Question 1

What term best describes a set of values,beliefs,and norms of behavior shared by a firm's members that influence employee preferences and behaviors?

Accepted Answer

A)  Codes 
B)  Routines 
C)  Culture 
D)  Influence 
E)  Mind-sets 
A)  Codes 
B)  Routines 
C)  Culture 
D)  Influence 
E)  Mind-sets

Question 2

What aspect(s)of internal context are important in situations of chronic goal conflict?

Accepted Answer

A)  Formal authority 
B)  Formal controls 
C)  Contracts 
D)  Power and culture 
E)  Exclusive dealings 
A)  Formal authority 
B)  Formal controls 
C)  Contracts 
D)  Power and culture 
E)  Exclusive dealings

Question 3

Which of the following was not one of the power bases that Francis "Jack" Reith used to push the development of the 1957 Ford Mercury?

Accepted Answer

A)  He was a dynamic and charismatic leader 
B)  He was intelligent and effective at persuading others 
C)  He had a track record of success 
D)  He had position power 
E)  He threatened punishment to anyone who opposed the idea 
A)  He was a dynamic and charismatic leader 
B)  He was intelligent and effective at persuading others 
C)  He had a track record of success 
D)  He had position power 
E)  He threatened punishment to anyone who opposed the idea

Question 4

Which of the following statements is least true regarding institutions?

Accepted Answer

A)  Institutions can involve formal regulation of firms by governmental agencies 
B)  Institutions can involve formal regulation of firms by nongovernmental regulatory organizations 
C)  Institutions can be less formal and involve ongoing power/dependence relationships between firms 
D)  Institutional arrangements may embody general patterns of values, beliefs, ad behavioral norms that motivate and stabilize affected firms 
E)  None of the above 
A)  Institutions can involve formal regulation of firms by governmental agencies 
B)  Institutions can involve formal regulation of firms by nongovernmental regulatory organizations 
C)  Institutions can be less formal and involve ongoing power/dependence relationships between firms 
D)  Institutional arrangements may embody general patterns of values, beliefs, ad behavioral norms that motivate and stabilize affected firms 
E)  None of the above

Question 5

Individuals and firms that seek to gain power by reducing dependence on other actors while increasing the dependence of others on themselves are creating which of the following?

Accepted Answer

A)  Implicit dependence 
B)  Explicit dependence 
C)  Resource dependence 
D)  Formal Dependence 
E)  Absolute dependence 
A)  Implicit dependence 
B)  Explicit dependence 
C)  Resource dependence 
D)  Formal Dependence 
E)  Absolute dependence

Question 6

Which of the following is an example of informal regulations with respect to a firm's social context?

Accepted Answer

A)  Contracting 
B)  Employment practices 
C)  Pricing 
D)  Entry-deterring behaviors 
E)  Cultural norms 
A)  Contracting 
B)  Employment practices 
C)  Pricing 
D)  Entry-deterring behaviors 
E)  Cultural norms

Question 7

Which of the following statements is least true regarding the costs that regulation imposes on firms?

Accepted Answer

A)  Regulation costs include lower prices for goods that consumers pay 
B)  Regulation costs include costs of compliance 
C)  Regulation costs include increased business costs due to noncompliance 
D)  Regulation costs include the costs of strategic options that must be forgone because of regulations 
E)  Regulation costs include potential distortions to a market that may result from the imperfections of a given regulatory regime 
A)  Regulation costs include lower prices for goods that consumers pay 
B)  Regulation costs include costs of compliance 
C)  Regulation costs include increased business costs due to noncompliance 
D)  Regulation costs include the costs of strategic options that must be forgone because of regulations 
E)  Regulation costs include potential distortions to a market that may result from the imperfections of a given regulatory regime

Question 8

What technique did Google use to preserve its "evil-free" culture when going public with an initial public offering in 2004?

Accepted Answer

A)  Used an IPO underwriter 
B)  Allow clients to purchase underpriced IPO shares 
C)  Used a "Dutch auction" 
D)  Committed to sell a certain number of shares at a set price 
E)  Drastically underpriced its shares (by 200%) 
A)  Used an IPO underwriter 
B)  Allow clients to purchase underpriced IPO shares 
C)  Used a "Dutch auction" 
D)  Committed to sell a certain number of shares at a set price 
E)  Drastically underpriced its shares (by 200%)

Question 9

Which of the following refers to when a firm with a patent uses its market power to set a high price - cost margin?

Accepted Answer

A)  Cost power 
B)  Pricing power 
C)  Legal power 
D)  Limiting power 
E)  Structural power 
A)  Cost power 
B)  Pricing power 
C)  Legal power 
D)  Limiting power 
E)  Structural power

Question 10

Which of the following is the most visible example of a firm's social context?

Accepted Answer

A)  Employment practices 
B)  Contracting 
C)  Regulation 
D)  Entry-deterring behaviors 
E)  Formal controls 
A)  Employment practices 
B)  Contracting 
C)  Regulation 
D)  Entry-deterring behaviors 
E)  Formal controls

What term best describes a set of values,beliefs,and norms of behavior shared by a firm's members that influence employee preferences and behaviors?

What aspect(s)of internal context are important in situations of chronic goal conflict?

Which of the following was not one of the power bases that Francis "Jack" Reith used to push the development of the 1957 Ford Mercury?

Which of the following statements is least true regarding institutions?

Individuals and firms that seek to gain power by reducing dependence on other actors while increasing the dependence of others on themselves are creating which of the following?

Which of the following is an example of informal regulations with respect to a firm's social context?

Which of the following statements is least true regarding the costs that regulation imposes on firms?

What technique did Google use to preserve its "evil-free" culture when going public with an initial public offering in 2004?

Which of the following refers to when a firm with a patent uses its market power to set a high price - cost margin?

Which of the following is the most visible example of a firm's social context?

The Power of Principles: an Historical Perspective

Economies of Scale and Scope

The Vertical Boundaries of the Firm

Integration and Its Alternatives

Competitors and Competition

Entry and Exit

The Dynamics Competing Across Time

Industry Analysis

Strategic Positioning for Competitive Advantage

Information and Value Creation

Sustaining Competitive Advantage

Performance Measurement and Incentives

Strategy and Structure

Filters

Exam 14: Environment, power, and Culture

What term best describes a set of values,beliefs,and norms of behavior shared by a firm's members that influence employee preferences and behaviors?

What aspect(s)of internal context are important in situations of chronic goal conflict?

Which of the following was not one of the power bases that Francis "Jack" Reith used to push the development of the 1957 Ford Mercury?

Which of the following statements is least true regarding institutions?

Individuals and firms that seek to gain power by reducing dependence on other actors while increasing the dependence of others on themselves are creating which of the following?

Which of the following is an example of informal regulations with respect to a firm's social context?

Which of the following statements is least true regarding the costs that regulation imposes on firms?

What technique did Google use to preserve its "evil-free" culture when going public with an initial public offering in 2004?

Which of the following refers to when a firm with a patent uses its market power to set a high price - cost margin?

Which of the following is the most visible example of a firm's social context?

The Power of Principles: an Historical Perspective

Economies of Scale and Scope

The Vertical Boundaries of the Firm

Integration and Its Alternatives

Competitors and Competition

Entry and Exit

The Dynamics Competing Across Time

Industry Analysis

Strategic Positioning for Competitive Advantage

Information and Value Creation

Sustaining Competitive Advantage

Performance Measurement and Incentives

Strategy and Structure

Filters