Question 1

Organizational stakeholders include:

Accepted Answer

A)  unions. 
B)  host communities. 
C)  employees. 
D)  suppliers of capital. 
A)  unions. 
B)  host communities. 
C)  employees. 
D)  suppliers of capital.

Question 2

PGG Mining is making a strategic decision whether to shut down a coal mine in Pennsylvania. It is important to consider that the decision:

Accepted Answer

A)  should be based solely on the results of the CEO's approval of the mine's general manager. 
B)  has ethical implications for organizational stakeholders. 
C)  need not be socially responsible if the firm is making below-average returns from the mine. 
D)  All of these choices are important to consider. 
A)  should be based solely on the results of the CEO's approval of the mine's general manager. 
B)  has ethical implications for organizational stakeholders. 
C)  need not be socially responsible if the firm is making below-average returns from the mine. 
D)  All of these choices are important to consider.

Question 3

Which of the following statements is most consistent with the I/O view? Performance of a firm is most directly attributable to:

Accepted Answer

A)  the power of the financial market stakeholders. 
B)  the resources the firm possesses. 
C)  the profitability of the industry in which the firm competes. 
D)  hypercompetition within the industry. 
A)  the power of the financial market stakeholders. 
B)  the resources the firm possesses. 
C)  the profitability of the industry in which the firm competes. 
D)  hypercompetition within the industry.

Question 4

Customers, suppliers, unions, and local governments are examples of capital market stakeholders.

Accepted Answer

A) True 
 B)False

Question 5

Before liquidating during a bankruptcy, a company will take several actions to try to satisfy its ______ stakeholders.

Accepted Answer

A)  capital market 
B)  product market 
C)  organizational 
D)  governmental 
A)  capital market 
B)  product market 
C)  organizational 
D)  governmental

Question 6

The rate of growth of Internet-based applications could be affected by strategies of Internet service providers charging users for downloading those applications.

Accepted Answer

A) True 
 B)False

Question 7

Dissatisfied capital market stakeholders may:

Accepted Answer

A)  sell their stock. 
B)  tighten loan covenants. 
C)  seek to increase their power. 
D)  All of these options are correct. 
A)  sell their stock. 
B)  tighten loan covenants. 
C)  seek to increase their power. 
D)  All of these options are correct.

Question 8

Organizational mission statements typically do not include statements about profitability and earning above-average returns.

Accepted Answer

A) True 
 B)False

Question 9

Successful strategic leaders are:

Accepted Answer

A)  committed to helping the firm to create value for all stakeholder groups. 
B)  committed to nurturing those around them. 
C)  decisive. 
D)  All of these options are correct. 
A)  committed to helping the firm to create value for all stakeholder groups. 
B)  committed to nurturing those around them. 
C)  decisive. 
D)  All of these options are correct.

Question 10

Organizational stakeholders are the firm's internal resources, capabilities, and core competencies that are used to accomplish what may appear to be unattainable goals in the competitive environment.

Accepted Answer

A) True 
 B)False

Question 11

Although Alibaba is competing in the internet services industry, it has improved its performance by focusing on innovation and service diversification. This improved performance is best explained by:

Accepted Answer

A)  globalization. 
B)  the resource-based model. 
C)  the I/O model. 
D)  hypercompetition. 
A)  globalization. 
B)  the resource-based model. 
C)  the I/O model. 
D)  hypercompetition.

Question 12

Product market stakeholders include

Accepted Answer

A)  suppliers. 
B)  shareholders. 
C)  employees. 
D)  the firm's chief executive officer. 
A)  suppliers. 
B)  shareholders. 
C)  employees. 
D)  the firm's chief executive officer.

Question 13

Product market stakeholders include the firm's customers, and the principal concern of this stakeholder group is:

Accepted Answer

A)  maximizing the firm's return on investment. 
B)  receiving the highest-quality services in the industry at any price. 
C)  obtaining reliable products at the lowest possible price. 
D)  increasing the profitability of the firm. 
A)  maximizing the firm's return on investment. 
B)  receiving the highest-quality services in the industry at any price. 
C)  obtaining reliable products at the lowest possible price. 
D)  increasing the profitability of the firm.

Question 14

All of the following are characteristics of the global economy EXCEPT:

Accepted Answer

A)  the increasing importance of developing countries as sources of revenue growth. 
B)  the free movement of goods, services, people, skills, and ideas across geographic borders. 
C)  the increased use of tariffs to protect industries. 
D)  higher levels of opportunities and challenges in new geographic markets. 
A)  the increasing importance of developing countries as sources of revenue growth. 
B)  the free movement of goods, services, people, skills, and ideas across geographic borders. 
C)  the increased use of tariffs to protect industries. 
D)  higher levels of opportunities and challenges in new geographic markets.

Question 15

In order to cope with hypercompetition, firms need to develop ______ through continuous learning.

Accepted Answer

A)  competitive resilience 
B)  strategic flexibility 
C)  strategic power 
D)  competitive dominance 
A)  competitive resilience 
B)  strategic flexibility 
C)  strategic power 
D)  competitive dominance

Question 16

Alligator Enterprises has earned above-average returns since its founding five years ago. No other firm has challenged Alligator in its particular market niche; therefore, the firm's owners can feel secure that Alligator has established a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 17

Knowledge is composed of all the following EXCEPT:

Accepted Answer

A)  insight. 
B)  expertise. 
C)  information. 
D)  intelligence. 
A)  insight. 
B)  expertise. 
C)  information. 
D)  intelligence.

Question 18

Effective strategic leaders are chosen based on:

Accepted Answer

A)  their capabilities and accumulation of human capital over time. 
B)  their single-minded focus on strategy formation. 
C)  their aptitude for strategy implementation. 
D)  their focus on innovation. 
A)  their capabilities and accumulation of human capital over time. 
B)  their single-minded focus on strategy formation. 
C)  their aptitude for strategy implementation. 
D)  their focus on innovation.

Question 19

Hourly workers on the production line of a chicken-processing plant are considered organizational stakeholders.

Accepted Answer

A) True 
 B)False

Question 20

Organizational stakeholders are usually satisfied when

Accepted Answer

A)  their return on investment has been maximized. 
B)  customers pay the highest sustainable price for the goods and services they receive. 
C)  companies provide a dynamic, stimulating, and rewarding work environment. 
D)  companies are paying the highest prices to suppliers. 
A)  their return on investment has been maximized. 
B)  customers pay the highest sustainable price for the goods and services they receive. 
C)  companies provide a dynamic, stimulating, and rewarding work environment. 
D)  companies are paying the highest prices to suppliers.

Organizational stakeholders include:

PGG Mining is making a strategic decision whether to shut down a coal mine in Pennsylvania. It is important to consider that the decision:

Which of the following statements is most consistent with the I/O view? Performance of a firm is most directly attributable to:

Customers, suppliers, unions, and local governments are examples of capital market stakeholders.

Before liquidating during a bankruptcy, a company will take several actions to try to satisfy its ______ stakeholders.

The rate of growth of Internet-based applications could be affected by strategies of Internet service providers charging users for downloading those applications.

Dissatisfied capital market stakeholders may:

Organizational mission statements typically do not include statements about profitability and earning above-average returns.

Successful strategic leaders are:

Organizational stakeholders are the firm's internal resources, capabilities, and core competencies that are used to accomplish what may appear to be unattainable goals in the competitive environment.

Although Alibaba is competing in the internet services industry, it has improved its performance by focusing on innovation and service diversification. This improved performance is best explained by:

Product market stakeholders include

Product market stakeholders include the firm's customers, and the principal concern of this stakeholder group is:

All of the following are characteristics of the global economy EXCEPT:

In order to cope with hypercompetition, firms need to develop ______ through continuous learning.

Alligator Enterprises has earned above-average returns since its founding five years ago. No other firm has challenged Alligator in its particular market niche; therefore, the firm's owners can feel secure that Alligator has established a competitive advantage.

Knowledge is composed of all the following EXCEPT:

Effective strategic leaders are chosen based on:

Hourly workers on the production line of a chicken-processing plant are considered organizational stakeholders.

Organizational stakeholders are usually satisfied when

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters

Exam 1: Strategic Management and Strategic Competitiveness

Organizational stakeholders include:

PGG Mining is making a strategic decision whether to shut down a coal mine in Pennsylvania. It is important to consider that the decision:

Which of the following statements is most consistent with the I/O view? Performance of a firm is most directly attributable to:

Customers, suppliers, unions, and local governments are examples of capital market stakeholders.

Before liquidating during a bankruptcy, a company will take several actions to try to satisfy its ______ stakeholders.

The rate of growth of Internet-based applications could be affected by strategies of Internet service providers charging users for downloading those applications.

Dissatisfied capital market stakeholders may:

Organizational mission statements typically do not include statements about profitability and earning above-average returns.

Successful strategic leaders are:

Organizational stakeholders are the firm's internal resources, capabilities, and core competencies that are used to accomplish what may appear to be unattainable goals in the competitive environment.

Although Alibaba is competing in the internet services industry, it has improved its performance by focusing on innovation and service diversification. This improved performance is best explained by:

Product market stakeholders include

Product market stakeholders include the firm's customers, and the principal concern of this stakeholder group is:

All of the following are characteristics of the global economy EXCEPT:

In order to cope with hypercompetition, firms need to develop ______ through continuous learning.

Alligator Enterprises has earned above-average returns since its founding five years ago. No other firm has challenged Alligator in its particular market niche; therefore, the firm's owners can feel secure that Alligator has established a competitive advantage.

Knowledge is composed of all the following EXCEPT:

Effective strategic leaders are chosen based on:

Hourly workers on the production line of a chicken-processing plant are considered organizational stakeholders.

Organizational stakeholders are usually satisfied when

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters