economies of scale. 
E)  economies of scale over economies of scope. 
A)  high-volume output of mass-produced products. 
B)  the cost advantages of an intermittent system with the customer-oriented advantages of a continuous system. 
C)  the learning curve is longer since technology is automated. 
D)  economies of scope over economies of scale. 
E)  economies of scale over economies of scope.

Question 13

Since competitors were not able to understand how Gillette's Fusion razor was produced,it was considered transparent.

Accepted Answer

A) True 
 B)False

Question 14

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 15

A value chain is a linked set of value-creating activities.

Accepted Answer

A) True 
 B)False

Question 16

The attempt to hire brand managers away from P&G to learn how to duplicate the firm's brand management success is a competitor's attempt to address replicability.

Accepted Answer

A) True 
 B)False

Question 17

What is corporate culture and what are the two distinct attributes of culture?

Accepted Answer

Corporate culture is the collection of b

Question 18

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 19

On the continuum of resource sustainability,where would streaming movies be placed?

Accepted Answer

A)  slow-cycle resources 
B)  sustainable resources 
C)  standard-cycle resources 
D)  fast-cycle resources 
E)  down-cycle resources 
A)  slow-cycle resources 
B)  sustainable resources 
C)  standard-cycle resources 
D)  fast-cycle resources 
E)  down-cycle resources

Question 20

Knowledge that is not easily communicated because it is deeply rooted in employee experience or in a corporation's culture is called

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.

Which of the following is not one of the four question areas Barney proposes in his VRIO framework used to evaluate a firm's key resources?

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

The resources of an organization include tangible assets,human assets,and intangible assets.

Which of the following describes a typical functional structure?

A corporation's ability to exploit its resources is referred to as its

Which of the following terms best describes a system in which items are normally processed sequentially,but the work and sequence of the process vary?

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

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?

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

Which of the following best describes a simple structure?

Which of the following is not a function of corporate culture?

Flexible manufacturing emphasizes

Since competitors were not able to understand how Gillette's Fusion razor was produced,it was considered transparent.

Which of the following is a function of corporate culture?

A value chain is a linked set of value-creating activities.

The attempt to hire brand managers away from P&G to learn how to duplicate the firm's brand management success is a competitor's attempt to address replicability.

What is corporate culture and what are the two distinct attributes of culture?

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

On the continuum of resource sustainability,where would streaming movies be placed?

Knowledge that is not easily communicated because it is deeply rooted in employee experience or in a corporation's culture is called

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

Which of the following is not one of the four question areas Barney proposes in his VRIO framework used to evaluate a firm's key resources?

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

The resources of an organization include tangible assets,human assets,and intangible assets.

Which of the following describes a typical functional structure?

A corporation's ability to exploit its resources is referred to as its

Which of the following terms best describes a system in which items are normally processed sequentially,but the work and sequence of the process vary?

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

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?

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

Which of the following best describes a simple structure?

Which of the following is not a function of corporate culture?

Flexible manufacturing emphasizes

Since competitors were not able to understand how Gillette's Fusion razor was produced,it was considered transparent.

Which of the following is a function of corporate culture?

A value chain is a linked set of value-creating activities.

The attempt to hire brand managers away from P&G to learn how to duplicate the firm's brand management success is a competitor's attempt to address replicability.

What is corporate culture and what are the two distinct attributes of culture?

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

On the continuum of resource sustainability,where would streaming movies be placed?

Knowledge that is not easily communicated because it is deeply rooted in employee experience or in a corporation's culture is called

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