QUESTION 1
1. A ____________ is an association of several companies
sharing a specific strategic purpose.
a.
cross-equity alliance
b.
virtual alliance
c.
golden parachute
d.
consortia
e.
diversified organization
5 points
QUESTION 2
1. When considering first-mover advantage within an industry
that has powerful suppliers, which of the following is a critical resource for
the first-mover to possess?
a.
The implementation of pay for performance
b.
Bargaining power
c.
Valuable customers
d.
An easily imitated product
e.
An easily imitated service
5 points
QUESTION 3
1. The most complex configuation aims to simultaneously
achieve global ____________.
a.
cost leadership and differentiation
b.
mergers and acquisitions
c.
efficiency and maximize local responsiveness
d.
dominance while acting in an ethical fashion
e.
notoriety while keeping proprietary information secret
5 points
QUESTION 4
1. Effective corporate strategies focus on __________.
a.
considering how entry into a new industry will increase
overall firm competitiveness
b.
considering how the corporation can add value to its
existing lines of business
c.
considering which business arenas the company should compete
in
d.
considering how diversification might help the corporation
to compete
e.
All of the Above
5 points
QUESTION 5
1. In an alliance with Big Company, your company invested in
a $10,000,000 diaper making machine with the idea being that Big Company would
buy the supply of diapers you made over the next ten years. After you had
bought and installed the machine, the management of Big Company informed you
that they would only be paying you 10 cents a diaper as opposed to the 20 cents
you thought they had initially indicated. This is an example of ___________.
a.
adverse selction
b.
moral hazard
c.
a hold-up
d.
how easy it is to understand alliance partners
e.
a criminal activity
5 points
QUESTION 6
1. The essential elements of ___________ deal with
accountability for fraud, analysts’ conflicts of interest, disclosure, auditor
independence, accounting oversight and attorney’s responsibilities.
a.
the Taft-Hartley Act
b.
the EEOC
c.
the Humpty-Dumpty Act
d.
the Sarbanes-Oxley Act
e.
Emageon analysis
5 points
QUESTION 7
1. ____________ strategies do not take existing rules of
competition for granted but attempt to create value by approaching competition
by violating some of these taken-for-granted rules.
a.
Illegal
b.
Unethical
c.
Revolutionary
d.
Static
e.
Global
5 points
QUESTION 8
1. ___________ is/are required if top management wants to
execute rapid strategic change.
a.
Confusion
b.
Stress
c.
Incentives
d.
Frustration
e.
Conflict
5 points
QUESTION 9
1. ___________ is an exaggerated self-confidence that may
lead managers to overestimate the value of an acquisition target.
a.
Agency theory
b.
Esteem
c.
Hubris
d.
Efficacy
e.
Ineptitude
5 points
QUESTION 10
1. The “Milk Cliff” concerns _________.
a.
an attractive vacation location on the shores of Lake
Superior in the Upper Peninsula
b.
a lack of political leadership
c.
where cows go to hang-out
d.
tension among the major political parties
e.
where one throws his or her money in the air, and hopes it
hits the river of milk below
5 points
QUESTION 11
1. The breadth and diversity of countries in which a firm
operates is referred to as __________.
a.
geographic scope
b.
global positioning
c.
diversification
d.
differentiation
e.
transnational operations
5 points
QUESTION 12
1. When entering a promising arena with a new business a
company can ________.
a.
use a revolutionary strategy
b.
focus on a niche
c.
leverage existing resources
d.
use various combinations of (a), (b), and (c)
e.
any one method, either (a), or (b), or (c)
5 points
QUESTION 13
1. If you were considering the impact that different
languages, political stability, physical remoteness, and cost and quality of
available resources were going to have on your plans for geographical
expansion, you would most likely be using ____________ as an analysis tool.
a.
the value net
b.
portfolio planning
c.
profit pools
d.
the cage framework
e.
Bower’s Classification
5 points
QUESTION 14
1. When thinking about strategic alliances the _________ is
a framework that allows the top management of firms to better understand which
points of coordination exist as opportunities for improving performance.
a.
value chain
b.
competitive grid
c.
diversity complex
d.
theory of quantum mechanics
e.
winner’s circle
5 points
QUESTION 15
1. Which of the following allows top management to better
control its organization?
a.
Organizational processes
b.
Organizational structure
c.
Organizational systems
d.
Incentive programs for employees
e.
All of the Above
5 points
QUESTION 16
1. Your firm has created a contract with Political Contacts.
LLC., located in Mexico to provide you with needed political advice and
connections for your geographic expansion. Unfortunately, Political Contacts,
LLC has personnel that know very little and have no useful political
connections in Mexico. This is an example of ____________.
a.
adverse selection
b.
moral hazard
c.
a hold-up
d.
how easy it is to understand alliance partners
e.
your management having done a good job with its due
diligence
5 points
QUESTION 17
1. Which of the following are considered the three Cs of
strategy communication?
a.
Contacts, Contracts, Credibility
b.
Contacts, Collaboration, Cultural Understanding
c.
Collaboration, Credibility, Cultural Understanding
d.
Contacts, Credibility, Cultural Understanding
e.
Contacts, Clarity, Cultural Understanding
5 points
QUESTION 18
1. Mathmatically, synergy can be expressed as ____________.
a.
14/2 = 7
b.
4+4=10
c.
2+2<4 d. 4/2=2 e. 2+2=3 5 points QUESTION 19 1. During the implementation of a strategic alliance, your partner fails to provide you with its best engineers as promised, instead allowing you to use its less experienced engineers. This is an example of _________. a. adverse selection b. moral hazard c. a hold-up d. how stability can be counted on in alliances e. how easy it is to understand alliance partners 5 points QUESTION 20 1. Which of the following is true? a. Strategy formulation is the same as strategy implementation. b. Implementation levers can be considered organizational control mechanisms. c. There is no meaningful difference between general and specialized resources. d. Profit pools fail to evaluate adjacent market opportunities. e. None of the above are true. 5 points QUESTION 21 1. Red Bull entered the ________ market of energy drinks within the larger soft drink market. a. shrinking b. alcoholic c. mature d. niche e. declining 5 points QUESTION 22 1. __________ is the final stage of the turnaround process. a. Stabilization b. Implementing an emergency action plan c. Analyzing the situation d. Changing management e. Returning to normal 5 points QUESTION 23 1. Incentive packages that include _________ tend to promote longer-term performance. a. piece-rate compensation b. restricted stock c. quarterly bonuses d. stock dividends e. pay inequity 5 points QUESTION 24 1. It is important to __________ to get organizational transformation started. a. form a powerful guiding coalition b. plan for and create short-term wins c. communicate the vision d. establish a sense of urgency e. create a vision 5 points QUESTION 25 1. A ___________ is defined as the collection of ties between people and the strength of those ties. a. Facebook network b. formal organizational structure c. social network d. strategic alliance e. matrix structure 5 points QUESTION 26 1. Which of the following is not one of the four causes of dynamic change in an industry? a. Competitive interactions b. Global issues c. Technological disruptions d. Reliance on accepted assumptions e. Industry evolution 5 points QUESTION 27 1. Efficiency is ________. a. defined as the time it takes to produce a product b. pursued only by cost leaders c. defined as the cost of inputs required to produce a given output d. defined as the time and costs of inputs required to produce e. None of These 5 points QUESTION 28 1. Wall Street usually reacts positively to firm downsizing moves that often result in _________. a. long-term performance declines b. more employees showing-up for work c. a lower average turnover d. an immediately lower stock price e. increasing the redundancy of organizational roles 5 points QUESTION 29 1. Which of the following conditions are necessary for a first-mover to sustain competitive advantage? a. The scale of a firm's first move makes imitation unlikely b. A first-mover has difficulty establishing a positive reputation c. The first-mover's product or service meets an important need but is flawed d. The first mover lacks a key complement, such as distribution channel access, relative to better access by a competitor e. None of the Above 5 points QUESTION 30 1. The ____________ is the idea that every public company is theoretically for sale. a. free market b. the bid-ask default notion c. four-actions framework d. market for coporate control e. economies of the long tail 5 points QUESTION 31 1. A good business definition will ____________. a. make imitation easy for competitors b. remain static over time c. reflect creative exploration of opportunities in the competitive space d. be based on imitating competitors e. None of the Above 5 points QUESTION 32 1. When there are many opportunities to gain global efficiencies and customer demands require a relatively high level of local responsiveness, it is best to develop and execute a/an ____________ vision. a. international b. transnational c. global d. multinational e. niche 5 points QUESTION 33 1. A __________ is a corporation that operates many businesses that are largely unrelated. a. conglomerate b. niche player c. differentiator d. multinational firm e. None of the Above 5 points QUESTION 34 1. The simpliest vehicle for international expansion is _____________. a. to create alliances b. to export c. to consolidate structures across boundaries d. to make foreign direct investments e. to merge with multinational corporations 5 points QUESTION 35 1. ___________ are used to access more capital through the world's stock markets. a. Net present value calculations b. Bootstrapping techniques c. IPOs d. Expatriates e. Value nets 5 points QUESTION 36 1. The risk of a price war is greatest in which of the following circumstances? a. A high-growth industry b. An industry characterized by falling demand, high exit barriers, and excessive productive capacity c. An industry characterized by a "commodity-type" product, strong demand, and low exit barriers d. A mature industry during an economic upturn e. An industry characterized by tacit price agreements 5 points QUESTION 37 1. Which of the following is true regarding corporate governance? a. it includes pay and promotion considerations b. it affects the way strategy is executed c. it is related to strategy formulation d. it is related to strategy implementation e. All of the Above 5 points QUESTION 38 1. __________ options may occur when an entry investment creates opportunities to pursue valuable follow-up projects. a. Learning b. Growth c. Flexibility d. Exit e. Waiting-to-invest 5 points QUESTION 39 1. All of the following except _________ are global trends. a. increasing resource strains b. a growing number of consumers in emerging economies c. decreasing global labor and talent markets d. increasing environmental strains e. shifting of economic activity within countries and regions 5 points QUESTION 40 1. Corporate governance mechanism are ____________. a. pretty much the same wherever you go b. are somewhat dependent on the national context in question c. characterized by an immediate abandoning of the old established technology d. more adversarial between owners and managers in Japan e. indifferent to the interests of corporate shareholders 5 points QUESTION 41 1. The _____________ occurs when a new product generates rapid growth and huge sales increases. a. IPO b. maturation phase c. takeoff period d. product life-cycle e. All of the Above 5 points QUESTION 42 1. Because every country has a relatively unique business environment, the more country environments a firm must deal with, the __________ cost(s) of coordinating operations across these diverse environments. a. greater the difficulty and b. greater the chance of synergy and a lower c. lower the d. easier it will be to absorb e. None of the Above 5 points QUESTION 43 1. Making decisions about which value chain activities to engage in while pursuing international strategies involves considering the _________ element. a. differentiators b. economic logic c. vehicles d. staging and pacing e. arenas 5 points QUESTION 44 1. The balanced scorecard ____________. a. balances costs against benefits b. measures strategy and vision against business and operating-unit-level performance c. attempts to weigh the benefits of combining cost leadership and differentiation d. focuses on only financial objectives e. has nothing to do with personal objectives 5 points QUESTION 45 1. Which of the following is false? a. Total benefits of internationalization take the shape of a S-curve b. Total costs of internationalization tend to increase with levels of internationalization c. Net gains from internationalization tend to increase as levels of internationalization increase d. Net gains from internationalization take on the shape of a S-curve e. Net gains from internationalization are affected by the total costs of internationalization 5 points QUESTION 46 1. ___________ suggests that because competitive actions will generate reactions, a firm's managers should predict reactions to its actions and use that information to determine what would be the best course of action given competitors' likely reactions. a. Being "stuck-in-the-middle" b. Institutional theory c. The theory of perfect competition d. Competitive interaction theory e. The resource-based theory of the firm 5 points QUESTION 47 1. In ________ public firms are controlled by state-owned or state-controlled share-holders. a. Detroit b. Flint c. China d. the U.S.A. e. both (a) and (b) 5 points QUESTION 48 1. When workers are treated as a commodity you can expect ________ pay and ________ commitment. a. low / high b. low / low c. high / low d. high / high e. All of the Above 5 points QUESTION 49 1. The Krispy Kreme case provides an example of ___________. a. how important it is to have a delicious doughnut b. the importance of good corporate governance c. a company stock price that just keeps rising and rising d. how the pocket book is more important than the stomach e. why public servants are often found in doughnut shops 5 points QUESTION 50 1. Implementing the integration of a new acquisition is ______________. a. not so much an event as it is a continual process b. easy once the firm is acquired c. purely a cultural issue d. purely a technical issue e. a process in which important decisions should be made slowly 5 points QUESTION 51 1. A company lacking only __________ will likely experience a very stressful transformation. a. a clear communication of vision b. an appropriate structure c. a well thought-out execution plan d. the requisite skills e. the motivating incentives 5 points QUESTION 52 1. Potential advantages of alliances include ___________. knowledge sharing effective management joint investment complimentary resources All of the Above 5 points QUESTION 53 1. In an industry with intense rivalry resulting in supply consistently being higher than demand, you would expect the following type of M&A: a. Product/Market extension b. Geographic roll-ups c. Industry convergence d. M&A as Research and Development e. Overcapacity M&A 5 points QUESTION 54 1. ____________ call for managers to think of arenas as sites in which to conduct experiments or launch probes into the possible future of the firm and its strategy. a. Idiosyncratic resources b. Technological discontinuities c. Turbulent and hypercompetitive markets d. Glabalization strategies e. None of the Above 5 points QUESTION 55 1. Which of the following is a sound management practice? Aiming for _________ and rewarding for _________. a. teamwork / individual effort b. candor / agreeing with the boss c. delayering / creating efficiency d. long-term growth / quarterly earnings e. total quality / shipping on schedule even with defects 5 points QUESTION 56 1. Which of the following industries contains the majority of the top six revenue generating corporations? a. Automotive b. Banking c. Insurance d. Oil and Gas e. Telecommunications 5 points QUESTION 57 1. Which of the following is false? a. In dynamic environments, synergies are achieved through static definitions of the business-unit arenas and formal structural links among them. b. Monopolies tend to dictate the price levels in a market by controlling supply. c. In the evolution of firms over time, most leadership teams decide to expand into new businesses. d. Firms with a broad scope of business activities have different demands for organizational structure than firms that are narrowly focused. e. Perfect competition is the ideal environment for maximizing firm profits. 5 points QUESTION 58 1. Entrepreneurship starts with _____________. a. venture capitalists b. angel investors c. financing d. an idea e. None of the Above 5 points QUESTION 59 1. __________ is best described as a web of shifting linkages among evolving businesses. a. A social network b. High-end disruption c. Low-end disruption d. An agency problem e. Coevolution 5 points QUESTION 60 1. All of the following except ____________ are part of strategy formulation. a. staging and pricing b. deciding on which industries to compete in c. executing implementation levers d. considering the economic logic of your business model e. determining what will differentiate your product or service QUESTION 11. A ____________ is an association of several companies sharing a specific strategic purpose.a.cross-equity allianceb.virtual alliancec.golden parachuted.consortiae.diversified organization5 pointsQUESTION 21. When considering first-mover advantage within an industry that has powerful suppliers, which of the following is a critical resource for the first-mover to possess?a.The implementation of pay for performanceb.Bargaining powerc.Valuable customersd.An easily imitated producte.An easily imitated service5 pointsQUESTION 31. The most complex configuation aims to simultaneously achieve global ____________.a.cost leadership and differentiationb.mergers and acquisitionsc.efficiency and maximize local responsivenessd.dominance while acting in an ethical fashione.notoriety while keeping proprietary information secret5 pointsQUESTION 41. Effective corporate strategies focus on __________.a.considering how entry into a new industry will increase overall firm competitivenessb.considering how the corporation can add value to its existing lines of businessc.considering which business arenas the company should compete ind.considering how diversification might help the corporation to competee.All of the Above5 pointsQUESTION 51. In an alliance with Big Company, your company invested in a $10,000,000 diaper making machine with the idea being that Big Company would buy the supply of diapers you made over the next ten years. After you had bought and installed the machine, the management of Big Company informed you that they would only be paying you 10 cents a diaper as opposed to the 20 cents you thought they had initially indicated. This is an example of ___________.a.adverse selctionb.moral hazardc.a hold-upd.how easy it is to understand alliance partnerse.a criminal activity5 pointsQUESTION 61. The essential elements of ___________ deal with accountability for fraud, analysts' conflicts of interest, disclosure, auditor independence, accounting oversight and attorney's responsibilities.a.the Taft-Hartley Actb.the EEOCc.the Humpty-Dumpty Actd.the Sarbanes-Oxley Acte.Emageon analysis5 pointsQUESTION 71. ____________ strategies do not take existing rules of competition for granted but attempt to create value by approaching competition by violating some of these taken-for-granted rules.a.Illegalb.Unethicalc.Revolutionaryd.Statice.Global5 pointsQUESTION 81. ___________ is/are required if top management wants to execute rapid strategic change.a.Confusionb.Stressc.Incentivesd.Frustratione.Conflict5 pointsQUESTION 91. ___________ is an exaggerated self-confidence that may lead managers to overestimate the value of an acquisition target.a.Agency theoryb.Esteemc.Hubrisd.Efficacye.Ineptitude5 pointsQUESTION 101. The "Milk Cliff" concerns _________.a.an attractive vacation location on the shores of Lake Superior in the Upper Peninsulab.a lack of political leadershipc.where cows go to hang-outd.tension among the major political partiese.where one throws his or her money in the air, and hopes it hits the river of milk below5 pointsQUESTION 111. The breadth and diversity of countries in which a firm operates is referred to as __________.a.geographic scopeb.global positioningc.diversificationd.differentiatione.transnational operations5 pointsQUESTION 121. When entering a promising arena with a new business a company can ________.a.use a revolutionary strategyb.focus on a nichec.leverage existing resourcesd.use various combinations of (a), (b), and (c)e.any one method, either (a), or (b), or (c)5 pointsQUESTION 131. If you were considering the impact that different languages, political stability, physical remoteness, and cost and quality of available resources were going to have on your plans for geographical expansion, you would most likely be using ____________ as an analysis tool.a.the value netb.portfolio planningc.profit poolsd.the cage frameworke.Bower's Classification5 pointsQUESTION 141. When thinking about strategic alliances the _________ is a framework that allows the top management of firms to better understand which points of coordination exist as opportunities for improving performance.a.value chainb.competitive gridc.diversity complexd.theory of quantum mechanicse.winner's circle5 pointsQUESTION 151. Which of the following allows top management to better control its organization?a.Organizational processesb.Organizational structurec.Organizational systemsd.Incentive programs for employeese.All of the Above5 pointsQUESTION 161. Your firm has created a contract with Political Contacts. LLC., located in Mexico to provide you with needed political advice and connections for your geographic expansion. Unfortunately, Political Contacts, LLC has personnel that know very little and have no useful political connections in Mexico. This is an example of ____________.a.adverse selectionb.moral hazardc.a hold-upd.how easy it is to understand alliance partnerse.your management having done a good job with its due diligence5 pointsQUESTION 171. Which of the following are considered the three Cs of strategy communication?a.Contacts, Contracts, Credibilityb.Contacts, Collaboration, Cultural Understandingc.Collaboration, Credibility, Cultural Understandingd.Contacts, Credibility, Cultural Understandinge.Contacts, Clarity, Cultural Understanding5 pointsQUESTION 181. Mathmatically, synergy can be expressed as ____________.a.14/2 = 7b.4+4=10c.2+2<4d.4/2=2e.2+2=35 pointsQUESTION 191. During the implementation of a strategic alliance, your partner fails to provide you with its best engineers as promised, instead allowing you to use its less experienced engineers. This is an example of _________.a.adverse selectionb.moral hazardc.a hold-upd.how stability can be counted on in alliancese.how easy it is to understand alliance partners5 pointsQUESTION 201. Which of the following is true?a.Strategy formulation is the same as strategy implementation.b.Implementation levers can be considered organizational control mechanisms.c.There is no meaningful difference between general and specialized resources.d.Profit pools fail to evaluate adjacent market opportunities.e.None of the above are true.5 pointsQUESTION 211. Red Bull entered the ________ market of energy drinks within the larger soft drink market.a.shrinkingb.alcoholicc.matured.nichee.declining5 pointsQUESTION 221. __________ is the final stage of the turnaround process.a.Stabilizationb.Implementing an emergency action planc.Analyzing the situationd.Changing managemente.Returning to normal5 pointsQUESTION 231. Incentive packages that include _________ tend to promote longer-term performance.a.piece-rate compensationb.restricted stockc.quarterly bonusesd.stock dividendse.pay inequity5 pointsQUESTION 241. It is important to __________ to get organizational transformation started.a.form a powerful guiding coalitionb.plan for and create short-term winsc.communicate the visiond.establish a sense of urgencye.create a vision5 pointsQUESTION 251. A ___________ is defined as the collection of ties between people and the strength of those ties.a.Facebook networkb.formal organizational structurec.social networkd.strategic alliancee.matrix structure5 pointsQUESTION 261. Which of the following is not one of the four causes of dynamic change in an industry?a.Competitive interactionsb.Global issuesc.Technological disruptionsd.Reliance on accepted assumptionse.Industry evolution5 pointsQUESTION 271. Efficiency is ________.a.defined as the time it takes to produce a productb.pursued only by cost leadersc.defined as the cost of inputs required to produce a given outputd.defined as the time and costs of inputs required to producee.None of These5 pointsQUESTION 281. Wall Street usually reacts positively to firm downsizing moves that often result in _________.a.long-term performance declinesb.more employees showing-up for workc.a lower average turnoverd.an immediately lower stock pricee.increasing the redundancy of organizational roles5 pointsQUESTION 291. Which of the following conditions are necessary for a first-mover to sustain competitive advantage?a.The scale of a firm's first move makes imitation unlikelyb.A first-mover has difficulty establishing a positive reputationc.The first-mover's product or service meets an important need but is flawedd.The first mover lacks a key complement, such as distribution channel access, relative to better access by a competitore.None of the Above5 pointsQUESTION 301. The ____________ is the idea that every public company is theoretically for sale.a.free marketb.the bid-ask default notionc.four-actions frameworkd.market for coporate controle.economies of the long tail5 pointsQUESTION 311. A good business definition will ____________.a.make imitation easy for competitorsb.remain static over timec.reflect creative exploration of opportunities in the competitive spaced.be based on imitating competitorse.None of the Above5 pointsQUESTION 321. When there are many opportunities to gain global efficiencies and customer demands require a relatively high level of local responsiveness, it is best to develop and execute a/an ____________ vision.a.internationalb.transnationalc.globald.multinationale.niche5 pointsQUESTION 331. A __________ is a corporation that operates many businesses that are largely unrelated.a.conglomerateb.niche playerc.differentiatord.multinational firme.None of the Above5 pointsQUESTION 341. The simpliest vehicle for international expansion is _____________.a.to create alliancesb.to exportc.to consolidate structures across boundariesd.to make foreign direct investmentse.to merge with multinational corporations5 pointsQUESTION 351. ___________ are used to access more capital through the world's stock markets.a.Net present value calculationsb.Bootstrapping techniquesc.IPOsd.Expatriatese.Value nets5 pointsQUESTION 361. The risk of a price war is greatest in which of the following circumstances?a.A high-growth industryb.An industry characterized by falling demand, high exit barriers, and excessive productive capacityc.An industry characterized by a "commodity-type" product, strong demand, and low exit barriersd.A mature industry during an economic upturne.An industry characterized by tacit price agreements5 pointsQUESTION 371. Which of the following is true regarding corporate governance?a.it includes pay and promotion considerationsb.it affects the way strategy is executedc.it is related to strategy formulationd.it is related to strategy implementatione.All of the Above5 pointsQUESTION 381. __________ options may occur when an entry investment creates opportunities to pursue valuable follow-up projects.a.Learningb.Growthc.Flexibilityd.Exite.Waiting-to-invest5 pointsQUESTION 391. All of the following except _________ are global trends.a.increasing resource strainsb.a growing number of consumers in emerging economiesc.decreasing global labor and talent marketsd.increasing environmental strainse.shifting of economic activity within countries and regions5 pointsQUESTION 401. Corporate governance mechanism are ____________.a.pretty much the same wherever you gob.are somewhat dependent on the national context in questionc.characterized by an immediate abandoning of the old established technologyd.more adversarial between owners and managers in Japane.indifferent to the interests of corporate shareholders5 pointsQUESTION 411. The _____________ occurs when a new product generates rapid growth and huge sales increases.a.IPOb.maturation phasec.takeoff periodd.product life-cyclee.All of the Above5 pointsQUESTION 421. Because every country has a relatively unique business environment, the more country environments a firm must deal with, the __________ cost(s) of coordinating operations across these diverse environments.a.greater the difficulty andb.greater the chance of synergy and a lowerc.lower thed.easier it will be to absorbe.None of the Above5 pointsQUESTION 431. Making decisions about which value chain activities to engage in while pursuing international strategies involves considering the _________ element.a.differentiatorsb.economic logicc.vehiclesd.staging and pacinge.arenas5 pointsQUESTION 441. The balanced scorecard ____________.a.balances costs against benefitsb.measures strategy and vision against business and operating-unit-level performancec.attempts to weigh the benefits of combining cost leadership and differentiationd.focuses on only financial objectivese.has nothing to do with personal objectives5 pointsQUESTION 451. Which of the following is false?a.Total benefits of internationalization take the shape of a S-curveb.Total costs of internationalization tend to increase with levels of internationalizationc.Net gains from internationalization tend to increase as levels of internationalization increased.Net gains from internationalization take on the shape of a S-curvee.Net gains from internationalization are affected by the total costs of internationalization5 pointsQUESTION 461. ___________ suggests that because competitive actions will generate reactions, a firm's managers should predict reactions to its actions and use that information to determine what would be the best course of action given competitors' likely reactions.a.Being "stuck-in-the-middle"b.Institutional theoryc.The theory of perfect competitiond.Competitive interaction theorye.The resource-based theory of the firm5 pointsQUESTION 471. In ________ public firms are controlled by state-owned or state-controlled share-holders.a.Detroitb.Flintc.Chinad.the U.S.A.e.both (a) and (b)5 pointsQUESTION 481. When workers are treated as a commodity you can expect ________ pay and ________ commitment.a.low / highb.low / lowc.high / lowd.high / highe.All of the Above5 pointsQUESTION 491. The Krispy Kreme case provides an example of ___________.a.how important it is to have a delicious doughnutb.the importance of good corporate governancec.a company stock price that just keeps rising and risingd.how the pocket book is more important than the stomache.why public servants are often found in doughnut shops5 pointsQUESTION 501. Implementing the integration of a new acquisition is ______________.a.not so much an event as it is a continual processb.easy once the firm is acquiredc.purely a cultural issued.purely a technical issuee.a process in which important decisions should be made slowly5 pointsQUESTION 511. A company lacking only __________ will likely experience a very stressful transformation.a.a clear communication of visionb.an appropriate structurec.a well thought-out execution pland.the requisite skillse.the motivating incentives5 pointsQUESTION 521. Potential advantages of alliances include ___________.knowledge sharingeffective managementjoint investmentcomplimentary resourcesAll of the Above5 pointsQUESTION 531. In an industry with intense rivalry resulting in supply consistently being higher than demand, you would expect the following type of M&A:a.Product/Market extensionb.Geographic roll-upsc.Industry convergenced.M&A as Research and Developmente.Overcapacity M&A5 pointsQUESTION 541. ____________ call for managers to think of arenas as sites in which to conduct experiments or launch probes into the possible future of the firm and its strategy.a.Idiosyncratic resourcesb.Technological discontinuitiesc.Turbulent and hypercompetitive marketsd.Glabalization strategiese.None of the Above5 pointsQUESTION 551. Which of the following is a sound management practice? Aiming for _________ and rewarding for _________.a.teamwork / individual effortb.candor / agreeing with the bossc.delayering / creating efficiencyd.long-term growth / quarterly earningse.total quality / shipping on schedule even with defects5 pointsQUESTION 561. Which of the following industries contains the majority of the top six revenue generating corporations?a.Automotiveb.Bankingc.Insuranced.Oil and Gase.Telecommunications5 pointsQUESTION 571. Which of the following is false?a.In dynamic environments, synergies are achieved through static definitions of the business-unit arenas and formal structural links among them.b.Monopolies tend to dictate the price levels in a market by controlling supply.c.In the evolution of firms over time, most leadership teams decide to expand into new businesses.d.Firms with a broad scope of business activities have different demands for organizational structure than firms that are narrowly focused.e.Perfect competition is the ideal environment for maximizing firm profits.5 pointsQUESTION 581. Entrepreneurship starts with _____________.a.venture capitalistsb.angel investorsc.financingd.an ideae.None of the Above5 pointsQUESTION 591. __________ is best described as a web of shifting linkages among evolving businesses.a.A social networkb.High-end disruptionc.Low-end disruptiond.An agency probleme.Coevolution5 pointsQUESTION 601. All of the following except ____________ are part of strategy formulation.a.staging and pricingb.deciding on which industries to compete inc.executing implementation leversd.considering the economic logic of your business modele.determining what will differentiate your product or service
