Question 1

The resource-based view considers the set of resources available to the organization as a secondary driver of the business strategy.

Accepted Answer

A) True 
 B)False

Question 2

Value can be added to an entity in all the following ways,EXCEPT:

Accepted Answer

A) Altering 
B) Facilitating 
C) Storing 
D) Transporting

Question 3

Quality typically implies reliability.

Accepted Answer

A) True 
 B)False

Question 4

Generally speaking,products are characterized by immediate consumption.

Accepted Answer

A) True 
 B)False

Question 5

A renovation activity is any physical entity accompanying a transformation that adds value.

Accepted Answer

A) True 
 B)False

Question 6

Inputs in a bank's production system may include:

Accepted Answer

A) Loan default rates and the environment 
B) Interest rates and wage rates 
C) Checks and deposits 
D) Federal Reserve decisions and the economy

Question 7

Operations only include those activities associated specifically with the production system.

Accepted Answer

A) True 
 B)False

Exam 1: Operations Strategy and Global Competitiveness

The resource-based view considers the set of resources available to the organization as a secondary driver of the business strategy.