Question 1

Which of the following best describes the competitive advantage perspective that looks at the impact of external factors?

Accepted Answer

A)  Resource-based view 
B)  Guerilla view 
C)  Industrial organization view 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  Resource-based view 
B)  Guerilla view 
C)  Industrial organization view 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. C

Question 2

American Airlines starting an airfare war by drastically reducing prices is an example of a change in the ________ environment.

Accepted Answer

A)  internal 
B)  external 
C)  resource 
D)  modified environment 
E)  None of the answer choices is correct. 
A)  internal 
B)  external 
C)  resource 
D)  modified environment 
E)  None of the answer choices is correct. B

Question 3

When an organization has numerous internal strengths, it is said to have a competitive advantage.

Accepted Answer

A) True 
 B)False  False

Question 4

The influence of globalization in managing strategically can be demonstrated in

Accepted Answer

A)  the global marketplace. 
B)  global competition. 
C)  the organization itself. 
D)  global competitors and the global marketplace. 
E)  None of the answer choices is correct. 
A)  the global marketplace. 
B)  global competition. 
C)  the organization itself. 
D)  global competitors and the global marketplace. 
E)  None of the answer choices is correct.

Question 5

The use of equipment, materials, knowledge, and experience to perform tasks is defined as

Accepted Answer

A)  the information revolution. 
B)  technology. 
C)  globalization. 
D)  resource allocation. 
E)  labor allocation. 
A)  the information revolution. 
B)  technology. 
C)  globalization. 
D)  resource allocation. 
E)  labor allocation.

Question 6

The traditional view of social responsibility states that

Accepted Answer

A)  corporations should exist only to represent the stockholders. 
B)  corporations must represent all stakeholder groups. 
C)  corporations should operate on the basis of their suppliers' interests. 
D)  corporations function as a measure of consumer behavior. 
E)  corporations forecast their goals on the basis of pending legislation. 
A)  corporations should exist only to represent the stockholders. 
B)  corporations must represent all stakeholder groups. 
C)  corporations should operate on the basis of their suppliers' interests. 
D)  corporations function as a measure of consumer behavior. 
E)  corporations forecast their goals on the basis of pending legislation.

Question 7

Capitalizing on information, people, ideas, and knowledge characterizes the implication of

Accepted Answer

A)  vanishing distance. 
B)  reduced need for physical assets. 
C)  compressed time. 
D)  turbulent change. 
E)  All of the answer choices are correct. 
A)  vanishing distance. 
B)  reduced need for physical assets. 
C)  compressed time. 
D)  turbulent change. 
E)  All of the answer choices are correct.

Question 8

________ and ________ are critical to strategic success in the new business environment.

Accepted Answer

A)  Innovation; creativity 
B)  Formulation; innovation 
C)  Turbulence; stagnation 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct 
A)  Innovation; creativity 
B)  Formulation; innovation 
C)  Turbulence; stagnation 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct

Question 9

Imitability of a resource can occur through

Accepted Answer

A)  duplication. 
B)  exploitation. 
C)  substitution. 
D)  duplication and substitution. 
E)  None of the answer choices is correct. 
A)  duplication. 
B)  exploitation. 
C)  substitution. 
D)  duplication and substitution. 
E)  None of the answer choices is correct.

Question 10

According to the guerrilla-based view, a firm's competitive advantage is temporary.

Accepted Answer

A) True 
 B)False

Question 11

Milton Friedman is an advocate of a contemporary view of social responsibility.

Accepted Answer

A) True 
 B)False

Question 12

Instant interactivity reflects the environment of

Accepted Answer

A)  reduced need for physical assets. 
B)  compressed time. 
C)  vanishing distance. 
D)  constant change. 
E)  All of the answer choices are correct. 
A)  reduced need for physical assets. 
B)  compressed time. 
C)  vanishing distance. 
D)  constant change. 
E)  All of the answer choices are correct.

Question 13

As the consultant, you propose to Ms. Gibson that she think about the way Picture Perfect Company operates. You are suggesting the company review which of the following?

Accepted Answer

A)  Its digital technology 
B)  Its network capabilities 
C)  Its technology 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  Its digital technology 
B)  Its network capabilities 
C)  Its technology 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 14

A ________ statement is a statement of what specific organizational units do and what they hope to accomplish.

Accepted Answer

A)  vision 
B)  strategy 
C)  technology 
D)  mission 
E)  corporate social responsibility 
A)  vision 
B)  strategy 
C)  technology 
D)  mission 
E)  corporate social responsibility

Question 15

All of the following characteristic(s)reflect the uniqueness of a resource including

Accepted Answer

A)  no other competing firms possess the resource. 
B)  the resource is hard to imitate. 
C)  the resource adds value. 
D)  the organization should be able to exploit the resource. 
E)  All of the answer choices are correct. 
A)  no other competing firms possess the resource. 
B)  the resource is hard to imitate. 
C)  the resource adds value. 
D)  the organization should be able to exploit the resource. 
E)  All of the answer choices are correct.

Question 16

Corporate social responsibility (CSR)is the obligation of ________ to make decisions and act in ways that recognize the interrelatedness of business and society.

Accepted Answer

A)  society 
B)  stakeholders 
C)  community 
D)  organizational decision makers 
E)  competitors 
A)  society 
B)  stakeholders 
C)  community 
D)  organizational decision makers 
E)  competitors

Question 17

Technology is using only equipment to perform tasks.

Accepted Answer

A) True 
 B)False

Question 18

Corporate social responsibility (CSR)is the obligation of organizational decision makers to make decisions and act in ways that recognize the interrelatedness of business and society.

Accepted Answer

A) True 
 B)False

Question 19

The resources-based view (RBV)takes the approach that a firm's resources are more important than industry structure in getting and keeping competitive advantage.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following organization(s)need to have a competitive advantage to survive in the long-term?

Accepted Answer

A)  Government agencies 
B)  Community arts organizations 
C)  Social service groups 
D)  For-profit companies 
E)  All of the answer choices are correct. 
A)  Government agencies 
B)  Community arts organizations 
C)  Social service groups 
D)  For-profit companies 
E)  All of the answer choices are correct.

Which of the following best describes the competitive advantage perspective that looks at the impact of external factors?

American Airlines starting an airfare war by drastically reducing prices is an example of a change in the ________ environment.

When an organization has numerous internal strengths, it is said to have a competitive advantage.

The influence of globalization in managing strategically can be demonstrated in

The use of equipment, materials, knowledge, and experience to perform tasks is defined as

The traditional view of social responsibility states that

Capitalizing on information, people, ideas, and knowledge characterizes the implication of

and are critical to strategic success in the new business environment.

Imitability of a resource can occur through

According to the guerrilla-based view, a firm's competitive advantage is temporary.

Milton Friedman is an advocate of a contemporary view of social responsibility.

Instant interactivity reflects the environment of

As the consultant, you propose to Ms. Gibson that she think about the way Picture Perfect Company operates. You are suggesting the company review which of the following?

A ________ statement is a statement of what specific organizational units do and what they hope to accomplish.

All of the following characteristic(s)reflect the uniqueness of a resource including

Corporate social responsibility (CSR)is the obligation of ________ to make decisions and act in ways that recognize the interrelatedness of business and society.

Technology is using only equipment to perform tasks.

Corporate social responsibility (CSR)is the obligation of organizational decision makers to make decisions and act in ways that recognize the interrelatedness of business and society.

The resources-based view (RBV)takes the approach that a firm's resources are more important than industry structure in getting and keeping competitive advantage.

Which of the following organization(s)need to have a competitive advantage to survive in the long-term?

Introducing the Concepts

Assessing Opportunities and Threats: Doing an External Analysis

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

Corporate Strategies

International Strategies

Module Special Topics in Strategy

Filters

Exam 2: The Context of Managing Strategically

Which of the following best describes the competitive advantage perspective that looks at the impact of external factors?

American Airlines starting an airfare war by drastically reducing prices is an example of a change in the ________ environment.

When an organization has numerous internal strengths, it is said to have a competitive advantage.

The influence of globalization in managing strategically can be demonstrated in

The use of equipment, materials, knowledge, and experience to perform tasks is defined as

The traditional view of social responsibility states that

Capitalizing on information, people, ideas, and knowledge characterizes the implication of

________ and ________ are critical to strategic success in the new business environment.

Imitability of a resource can occur through

According to the guerrilla-based view, a firm's competitive advantage is temporary.

Milton Friedman is an advocate of a contemporary view of social responsibility.

Instant interactivity reflects the environment of

As the consultant, you propose to Ms. Gibson that she think about the way Picture Perfect Company operates. You are suggesting the company review which of the following?

A ________ statement is a statement of what specific organizational units do and what they hope to accomplish.

All of the following characteristic(s)reflect the uniqueness of a resource including

Corporate social responsibility (CSR)is the obligation of ________ to make decisions and act in ways that recognize the interrelatedness of business and society.

Technology is using only equipment to perform tasks.

Corporate social responsibility (CSR)is the obligation of organizational decision makers to make decisions and act in ways that recognize the interrelatedness of business and society.

The resources-based view (RBV)takes the approach that a firm's resources are more important than industry structure in getting and keeping competitive advantage.

Which of the following organization(s)need to have a competitive advantage to survive in the long-term?

Introducing the Concepts

Assessing Opportunities and Threats: Doing an External Analysis

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

Corporate Strategies

International Strategies

Module Special Topics in Strategy

Filters

and are critical to strategic success in the new business environment.