Question 1

The best measure of company ability to meet imminent financial obligations is known as the

Accepted Answer

A)  debt ratio. 
B)  profit margin. 
C)  total asset turnover. 
D)  current ratio. 
A)  debt ratio. 
B)  profit margin. 
C)  total asset turnover. 
D)  current ratio.

Question 2

Inbound logistics include

Accepted Answer

A)  machining and packaging. 
B)  repair and parts supply. 
C)  promotion and packaging. 
D)  warehousing and inventory control. 
A)  machining and packaging. 
B)  repair and parts supply. 
C)  promotion and packaging. 
D)  warehousing and inventory control.

Question 3

A travel agent adds value by creating an itinerary that includes transportation,accommodations,and activities that are customized to your budget and travel dates.In terms of the value chain analysis,this is an example of a ____________ organization.

Accepted Answer

A)  retail 
B)  service 
C)  manufacturing 
D)  travel 
A)  retail 
B)  service 
C)  manufacturing 
D)  travel

Question 4

The three key types of resources that are central to the resource-based view of the firm are

Accepted Answer

A)  tangible resources, intangible resources, and organizational structure. 
B)  culture, tangible resources, intangible resources. 
C)  tangible resources, intangible resources, and organizational capabilities. 
D)  tangible resources, intangible resources, and top management. 
A)  tangible resources, intangible resources, and organizational structure. 
B)  culture, tangible resources, intangible resources. 
C)  tangible resources, intangible resources, and organizational capabilities. 
D)  tangible resources, intangible resources, and top management.

Question 5

In contrast to __________ interactions,which allow the firm to gain insights on the needs of a particular customer,___________ offers the opportunity to leverage the wisdom of a larger crowd.

Accepted Answer

A)  consumer; sourcing 
B)  prosumer; outsourcing 
C)  prosumer; crowdsourcing 
D)  marketing; crowdsourcing 
A)  consumer; sourcing 
B)  prosumer; outsourcing 
C)  prosumer; crowdsourcing 
D)  marketing; crowdsourcing

Question 6

Dell lost its competitive advantage by 2009 in part because it placed its efforts on operational excellence to the exclusion of reinvention.

Accepted Answer

A) True 
 B)False

Question 7

A primary benefit of the balanced scorecard is that it complements financial indicators with operational measures of customer satisfaction,internal processes,and the innovation and improvement activities of the organization.

Accepted Answer

A) True 
 B)False

Question 8

Regarding the value-chain concept,the most important interrelationship is between the organization and its

Accepted Answer

A)  board of directors. 
B)  employees. 
C)  management. 
D)  customers. 
A)  board of directors. 
B)  employees. 
C)  management. 
D)  customers.

Question 9

Value-chain analysis assumes that the basic economic purpose of a firm is to create value and it is a useful framework for analyzing the strengths and weaknesses of the firm.

Accepted Answer

A) True 
 B)False

Question 10

Inbound logistics include all activities associated with transforming inputs into the final product form such as machining,packaging,assembly,equipment,testing,printing,and facility operations.

Accepted Answer

A) True 
 B)False

Question 11

Company strengths and weaknesses are tied to its stated goals and objectives.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not a factor that helps to explain the extent to which employees and managers will be able to obtain a proportionately high level of the profits that they generate?

Accepted Answer

A)  Employees have high bargaining power. 
B)  The cost of employee replacement is high. 
C)  The cost of exit is high for an employee. 
D)  Managers have low bargaining power. 
A)  Employees have high bargaining power. 
B)  The cost of employee replacement is high. 
C)  The cost of exit is high for an employee. 
D)  Managers have low bargaining power.

Question 13

A meaningful ratio analysis need only include how ratios change over time.

Accepted Answer

A) True 
 B)False

Question 14

In considering the business from the customer perspective using the balanced scorecard,company performance is essential.

Accepted Answer

A) True 
 B)False

Question 15

Competition among organizations is played out over time.As circumstances,capabilities,and strategies change,_________ techniques do not reveal the dynamics of the competitive environment.

Accepted Answer

A)  transactional analysis 
B)  variable analysis 
C)  static analysis 
D)  continuous 
A)  transactional analysis 
B)  variable analysis 
C)  static analysis 
D)  continuous

Question 16

The current ratio is used to measure long-term solvency.

Accepted Answer

A) True 
 B)False

Question 17

The total debt ratio is used to measure profitability.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is a profitability ratio?

Accepted Answer

A)  current ratio 
B)  total debt ratio 
C)  total asset turnover 
D)  return on equity 
A)  current ratio 
B)  total debt ratio 
C)  total asset turnover 
D)  return on equity

Question 19

Patents,copyrights,and trademarks are intangible resources.

Accepted Answer

A) True 
 B)False

Question 20

Financial ratio analysis measures the performance of the firm based on all but which of the following?

Accepted Answer

A)  balance sheet 
B)  market valuation 
C)  income statement 
D)  industry comparison 
A)  balance sheet 
B)  market valuation 
C)  income statement 
D)  industry comparison

The best measure of company ability to meet imminent financial obligations is known as the

Inbound logistics include

A travel agent adds value by creating an itinerary that includes transportation,accommodations,and activities that are customized to your budget and travel dates.In terms of the value chain analysis,this is an example of a ____________ organization.

The three key types of resources that are central to the resource-based view of the firm are

In contrast to interactions,which allow the firm to gain insights on the needs of a particular customer,_ offers the opportunity to leverage the wisdom of a larger crowd.

Dell lost its competitive advantage by 2009 in part because it placed its efforts on operational excellence to the exclusion of reinvention.

A primary benefit of the balanced scorecard is that it complements financial indicators with operational measures of customer satisfaction,internal processes,and the innovation and improvement activities of the organization.

Regarding the value-chain concept,the most important interrelationship is between the organization and its

Value-chain analysis assumes that the basic economic purpose of a firm is to create value and it is a useful framework for analyzing the strengths and weaknesses of the firm.

Inbound logistics include all activities associated with transforming inputs into the final product form such as machining,packaging,assembly,equipment,testing,printing,and facility operations.

Company strengths and weaknesses are tied to its stated goals and objectives.

Which of the following is not a factor that helps to explain the extent to which employees and managers will be able to obtain a proportionately high level of the profits that they generate?

A meaningful ratio analysis need only include how ratios change over time.

In considering the business from the customer perspective using the balanced scorecard,company performance is essential.

Competition among organizations is played out over time.As circumstances,capabilities,and strategies change,_________ techniques do not reveal the dynamics of the competitive environment.

The current ratio is used to measure long-term solvency.

The total debt ratio is used to measure profitability.

Which of the following is a profitability ratio?

Patents,copyrights,and trademarks are intangible resources.

Financial ratio analysis measures the performance of the firm based on all but which of the following?

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 3: Assessing the Internal Environment of the Firm

The best measure of company ability to meet imminent financial obligations is known as the

Inbound logistics include

A travel agent adds value by creating an itinerary that includes transportation,accommodations,and activities that are customized to your budget and travel dates.In terms of the value chain analysis,this is an example of a ____________ organization.

The three key types of resources that are central to the resource-based view of the firm are

In contrast to __________ interactions,which allow the firm to gain insights on the needs of a particular customer,___________ offers the opportunity to leverage the wisdom of a larger crowd.

Dell lost its competitive advantage by 2009 in part because it placed its efforts on operational excellence to the exclusion of reinvention.

A primary benefit of the balanced scorecard is that it complements financial indicators with operational measures of customer satisfaction,internal processes,and the innovation and improvement activities of the organization.

Regarding the value-chain concept,the most important interrelationship is between the organization and its

Value-chain analysis assumes that the basic economic purpose of a firm is to create value and it is a useful framework for analyzing the strengths and weaknesses of the firm.

Inbound logistics include all activities associated with transforming inputs into the final product form such as machining,packaging,assembly,equipment,testing,printing,and facility operations.

Company strengths and weaknesses are tied to its stated goals and objectives.

Which of the following is not a factor that helps to explain the extent to which employees and managers will be able to obtain a proportionately high level of the profits that they generate?

A meaningful ratio analysis need only include how ratios change over time.

In considering the business from the customer perspective using the balanced scorecard,company performance is essential.

Competition among organizations is played out over time.As circumstances,capabilities,and strategies change,_________ techniques do not reveal the dynamics of the competitive environment.

The current ratio is used to measure long-term solvency.

The total debt ratio is used to measure profitability.

Which of the following is a profitability ratio?

Patents,copyrights,and trademarks are intangible resources.

Financial ratio analysis measures the performance of the firm based on all but which of the following?

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

In contrast to interactions,which allow the firm to gain insights on the needs of a particular customer,_ offers the opportunity to leverage the wisdom of a larger crowd.