Question 1

Ethics can be defined as

Accepted Answer

A)  the obligation of organizational decision makers to make decisions and act in ways that recognize the interrelatedness of business and society. 
B)  the intentional and ongoing actions of an organization to continuously transform itself by acquiring information and knowledge. 
C)  the rules and principles that define right and wrong decisions and behavior. 
D)  making decisions and implementing strategies that allow an organization to develop and maintain a competitive advantage. 
E)  the international linkage of economies and culture that fosters a business and competitive situation in which organizations have no national boundaries. 
A)  the obligation of organizational decision makers to make decisions and act in ways that recognize the interrelatedness of business and society. 
B)  the intentional and ongoing actions of an organization to continuously transform itself by acquiring information and knowledge. 
C)  the rules and principles that define right and wrong decisions and behavior. 
D)  making decisions and implementing strategies that allow an organization to develop and maintain a competitive advantage. 
E)  the international linkage of economies and culture that fosters a business and competitive situation in which organizations have no national boundaries.

Question 2

Ethics is both a(n)________ and ________ issue and should be part of the strategic management process.

Accepted Answer

A)  inconsequential; organizational 
B)  personal; organizational 
C)  organizational; contemporary 
D)  None of the answer choices is correct. 
E)  All of the answer choices are correct. 
A)  inconsequential; organizational 
B)  personal; organizational 
C)  organizational; contemporary 
D)  None of the answer choices is correct. 
E)  All of the answer choices are correct.

Question 3

Purchasing and sending electronic greeting cards through a web site could represent a(n)________ for a traditional greeting card company like Hallmark.

Accepted Answer

A)  organizational change 
B)  stable vision 
C)  physical change 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  organizational change 
B)  stable vision 
C)  physical change 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 4

The competitive advantage perspective that focuses on structural forces within an industry, the competitive environment of firms, and how these influence competitive advantage is

Accepted Answer

A)  the industrial-organizational view. 
B)  the resource-based view. 
C)  the guerilla view. 
D)  None of these answers is correct. 
E)  All of these answers are correct. 
A)  the industrial-organizational view. 
B)  the resource-based view. 
C)  the guerilla view. 
D)  None of these answers is correct. 
E)  All of these answers are correct.

Question 5

According to the resource-based view, a firm's resources should add value, be rare, be exploited, and easy to duplicate or substitute.

Accepted Answer

A) True 
 B)False

Question 6

Describe the traditional view of corporations.

Accepted Answer

The traditional view of corporations was

Question 7

The resource-based view focuses on the structural forces within an industry, the firm's competitive environment, and how these influence competitive advantage.

Accepted Answer

A) True 
 B)False

Question 8

Ethics involves the principles that define right and wrong decisions and behavior in a work setting.

Accepted Answer

A) True 
 B)False

Question 9

In the industrial organization (I/O)view, the focus of strategic analysis is on the internal situation of the organization.

Accepted Answer

A) True 
 B)False

Question 10

Globalization is one of the driving forces in the twenty-first century business environment.

Accepted Answer

A) True 
 B)False

Question 11

Organization change is defined as a structured transition in what an organization does and how it does it.

Accepted Answer

A) True 
 B)False

Question 12

Technology has significantly impacted how a creative idea is turned into a product or process that can be used or sold.

Accepted Answer

A) True 
 B)False

Question 13

As you are studying Picture Perfect Painting's context, it seems clear that the company will have to prepare itself for continual turbulence and change. Which of the following best describes the driving forces for change that could affect the company's future?

Accepted Answer

A)  Reduced need for physical assets 
B)  Vanishing distance and compressed time 
C)  Increased vulnerability 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  Reduced need for physical assets 
B)  Vanishing distance and compressed time 
C)  Increased vulnerability 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 14

Ms. Gibson has come up with the idea of offering free house painting if the job is not completed within the time agreed. Which of the following best describes the competitive advantage perspective that Ms. Gibson is proposing?

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.

Question 15

According to the guerrilla view of competitive advantage, the state of an organization's competitive advantage is

Accepted Answer

A)  temporary. 
B)  long term. 
C)  long term based on the role of strategic leadership. 
D)  able to provide stable cash flows. 
E)  None of the answer choices is correct. 
A)  temporary. 
B)  long term. 
C)  long term based on the role of strategic leadership. 
D)  able to provide stable cash flows. 
E)  None of the answer choices is correct.

Question 16

An organization's attempt at creating and sustaining a long-term competitive advantage can be disrupted through

Accepted Answer

A)  technological advances. 
B)  market instability. 
C)  government legislation. 
D)  All of the answer choices are correct. 
E)  None of the above affect long-term competitive advantage. 
A)  technological advances. 
B)  market instability. 
C)  government legislation. 
D)  All of the answer choices are correct. 
E)  None of the above affect long-term competitive advantage.

Question 17

Physical assets encompass the actual and potential debt and equity used by the organization as well as any retained earnings or other financial holdings.

Accepted Answer

A) True 
 B)False

Question 18

Explain the guerrilla view of managing strategically.

Accepted Answer

The guerrilla view emphasizes that compe

Question 19

________ is defined as a structured transition in what an organization does and how it does it.

Accepted Answer

A)  Strategy 
B)  Strategic management 
C)  Organizational change 
D)  Globalization 
E)  Technology 
A)  Strategy 
B)  Strategic management 
C)  Organizational change 
D)  Globalization 
E)  Technology

Question 20

Competitive advantage can best be described as

Accepted Answer

A)  increased efficiency. 
B)  what sets an organization apart. 
C)  a strength of the organization. 
D)  intangible resources. 
E)  aggressive research and development. 
A)  increased efficiency. 
B)  what sets an organization apart. 
C)  a strength of the organization. 
D)  intangible resources. 
E)  aggressive research and development.

Ethics can be defined as

Ethics is both a(n) and issue and should be part of the strategic management process.

Purchasing and sending electronic greeting cards through a web site could represent a(n)________ for a traditional greeting card company like Hallmark.

The competitive advantage perspective that focuses on structural forces within an industry, the competitive environment of firms, and how these influence competitive advantage is

According to the resource-based view, a firm's resources should add value, be rare, be exploited, and easy to duplicate or substitute.

Describe the traditional view of corporations.

The resource-based view focuses on the structural forces within an industry, the firm's competitive environment, and how these influence competitive advantage.

Ethics involves the principles that define right and wrong decisions and behavior in a work setting.

In the industrial organization (I/O)view, the focus of strategic analysis is on the internal situation of the organization.

Globalization is one of the driving forces in the twenty-first century business environment.

Organization change is defined as a structured transition in what an organization does and how it does it.

Technology has significantly impacted how a creative idea is turned into a product or process that can be used or sold.

As you are studying Picture Perfect Painting's context, it seems clear that the company will have to prepare itself for continual turbulence and change. Which of the following best describes the driving forces for change that could affect the company's future?

Ms. Gibson has come up with the idea of offering free house painting if the job is not completed within the time agreed. Which of the following best describes the competitive advantage perspective that Ms. Gibson is proposing?

According to the guerrilla view of competitive advantage, the state of an organization's competitive advantage is

An organization's attempt at creating and sustaining a long-term competitive advantage can be disrupted through

Physical assets encompass the actual and potential debt and equity used by the organization as well as any retained earnings or other financial holdings.

Explain the guerrilla view of managing strategically.

________ is defined as a structured transition in what an organization does and how it does it.

Competitive advantage can best be described as

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

Ethics can be defined as

Ethics is both a(n)________ and ________ issue and should be part of the strategic management process.

Purchasing and sending electronic greeting cards through a web site could represent a(n)________ for a traditional greeting card company like Hallmark.

The competitive advantage perspective that focuses on structural forces within an industry, the competitive environment of firms, and how these influence competitive advantage is

According to the resource-based view, a firm's resources should add value, be rare, be exploited, and easy to duplicate or substitute.

Describe the traditional view of corporations.

The resource-based view focuses on the structural forces within an industry, the firm's competitive environment, and how these influence competitive advantage.

Ethics involves the principles that define right and wrong decisions and behavior in a work setting.

In the industrial organization (I/O)view, the focus of strategic analysis is on the internal situation of the organization.

Globalization is one of the driving forces in the twenty-first century business environment.

Organization change is defined as a structured transition in what an organization does and how it does it.

Technology has significantly impacted how a creative idea is turned into a product or process that can be used or sold.

As you are studying Picture Perfect Painting's context, it seems clear that the company will have to prepare itself for continual turbulence and change. Which of the following best describes the driving forces for change that could affect the company's future?

Ms. Gibson has come up with the idea of offering free house painting if the job is not completed within the time agreed. Which of the following best describes the competitive advantage perspective that Ms. Gibson is proposing?

According to the guerrilla view of competitive advantage, the state of an organization's competitive advantage is

An organization's attempt at creating and sustaining a long-term competitive advantage can be disrupted through

Physical assets encompass the actual and potential debt and equity used by the organization as well as any retained earnings or other financial holdings.

Explain the guerrilla view of managing strategically.

________ is defined as a structured transition in what an organization does and how it does it.

Competitive advantage can best be described as

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

Ethics is both a(n) and issue and should be part of the strategic management process.