Question 1

What is R&D intensity?

Accepted Answer

A company's R&D intensity is t

Question 2

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 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

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 5

A linked set of value-creating activities beginning with basic materials provided by suppliers and ending with distributors getting the final product into the hands of the ultimate consumer is called a

Accepted Answer

A)  value chain. 
B)  continuum of sustainability. 
C)  strategic capability. 
D)  fully integrated activity set. 
E)  strategic group. 
A)  value chain. 
B)  continuum of sustainability. 
C)  strategic capability. 
D)  fully integrated activity set. 
E)  strategic group.

Question 6

Which of the following is NOT a responsibility of a research and development manager?

Accepted Answer

A)  choosing among alternative new technologies to use within the corporation 
B)  developing methods of embodying the new technology in new products and processes 
C)  deploying resources so that the new technology can be successfully implemented 
D)  taking the design and operationalizing the plan into mass production 
E)  suggesting and implementing a corporation's technological strategy in light of its corporate objectives and policies 
A)  choosing among alternative new technologies to use within the corporation 
B)  developing methods of embodying the new technology in new products and processes 
C)  deploying resources so that the new technology can be successfully implemented 
D)  taking the design and operationalizing the plan into mass production 
E)  suggesting and implementing a corporation's technological strategy in light of its corporate objectives and policies

Question 7

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 most appropriate for large corporations with many product lines in several unrelated industries; unrelatedness prevents any 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; unrelatedness prevents any attempt at gaining synergy among the divisions.

Question 8

In Christensen's book, The Innovator's Dilemma, he explains that managers remain with certain technologies based on

Accepted Answer

A)  return of investment. 
B)  net present value. 
C)  cost reduction. 
D)  total operating expenses. 
E)  time spent during technology implementation. 
A)  return of investment. 
B)  net present value. 
C)  cost reduction. 
D)  total operating expenses. 
E)  time spent during technology implementation.

Question 9

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 10

When employees across the organization hold the same cultural values and norms, this demonstrates a high level of cultural integration.

Accepted Answer

A) True 
 B)False

Question 11

________ 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 12

When a company takes apart a competitor's product in order to find out how it works, this process is known as

Accepted Answer

A)  durability. 
B)  replicability. 
C)  reverse engineering. 
D)  transparency. 
E)  transferability. 
A)  durability. 
B)  replicability. 
C)  reverse engineering. 
D)  transparency. 
E)  transferability.

Question 13

An example of an intermittent manufacturing system is an auto body repair shop.

Accepted Answer

A) True 
 B)False

Question 14

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 15

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 16

A divisional structure has no functional or product categories and is appropriate for a small, entrepreneur-dominated company with one or two product lines that operates in a reasonably small, easily identifiable market niche.

Accepted Answer

A) True 
 B)False

Question 17

New product development would be a core competency if it goes beyond one division.

Accepted Answer

A) True 
 B)False

Question 18

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 19

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

Accepted Answer

Corporate culture is the collection of b

Question 20

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.

What is R&D intensity?

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.

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

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?

A linked set of value-creating activities beginning with basic materials provided by suppliers and ending with distributors getting the final product into the hands of the ultimate consumer is called a

Which of the following is NOT a responsibility of a research and development manager?

Which one of the following best describes a conglomerate structure?

In Christensen's book, The Innovator's Dilemma, he explains that managers remain with certain technologies based on

Strategic managers must be concerned with human resource management because

When employees across the organization hold the same cultural values and norms, this demonstrates a high level of cultural integration.

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

When a company takes apart a competitor's product in order to find out how it works, this process is known as

An example of an intermittent manufacturing system is an auto body repair shop.

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

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

A divisional structure has no functional or product categories and is appropriate for a small, entrepreneur-dominated company with one or two product lines that operates in a reasonably small, easily identifiable market niche.

New product development would be a core competency if it goes beyond one division.

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

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

The ratio of total debt to total assets is known as

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

What is R&D intensity?

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.

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

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?

A linked set of value-creating activities beginning with basic materials provided by suppliers and ending with distributors getting the final product into the hands of the ultimate consumer is called a

Which of the following is NOT a responsibility of a research and development manager?

Which one of the following best describes a conglomerate structure?

In Christensen's book, The Innovator's Dilemma, he explains that managers remain with certain technologies based on

Strategic managers must be concerned with human resource management because

When employees across the organization hold the same cultural values and norms, this demonstrates a high level of cultural integration.

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

When a company takes apart a competitor's product in order to find out how it works, this process is known as

An example of an intermittent manufacturing system is an auto body repair shop.

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

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

A divisional structure has no functional or product categories and is appropriate for a small, entrepreneur-dominated company with one or two product lines that operates in a reasonably small, easily identifiable market niche.

New product development would be a core competency if it goes beyond one division.

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

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

The ratio of total debt to total assets is known as

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