Question 1

The use of information technology (e.g. ,email)has increased in recent years in many organizations.This has helped to

Accepted Answer

A) make more effective use of time in every situation. 
B) communicate information efficiently. 
C) restrict social network growth. 
D) create smaller social networks.

Question 2

According to the resource-based view of the firm,competitive advantages are ________ for competitors to copy,if they are based on unique bundles of resources.

Accepted Answer

A) easier 
B) faster 
C) harder 
D) more reliable

Question 3

Human capital includes

Accepted Answer

A) the relationships between people. 
B) an improved product or service. 
C) capabilities,knowledge,and skills of an individual. 
D) the output from assembly line employees.

Question 4

In social network analysis,the importance of ties connecting heterogeneous people that help to ensure a wide range of diversity in information and perspective is known as

Accepted Answer

A) closure. 
B) social supports. 
C) redundancy. 
D) bridging relationships.

Question 5

It is anticipated that the worldwide shortage of highly skilled,college-educated workers will increase significantly by 2020,according to research by McKinsey Global Institute.Some companies are going as far as to redefine the jobs of their experts and are transferring some of their tasks to lower-skilled people inside and outside of their companies.By redefining these ________ knowledge jobs,they address ________ shortages and ________ costs while enhancing job satisfaction.

Accepted Answer

A) high-value;skill;lower 
B) low-value;monetary;decrease 
C) high-value;personnel;increase 
D) high-value;skill;increase

Question 6

Which of the following reasons explains why painter Vincent van Gogh died penniless,while painter Pablo Picasso left a 740 million USD estate upon his death?

Accepted Answer

A) Van Gogh had a wider range of social connections. 
B) Picasso had a wider range of social connections and bridging relationships. 
C) Picasso was a solitary node with few connections. 
D) Van Gogh was a hub who embedded himself in a vast network that stretched across various social lines.

Question 7

Professionals frequently leave Microsoft en masse to form venture capital and technology start-ups,called Baby Bills,built around teams of software developers.This is an example of ________ causing human capital mobility.

Accepted Answer

A) formal relationships 
B) social relationships 
C) tacit knowledge 
D) intellectual capital

Question 8

SAP uses ________ to leverage the expertise and involvement of its users in developing new knowledge and then transmitting it to the entire SAP user community.

Accepted Answer

A) tacit knowledge 
B) crowdsourcing 
C) algorithms 
D) intellectual capital

Question 9

Technical skills are a necessary and sufficient condition for hiring an employee.

Accepted Answer

A) True 
 B)False

Question 10

The management of intellectual property involves all of the following except

Accepted Answer

A) copyrights and trademark. 
B) contracts with confidentiality and non-compete clauses. 
C) converting explicit knowledge to tacit knowledge. 
D) patents.

Question 11

Social network analysis is helpful because the configuration of the group member social ties within and outside the group affects the extent to which members connect to individuals who do all of the following except

Accepted Answer

A) convey needed resources. 
B) have the opportunity to exchange information and support. 
C) ensure that everyone has the same perspective on strategic and operational issues. 
D) have the motivation to treat each other in positive ways.

Question 12

Companies that take hiring seriously must also take ________ seriously because having the right job candidates is important.

Accepted Answer

A) training 
B) recruiting 
C) development 
D) profitability

Question 13

The best protection for intellectual property in the long run is likely to be the development of

Accepted Answer

A) new products. 
B) stronger patents. 
C) dynamic capabilities. 
D) international patents.

Question 14

Intellectual property rights are ________ to define and protect than property rights for physical assets (e.g. ,plant,equipment,and land).

Accepted Answer

A) easier 
B) more costly 
C) more difficult 
D) less difficult

Question 15

Developing and protecting social capital requires independence,in which individuals must spend most of their time working individually.

Accepted Answer

A) True 
 B)False

Question 16

Knowledge-based resources tend to be more ________ in nature and therefore they are ________ difficult to protect against loss (i.e. ,the individual quitting the organization)than other types of capital,such as equipment,machinery,and land.

Accepted Answer

A) explicit;less 
B) explicitly;more 
C) tacit;more 
D) tacit;less

Question 17

Software algorithms are a form of ________ that,once developed and paid for,can be reused many times at a very low cost.

Accepted Answer

A) tacit asset 
B) intangible asset 
C) knowledge asset 
D) social asset

Question 18

Using an idea does not prevent others from simultaneously using it for their own benefit.Typically,this is impossible with ________ assets.

Accepted Answer

A) intangible 
B) strong 
C) physical 
D) flimsy

Question 19

Which of the following firms would you expect to have the highest ratio of market value to book value?

Accepted Answer

A) General Motors 
B) Intel 
C) Microsoft 
D) Nucor

Question 20

Sharing knowledge and information throughout the organization is important for conserving resources,developing products and services,and thwarting new opportunity creation.

Accepted Answer

A) True 
 B)False

Exam 4: Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

The use of information technology (e.g. ,email) has increased in recent years in many organizations.This has helped to

According to the resource-based view of the firm,competitive advantages are ________ for competitors to copy,if they are based on unique bundles of resources.

Human capital includes

In social network analysis,the importance of ties connecting heterogeneous people that help to ensure a wide range of diversity in information and perspective is known as

Which of the following reasons explains why painter Vincent van Gogh died penniless,while painter Pablo Picasso left a 740 million USD estate upon his death?

Professionals frequently leave Microsoft en masse to form venture capital and technology start-ups,called Baby Bills,built around teams of software developers.This is an example of ________ causing human capital mobility.

SAP uses ________ to leverage the expertise and involvement of its users in developing new knowledge and then transmitting it to the entire SAP user community.

Technical skills are a necessary and sufficient condition for hiring an employee.

The management of intellectual property involves all of the following except

Social network analysis is helpful because the configuration of the group member social ties within and outside the group affects the extent to which members connect to individuals who do all of the following except

Companies that take hiring seriously must also take ________ seriously because having the right job candidates is important.

The best protection for intellectual property in the long run is likely to be the development of

Intellectual property rights are ________ to define and protect than property rights for physical assets (e.g. ,plant,equipment,and land) .

Developing and protecting social capital requires independence,in which individuals must spend most of their time working individually.

Knowledge-based resources tend to be more in nature and therefore they are difficult to protect against loss (i.e. ,the individual quitting the organization) than other types of capital,such as equipment,machinery,and land.

Software algorithms are a form of ________ that,once developed and paid for,can be reused many times at a very low cost.

Using an idea does not prevent others from simultaneously using it for their own benefit.Typically,this is impossible with ________ assets.

Which of the following firms would you expect to have the highest ratio of market value to book value?

Sharing knowledge and information throughout the organization is important for conserving resources,developing products and services,and thwarting new opportunity creation.

Exam 4: Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

The use of information technology (e.g. ,email) has increased in recent years in many organizations.This has helped to

According to the resource-based view of the firm,competitive advantages are ________ for competitors to copy,if they are based on unique bundles of resources.

Human capital includes

In social network analysis,the importance of ties connecting heterogeneous people that help to ensure a wide range of diversity in information and perspective is known as

Which of the following reasons explains why painter Vincent van Gogh died penniless,while painter Pablo Picasso left a 740 million USD estate upon his death?

Professionals frequently leave Microsoft en masse to form venture capital and technology start-ups,called Baby Bills,built around teams of software developers.This is an example of ________ causing human capital mobility.

SAP uses ________ to leverage the expertise and involvement of its users in developing new knowledge and then transmitting it to the entire SAP user community.

Technical skills are a necessary and sufficient condition for hiring an employee.

The management of intellectual property involves all of the following except

Social network analysis is helpful because the configuration of the group member social ties within and outside the group affects the extent to which members connect to individuals who do all of the following except

Companies that take hiring seriously must also take ________ seriously because having the right job candidates is important.

The best protection for intellectual property in the long run is likely to be the development of

Intellectual property rights are ________ to define and protect than property rights for physical assets (e.g. ,plant,equipment,and land) .

Developing and protecting social capital requires independence,in which individuals must spend most of their time working individually.

Knowledge-based resources tend to be more ________ in nature and therefore they are ________ difficult to protect against loss (i.e. ,the individual quitting the organization) than other types of capital,such as equipment,machinery,and land.

Software algorithms are a form of ________ that,once developed and paid for,can be reused many times at a very low cost.

Using an idea does not prevent others from simultaneously using it for their own benefit.Typically,this is impossible with ________ assets.

Which of the following firms would you expect to have the highest ratio of market value to book value?

Sharing knowledge and information throughout the organization is important for conserving resources,developing products and services,and thwarting new opportunity creation.

Knowledge-based resources tend to be more in nature and therefore they are difficult to protect against loss (i.e. ,the individual quitting the organization) than other types of capital,such as equipment,machinery,and land.