.0001pt;”>Review Test Submission: Exam 1 Spring 15Content
Course
2015SP*MNGT*691*301
(Bus Policies and Proced)
Test
Exam
1 Spring 15
Question 1
———, which is
the return on the risk capital, includes stock price appreciation plus
dividends received over a specified period
Question 2
An industry is
likely to be more attractive when there are:
Question 3
Firms in industries
characterized by __________ can expect only competitive parity.
Question 4
It is easier for
an(n)______firm to imitate a value-chain configuration that a(n)_______firm.
Question 5
Scanning the general
environment would identify information on
Question 6
A cell phone network recently
called Bill and offered him a great plan. It was a low flat fee on all long
distance calls with no roaming charges and unlimited hours to anyone else in
the network. However, Bill discovered that so far there were only 3,000 network
subscribers nationwide, so he turned down the offer. This company did not
have
Question 7
A
crash R&D program by one firm cannot replicate a successful technology
developed by another firm, when research findings cumulate. This is an
example of ____________.
Question 8
When Apple, Inc. opened
retail stores to sell its computers and iPods, this was an example of
Question 9
By organizing value-chain
activities in unique and inimitable ways, firms are creating____
Question 10
The
threat of new entrants is high when there are _______.
Question 11
——-of competitive
advantage compare a firm’s level of return to its costs of capital
while——–of competitive advantage compare a firms level of return to the
average level of return to the industry.
Question 12
The bargaining power of
suppliers increases as
Question 13
If a resource or
capability is valuable and rare but not costly to imitate, exploiting this
resource will generate a(n)
Question 14
While the value of
_____________can be leveraged, the value of_________cannot be leveraged
Question 15
In
assessing its primary activities, an airline would examine ___________.
Question 16
Buyers tend to have less
power when
Question 17
A competitive
environment in which many firms have fixed costs would tend
Question 18
Which of the
following objectives is more helpful in guiding a firm’s strategic management
process?
Question 19
Exit
barriers do not arise from ________.
Question 20
Which of the
following statements is true about strategic groups?
Question 21
In a perfectly
competitive industry,
Question 22
Which of the following firms
would likely pose the least competitive threat?
Question 23
When total costs are
mostly———, the firm must produce———to attain the lowest unit
costs and eventually earn profits.
Question 24
Which of the following
conclusions can we make about competitive advantage measures?
Question 25
Which type of
competition is characterized by a large number of firms, heterogeneous
products and low cost of entry and exit?
Question 26
A firm has 30
million shares outstanding, and each share is traded at $100. Also, each
shareholder gets a dividend of $200 annually. in this case, the market
capitalization is——
Question 27
Frequent-guest
rates offered by hotel chains are an attempt to
Question 28
A
competitive advantage based on inimitability can be sustained for at least
some time if it has the following characteristics:
Question 29
In general, the threat of
substitutes is heightened because the Internet
Question 30
Which of the
following is a charactetistic of economies of scale?
Question 31
Which of the
follwoing is a resource?
Question 32
A large fabricator of
building components purchased a steel company to provide raw materials for
its production process. This is an example of
Question 33
Apple
combines and packages proven technology in new and innovative ways. This is
an example of its use of ____________.
Question 34
Firms with capacity
that must be augmented in large increments, operating at or near their full
capacity,
Question 35
Which of the following would
be considered an organizations mission?
Question 36
Other things being
equal, the threat to vertically integrate backwards will
Question 37
Southwest Airlines is an
airline industry leader. It has protected its competitive advantage by____
Question 38
Which of the
following is not an exit barrier for firms in an industry?
Question 39
The most intense rivalry
results from
Question 40
What concept
developed by Brandenburger and Nalebuff as a counterpart to Porter’s
five-forces consists of suppliers, customers, competitors and complementors?
Question 41
Examples of __________
include: “to be the happiest place on earth”(Disney), and
“restoring patients to full life” (Medtronics).
Question 42
The
difference between the perceived benefits gained by a customer who purchases
a firm’s products or services and the full economic costs of these products
or services is known as
Question 43
Which of the
following is the most likely substitute for commercial aircraft travel
between Chicago and Tokyo?
Question 44
Which of the
following factors requires the least consideration when assessing supplier
power relative to the downstream industry it sells to?
Question 45
Strategic
groups consist of ________________.
Question 46
In general,
first-mover advantages can arise from any of these sources except
Question 47
Pine Street
Knitting Mill making a profit on its textile lines, but was reluctant to
withdraw from textile manufacturing because it had so many sewing machines
and workers who knew how to use them. Pine Street was suffering from
Question 48
If a firm’s resources and
capabilities are costly to imitate because imitating firms may not understand
the relationship between the resources and capabilities controlled by a firm
and that firm’s competitive advantage, this competitive advantage is said to
be protected from imitation by
Question 49
A competitive advantage based
on inimitability can be sustained for at least some time if it has the
following characteristics:
Question 50
Overall, the
average level of performance in an industry is likely to be highest
when
Question 51
The VRIO assumption
that some of the resource and capability diffrences among firms may be long
lasting in known as
Question 52
All other things
being equal, which of the following would lead to lower barriers to entry in
an industry?
Question 53
According to Henry Mintzberg,
the realized strategies of a firm
Question 54
A
firm that earns its cost of capital is said to be earning
Question 55
Which
of the following is NOT true concerning a customer-oriented mission?
ContentCourse2015SP*MNGT*691*301
(Bus Policies and Proced)TestExam
1 Spring 15
Question 1———, which is
the return on the risk capital, includes stock price appreciation plus
dividends received over a specified period
Question 2An industry is
likely to be more attractive when there are:
Question 3Firms in industries
characterized by __________ can expect only competitive parity.
Question 4It is easier for
an(n)______firm to imitate a value-chain configuration that a(n)_______firm.
Question 5Scanning the general
environment would identify information on
Question 6A cell phone network recently
called Bill and offered him a great plan. It was a low flat fee on all long
distance calls with no roaming charges and unlimited hours to anyone else in
the network. However, Bill discovered that so far there were only 3,000 network
subscribers nationwide, so he turned down the offer. This company did not
have
Question 7A
crash R&D program by one firm cannot replicate a successful technology
developed by another firm, when research findings cumulate. This is an
example of ____________.
Question 8When Apple, Inc. opened
retail stores to sell its computers and iPods, this was an example of
Question 9By organizing value-chain
activities in unique and inimitable ways, firms are creating____
Question 10The
threat of new entrants is high when there are _______.
Question 11——-of competitive
advantage compare a firm’s level of return to its costs of capital
while——–of competitive advantage compare a firms level of return to the
average level of return to the industry.
Question 12The bargaining power of
suppliers increases as
Question 13If a resource or
capability is valuable and rare but not costly to imitate, exploiting this
resource will generate a(n)
Question 14While the value of
_____________can be leveraged, the value of_________cannot be leveraged
Question 15In
assessing its primary activities, an airline would examine ___________.
Question 16Buyers tend to have less
power when
Question 17A competitive
environment in which many firms have fixed costs would tend
Question 18Which of the
following objectives is more helpful in guiding a firm’s strategic management
process?
Question 19Exit
barriers do not arise from ________.
Question 20Which of the
following statements is true about strategic groups?
Question 21In a perfectly
competitive industry,
Question 22Which of the following firms
would likely pose the least competitive threat?
Question 23When total costs are
mostly———, the firm must produce———to attain the lowest unit
costs and eventually earn profits.
Question 24Which of the following
conclusions can we make about competitive advantage measures?
Question 25Which type of
competition is characterized by a large number of firms, heterogeneous
products and low cost of entry and exit?
Question 26A firm has 30
million shares outstanding, and each share is traded at $100. Also, each
shareholder gets a dividend of $200 annually. in this case, the market
capitalization is——
Question 27Frequent-guest
rates offered by hotel chains are an attempt to
Question 28A
competitive advantage based on inimitability can be sustained for at least
some time if it has the following characteristics:
Question 29In general, the threat of
substitutes is heightened because the Internet
Question 30Which of the
following is a charactetistic of economies of scale?
Question 31Which of the
follwoing is a resource?
Question 32A large fabricator of
building components purchased a steel company to provide raw materials for
its production process. This is an example of
Question 33Apple
combines and packages proven technology in new and innovative ways. This is
an example of its use of ____________.
Question 34Firms with capacity
that must be augmented in large increments, operating at or near their full
capacity,
Question 35Which of the following would
be considered an organizations mission?
Question 36Other things being
equal, the threat to vertically integrate backwards will
Question 37Southwest Airlines is an
airline industry leader. It has protected its competitive advantage by____
Question 38Which of the
following is not an exit barrier for firms in an industry?
Question 39The most intense rivalry
results from
Question 40What concept
developed by Brandenburger and Nalebuff as a counterpart to Porter’s
five-forces consists of suppliers, customers, competitors and complementors?
Question 41Examples of __________
include: “to be the happiest place on earth”(Disney), and
“restoring patients to full life” (Medtronics).
Question 42The
difference between the perceived benefits gained by a customer who purchases
a firm’s products or services and the full economic costs of these products
or services is known as
Question 43Which of the
following is the most likely substitute for commercial aircraft travel
between Chicago and Tokyo?
Question 44Which of the
following factors requires the least consideration when assessing supplier
power relative to the downstream industry it sells to?
Question 45Strategic
groups consist of ________________.
Question 46In general,
first-mover advantages can arise from any of these sources except
Question 47Pine Street
Knitting Mill making a profit on its textile lines, but was reluctant to
withdraw from textile manufacturing because it had so many sewing machines
and workers who knew how to use them. Pine Street was suffering from
Question 48If a firm’s resources and
capabilities are costly to imitate because imitating firms may not understand
the relationship between the resources and capabilities controlled by a firm
and that firm’s competitive advantage, this competitive advantage is said to
be protected from imitation by
Question 49A competitive advantage based
on inimitability can be sustained for at least some time if it has the
following characteristics:
Question 50Overall, the
average level of performance in an industry is likely to be highest
when
Question 51The VRIO assumption
that some of the resource and capability diffrences among firms may be long
lasting in known as
Question 52All other things
being equal, which of the following would lead to lower barriers to entry in
an industry?
Question 53According to Henry Mintzberg,
the realized strategies of a firm
Question 54A
firm that earns its cost of capital is said to be earning
Question 55Which
of the following is NOT true concerning a customer-oriented mission?
