Question 1

________ 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 2

Knowledge that can be easily articulated and communicated is known as

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

eBay and Amazon.com have successfully used the efficiency model by acting as an intermediary to connect multiple sellers to multiple buyers.

Accepted Answer

A) True 
 B)False

Question 4

Continuous manufacturing systems reap benefits from economies of scale.

Accepted Answer

A) True 
 B)False

Question 5

The process of taking a new technology from the laboratory to the marketplace is called

Accepted Answer

A)  economies of scope versus operating leverage. 
B)  the R&D mix. 
C)  technological competence. 
D)  technology transfer. 
E)  technology discontinuity. 
A)  economies of scope versus operating leverage. 
B)  the R&D mix. 
C)  technological competence. 
D)  technology transfer. 
E)  technology discontinuity.

Question 6

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 7

Those critical strengths and weaknesses that are likely to determine if a firm will be able to take advantage of opportunities while avoiding threats are called

Accepted Answer

A)  SWOT. 
B)  competitive forces. 
C)  internal strategic factors. 
D)  quality accounting. 
E)  factor analysis. 
A)  SWOT. 
B)  competitive forces. 
C)  internal strategic factors. 
D)  quality accounting. 
E)  factor analysis.

Question 8

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 9

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 10

The mix in the workplace of people from different races,cultures,and backgrounds is referred to as

Accepted Answer

A)  demographics. 
B)  diversity. 
C)  quality of work life. 
D)  globalization. 
E)  internationalization. 
A)  demographics. 
B)  diversity. 
C)  quality of work life. 
D)  globalization. 
E)  internationalization.

Question 11

An automobile assembly line is an example of which approach to manufacturing?

Accepted Answer

A)  continuous system 
B)  debt capacity 
C)  sequential processing 
D)  job shop 
E)  intermittent system 
A)  continuous system 
B)  debt capacity 
C)  sequential processing 
D)  job shop 
E)  intermittent system

Question 12

Describe Barney's VRIO framework.

Accepted Answer

Barney,in his VRIO framework of analysis

Question 13

Tacit knowledge is harder than explicit knowledge for competitors to imitate.

Accepted Answer

A) True 
 B)False

Question 14

________ suggests that unit production costs decline by some fixed percent each time the total accumulated volume of production in units doubles.

Accepted Answer

A)  The experience curve 
B)  The R&D mix 
C)  Technological competence 
D)  Economy of scale 
E)  Economy of scope 
A)  The experience curve 
B)  The R&D mix 
C)  Technological competence 
D)  Economy of scale 
E)  Economy of scope

Question 15

An example of a cluster in the United States is computer technology found in the Silicon Valley.

Accepted Answer

A) True 
 B)False

Question 16

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 17

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 18

A company's capability in product R&D can be measured by consistent reductions in unit manufacturing costs and by the number of product defects.

Accepted Answer

A) True 
 B)False

Question 19

The particular combination of product,place,promotion,and price is called

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 20

It is generally accepted that process R&D normally dominates the early stages of a product's life cycle,whereas product R&D becomes especially important in the later stages.

Accepted Answer

A) True 
 B)False

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

Knowledge that can be easily articulated and communicated is known as

eBay and Amazon.com have successfully used the efficiency model by acting as an intermediary to connect multiple sellers to multiple buyers.

Continuous manufacturing systems reap benefits from economies of scale.

The process of taking a new technology from the laboratory to the marketplace is called

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

Those critical strengths and weaknesses that are likely to determine if a firm will be able to take advantage of opportunities while avoiding threats are called

The PRIMARY task of the manager of information systems is to

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

The mix in the workplace of people from different races,cultures,and backgrounds is referred to as

An automobile assembly line is an example of which approach to manufacturing?

Describe Barney's VRIO framework.

Tacit knowledge is harder than explicit knowledge for competitors to imitate.

________ suggests that unit production costs decline by some fixed percent each time the total accumulated volume of production in units doubles.

An example of a cluster in the United States is computer technology found in the Silicon Valley.

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

What are the two distinct attributes of corporate culture?

A company's capability in product R&D can be measured by consistent reductions in unit manufacturing costs and by the number of product defects.

The particular combination of product,place,promotion,and price is called

It is generally accepted that process R&D normally dominates the early stages of a product's life cycle,whereas product R&D becomes especially important in the later stages.

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

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

Knowledge that can be easily articulated and communicated is known as

eBay and Amazon.com have successfully used the efficiency model by acting as an intermediary to connect multiple sellers to multiple buyers.

Continuous manufacturing systems reap benefits from economies of scale.

The process of taking a new technology from the laboratory to the marketplace is called

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

Those critical strengths and weaknesses that are likely to determine if a firm will be able to take advantage of opportunities while avoiding threats are called

The PRIMARY task of the manager of information systems is to

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

The mix in the workplace of people from different races,cultures,and backgrounds is referred to as

An automobile assembly line is an example of which approach to manufacturing?

Describe Barney's VRIO framework.

Tacit knowledge is harder than explicit knowledge for competitors to imitate.

________ suggests that unit production costs decline by some fixed percent each time the total accumulated volume of production in units doubles.

An example of a cluster in the United States is computer technology found in the Silicon Valley.

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

What are the two distinct attributes of corporate culture?

A company's capability in product R&D can be measured by consistent reductions in unit manufacturing costs and by the number of product defects.

The particular combination of product,place,promotion,and price is called

It is generally accepted that process R&D normally dominates the early stages of a product's life cycle,whereas product R&D becomes especially important in the later stages.

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