Exam 1: What Is Strategy

The minimum wage in the country of New Morland is $8 an hour.Odion,a restaurant in New Morland's capital city,pays its servers $8 per hour.However,the management of the restaurant feels that this amount is excessive for workers whose only job is to clear tables.By continuing to adhere to the rules set by the government of New Morland,which of the following responsibilities is Odion satisfying?

Javier,a retired CEO,invests capital in a start-up company that creates budgeting software.He mentors the entrepreneur and the employees of the company because he wants the company to perform well and survive in the market.Thus,Javier is the start-up company's

Van Dyke's Fashion Inc.,a company that manufactures clothing,incurs higher costs because of its refusal to build factories in countries where child labor is prevalent.This reflects Van Dyke's Fashion's _____ responsibility.

In the AFI strategy framework,strategy analysis primarily involves

The management of Five Square Corp.wants to reduce the separation between ownership (by shareholders)and control of the firm (by professional managers).Which of the following practices would best help the company do this?

The board at TriCom Manufacturing Corp.has decided to allocate 20 percent of the company's shares to its workforce,at a discounted price.Apart from being a valued investment,the plan will allow the employees to take personal responsibility for the firm's performance.Which of the following employee incentive schemes does this best illustrate?

Which of the following is not a stakeholder attribute that managers consider during stakeholder impact analysis?

Which of the following is not an example of a black swan event?

Organic Food Inc.,a multinational company,relies on its media partner Radio Plus to regularly advertise its offers,sales,and new products.Radio Plus is invested in this relationship because it generates most of its revenue from advertising Organic Food's products.In this scenario,Radio Plus is Organic Food Inc.'s

Which of the following is an example of fulfilling philanthropic responsibilities?

Rapida Inc.and Click Inc.are two companies that have been manufacturing typewriters for almost 30 years.Due to the reduced demand for typewriters today,both companies' average return on invested capital is approximately -5 percent.The current industry average is 2 percent.In this scenario,Rapida Inc.and Click Inc.most likely have

Which of the following statements about a firm's stakeholders is true?

Which of the following is an accurate statement about the relationship between firm effects and industry effects?

During an AFI planning session,the managers of the Fukuhara Motorcyle Corporation decided to place various stages of production in different countries.By doing this,what issue did the firm address?

Patterson Foods Inc.was the first company to start selling energy bars in its country-a product that gained popularity among diverse groups.Soon,other companies started to sell their own brands of energy bars,thereby giving Patterson Foods ample competition.In response,Patterson Foods decided to limit its variety of energy bars to only four.However,it ensured that these four varieties were low in calories and low in cost.With this innovation,Patterson Foods Inc.consistently outperformed its competitors for ten years.In this scenario,Patterson Foods Inc.maintained a _____ through its innovative strategy.

Which of the following is an example of a firm's external stakeholder?

A firm's stakeholder strategy primarily allows the firm to

Stakeholder impact analysis primarily helps a firm

A core tenet of stakeholder strategy is that a

A firm that achieves superior performance relative to other firms in the same industry or the industry average has a(n)