Question 1

An example of a potential organizational stakeholder is a trade association.

Accepted Answer

A) True 
 B)False

Question 2

The industrial organization (I/O)view proposes that an organization's competitive advantage is only temporary and can be gained only by peppering the competitive marketplace with rapid radical surprises.

Accepted Answer

A) True 
 B)False

Question 3

Ms. Gibson has decided the company's employees are their best organizational asset. This asset is an example of which type of resource?

Accepted Answer

A)  Financial assets 
B)  Physical assets 
C)  Human resource assets 
D)  Intangible assets 
E)  Structural-cultural assets 
A)  Financial assets 
B)  Physical assets 
C)  Human resource assets 
D)  Intangible assets 
E)  Structural-cultural assets

Question 4

An organization will have ________ mission(s), but ________ vision(s).

Accepted Answer

A)  several; several 
B)  one; several 
C)  several; one 
D)  one; one 
E)  None of the answer choices is correct. 
A)  several; several 
B)  one; several 
C)  several; one 
D)  one; one 
E)  None of the answer choices is correct.

Question 5

Experiences, characteristics, and knowledge are all aspects that represent

Accepted Answer

A)  financial resources. 
B)  intangible resources. 
C)  human resources. 
D)  physical resources. 
E)  structural resources. 
A)  financial resources. 
B)  intangible resources. 
C)  human resources. 
D)  physical resources. 
E)  structural resources.

Question 6

Which of the following is not an example of a stakeholder?

Accepted Answer

A)  Political action groups 
B)  Trade associations 
C)  Customers 
D)  Government 
E)  All of the above are stakeholders. 
A)  Political action groups 
B)  Trade associations 
C)  Customers 
D)  Government 
E)  All of the above are stakeholders.

Question 7

An example of ethical behavior by an organization would be

Accepted Answer

A)  a chemical company dumping toxic waste into a lake. 
B)  a cigarette manufacturer that fails to warn potential consumers about the hazards of tobacco. 
C)  a toy company that makes products that might be life threatening. 
D)  a company that develops a fund-raising campaign that would help its primary consumer group. 
E)  None of the answer choices is correct. 
A)  a chemical company dumping toxic waste into a lake. 
B)  a cigarette manufacturer that fails to warn potential consumers about the hazards of tobacco. 
C)  a toy company that makes products that might be life threatening. 
D)  a company that develops a fund-raising campaign that would help its primary consumer group. 
E)  None of the answer choices is correct.

Question 8

The following are all components of an organizational vision except

Accepted Answer

A)  a strong connection to the organization's core values and beliefs. 
B)  strategy based on the results of a focus group. 
C)  elaboration of a purpose for the organization. 
D)  summary of the organization's operations or what it does. 
E)  specification of broad goals. 
A)  a strong connection to the organization's core values and beliefs. 
B)  strategy based on the results of a focus group. 
C)  elaboration of a purpose for the organization. 
D)  summary of the organization's operations or what it does. 
E)  specification of broad goals.

Question 9

The three components that form the three critical success factors include

Accepted Answer

A)  the ability to embrace change, creativity and innovation capabilities, and being a world-class organization. 
B)  strategy formulation, strategy implementation, and strategy evaluation. 
C)  corporate, functional, and competitive strategies. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  the ability to embrace change, creativity and innovation capabilities, and being a world-class organization. 
B)  strategy formulation, strategy implementation, and strategy evaluation. 
C)  corporate, functional, and competitive strategies. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 10

Stakeholders are individuals or groups who have a stake in or are significantly influenced by an organization's decisions and actions and who, in turn, can influence the organization.

Accepted Answer

A) True 
 B)False

Question 11

Compare and contrast the industrial organization (I/O)and resource-based views (RBV).

Accepted Answer

The I/O view develops a competitive adva

Question 12

Which of the following factor(s)is(are)considered to make an organization's resources unique?

Accepted Answer

A)  Durability 
B)  Imitability 
C)  Quality 
D)  Efficiency 
E)  Effectiveness 
A)  Durability 
B)  Imitability 
C)  Quality 
D)  Efficiency 
E)  Effectiveness

Question 13

Companies such as Google and Apple are finding that they can achieve a sustainable competitive advantage with

Accepted Answer

A)  physical assets. 
B)  physical distance. 
C)  non-physical assets. 
D)  vanishing distance. 
E)  All of the answer choices are correct. 
A)  physical assets. 
B)  physical distance. 
C)  non-physical assets. 
D)  vanishing distance. 
E)  All of the answer choices are correct.

Question 14

Define stakeholders. Describe some potential organizational stakeholders. Why are stakeholders important?

Accepted Answer

Stakeholders are individuals or groups w

Question 15

An organizational vision is a broad comprehensive picture of what a leader wants an organization to become.

Accepted Answer

A) True 
 B)False

Question 16

Factors critical to success in the new business environment are the ability to embrace change, creativity and innovation capabilities, and being a world-class organization.

Accepted Answer

A) True 
 B)False

Question 17

All of the following reflect important issues in the new business environment except

Accepted Answer

A)  the information revolution. 
B)  technological advances and breakthroughs. 
C)  globalization. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  the information revolution. 
B)  technological advances and breakthroughs. 
C)  globalization. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 18

The ________ should elaborate a purpose for the organization.

Accepted Answer

A)  vision 
B)  competitive strategy 
C)  mission 
D)  strategy 
E)  None of the answer choices is correct. 
A)  vision 
B)  competitive strategy 
C)  mission 
D)  strategy 
E)  None of the answer choices is correct.

Question 19

Change agents are

Accepted Answer

A)  manipulators that facilitate change to improve an organization's revenue. 
B)  those who initiate and oversee the change efforts. 
C)  the leader who single-handedly is responsible for an organization's success through authoritarian leadership. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  manipulators that facilitate change to improve an organization's revenue. 
B)  those who initiate and oversee the change efforts. 
C)  the leader who single-handedly is responsible for an organization's success through authoritarian leadership. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

Question 20

The ability to access information with great speed reflects the impact of

Accepted Answer

A)  the information revolution. 
B)  technological advances and breakthroughs. 
C)  globalization. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct. 
A)  the information revolution. 
B)  technological advances and breakthroughs. 
C)  globalization. 
D)  All of the answer choices are correct. 
E)  None of the answer choices is correct.

An example of a potential organizational stakeholder is a trade association.

The industrial organization (I/O)view proposes that an organization's competitive advantage is only temporary and can be gained only by peppering the competitive marketplace with rapid radical surprises.

Ms. Gibson has decided the company's employees are their best organizational asset. This asset is an example of which type of resource?

An organization will have mission(s), but vision(s).

Experiences, characteristics, and knowledge are all aspects that represent

Which of the following is not an example of a stakeholder?

An example of ethical behavior by an organization would be

The following are all components of an organizational vision except

The three components that form the three critical success factors include

Stakeholders are individuals or groups who have a stake in or are significantly influenced by an organization's decisions and actions and who, in turn, can influence the organization.

Compare and contrast the industrial organization (I/O)and resource-based views (RBV).

Which of the following factor(s)is(are)considered to make an organization's resources unique?

Companies such as Google and Apple are finding that they can achieve a sustainable competitive advantage with

Define stakeholders. Describe some potential organizational stakeholders. Why are stakeholders important?

An organizational vision is a broad comprehensive picture of what a leader wants an organization to become.

Factors critical to success in the new business environment are the ability to embrace change, creativity and innovation capabilities, and being a world-class organization.

All of the following reflect important issues in the new business environment except

The ________ should elaborate a purpose for the organization.

Change agents are

The ability to access information with great speed reflects the impact of

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

An example of a potential organizational stakeholder is a trade association.

The industrial organization (I/O)view proposes that an organization's competitive advantage is only temporary and can be gained only by peppering the competitive marketplace with rapid radical surprises.

Ms. Gibson has decided the company's employees are their best organizational asset. This asset is an example of which type of resource?

An organization will have ________ mission(s), but ________ vision(s).

Experiences, characteristics, and knowledge are all aspects that represent

Which of the following is not an example of a stakeholder?

An example of ethical behavior by an organization would be

The following are all components of an organizational vision except

The three components that form the three critical success factors include

Stakeholders are individuals or groups who have a stake in or are significantly influenced by an organization's decisions and actions and who, in turn, can influence the organization.

Compare and contrast the industrial organization (I/O)and resource-based views (RBV).

Which of the following factor(s)is(are)considered to make an organization's resources unique?

Companies such as Google and Apple are finding that they can achieve a sustainable competitive advantage with

Define stakeholders. Describe some potential organizational stakeholders. Why are stakeholders important?

An organizational vision is a broad comprehensive picture of what a leader wants an organization to become.

Factors critical to success in the new business environment are the ability to embrace change, creativity and innovation capabilities, and being a world-class organization.

All of the following reflect important issues in the new business environment except

The ________ should elaborate a purpose for the organization.

Change agents are

The ability to access information with great speed reflects the impact of

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

An organization will have mission(s), but vision(s).