Question 1

Which of the following is most true regarding the strategic value of institutional logics?

Accepted Answer

A) When institutional logics are stable,they have the most strategic importance 
B) Institutional logics are coveted by firms (not taken for granted) 
C) If firms share an institutional logic,the logic provides a basis for relative advantage among firms 
D) Institutional logics are valuable because they raise the costs for firms adapting to their environments 
E) Competitive advantage must come on some other dimension than institutional logic if firms share that institutional logic 
A) When institutional logics are stable,they have the most strategic importance 
B) Institutional logics are coveted by firms (not taken for granted) 
C) If firms share an institutional logic,the logic provides a basis for relative advantage among firms 
D) Institutional logics are valuable because they raise the costs for firms adapting to their environments 
E) Competitive advantage must come on some other dimension than institutional logic if firms share that institutional logic

Question 2

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 3

Which of the following terms best describes ability that stems from the explicit contractual decision-making and dispute-resolution rights that a firm (or some other source)grants to an individual?

Accepted Answer

A) Power 
B) Authority 
C) Culture 
D) Influence 
E) Contracts 
A) Power 
B) Authority 
C) Culture 
D) Influence 
E) Contracts

Question 4

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 5

Which of the following terms best describes a transfer between two or more parties or resources,or rights to control resources,which occurs outside the terms of a market context?

Accepted Answer

A) Power exchange 
B) Social exchange 
C) Authority exchange 
D) Knowledge exchange 
E) Formal exchanges 
A) Power exchange 
B) Social exchange 
C) Authority exchange 
D) Knowledge exchange 
E) Formal exchanges

Question 6

Which of the following statements is least true regarding how culture can serve as a control within organizations?

Accepted Answer

A) Culture controls the activities of employees on the basis of monitoring rather than firm attachment 
B) Individuals who value belonging to the culture will align their individual goals and behaviors to those of the firm 
C) The efficiency of culture as a control can be attributed in part to individuals controlling themselves 
D) The efficiency of culture as a control can be attributed in part to monitoring costs being reduced 
E) The efficiency of culture as a control can be attributed in part to opportunism being held to a minimum 
A) Culture controls the activities of employees on the basis of monitoring rather than firm attachment 
B) Individuals who value belonging to the culture will align their individual goals and behaviors to those of the firm 
C) The efficiency of culture as a control can be attributed in part to individuals controlling themselves 
D) The efficiency of culture as a control can be attributed in part to monitoring costs being reduced 
E) The efficiency of culture as a control can be attributed in part to opportunism being held to a minimum

Question 7

Which of the following is not a way firms suffering from dependence relationships can take action to reduce their dependence on buyers or suppliers?

Accepted Answer

A) Vertical integration 
B) Using a monopolist buyer/supplier 
C) Long-term contracting 
D) Joint ventures 
E) Alliances 
A) Vertical integration 
B) Using a monopolist buyer/supplier 
C) Long-term contracting 
D) Joint ventures 
E) Alliances

Question 8

What is the source from which a person derives legitimate or formal power?

Accepted Answer

A) Due to status 
B) Possession of specialized knowledge 
C) Ability to punish 
D) Ability to grant rewards 
E) Position within a hierarchy 
A) Due to status 
B) Possession of specialized knowledge 
C) Ability to punish 
D) Ability to grant rewards 
E) Position within a hierarchy

Question 9

Which of the following statements is least true regarding the conditions John Barney identifies under which culture can be a source of sustained competitive advantage?

Accepted Answer

A) Culture should be imitable 
B) Culture must be valuable for the firm 
C) If culture is common to most firms in the market,so that it reflects the influence of the national or regional culture,then it is unlikely to lead to a relative competitive advantage 
D) If factors of a firm's culture are easy to copy,other firms will begin to do so,which will nullify any advantage for the firm where the culture first developed 
E) Something about the firm's culture and values must be linked to the value the firm creates for customers 
A) Culture should be imitable 
B) Culture must be valuable for the firm 
C) If culture is common to most firms in the market,so that it reflects the influence of the national or regional culture,then it is unlikely to lead to a relative competitive advantage 
D) If factors of a firm's culture are easy to copy,other firms will begin to do so,which will nullify any advantage for the firm where the culture first developed 
E) Something about the firm's culture and values must be linked to the value the firm creates for customers

Question 10

What term best refers to interrelated beliefs,values,material practices,and norms of behavior that exist in an industry at any given time?

Accepted Answer

A) Institutional elements 
B) Institutional standards 
C) Institutional influences 
D) Institutional logics 
E) Institutional ideas 
A) Institutional elements 
B) Institutional standards 
C) Institutional influences 
D) Institutional logics 
E) Institutional ideas

Question 11

Which of the following is least true with regard to presidential power?

Accepted Answer

A) Presidential power is the ability to influence the people who make and implement government policies 
B) Presidential power only consists of the president taking direct action on some front 
C) The bargaining advantage that comes with the presidential office enables the president to persuade others to work in his interest 
D) A source of presidential power is professional reputation,which comprises the expectations of professional politicians,bureaucrats,and others in the political community regarding the president's power and his willingness to use it 
E) The president's prestige among the public is a source of presidential power 
A) Presidential power is the ability to influence the people who make and implement government policies 
B) Presidential power only consists of the president taking direct action on some front 
C) The bargaining advantage that comes with the presidential office enables the president to persuade others to work in his interest 
D) A source of presidential power is professional reputation,which comprises the expectations of professional politicians,bureaucrats,and others in the political community regarding the president's power and his willingness to use it 
E) The president's prestige among the public is a source of presidential power

Question 12

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 13

Which of the following statements regarding institutions is true?

Accepted Answer

A) Institutions do not involve formal regulation of firms by governmental agencies 
B) Institutions do not involve formal regulation of firms by nongovernmental regulatory organizations 
C) Institutions are more formal and involve ongoing power/dependence relationships between firms 
D) Institutional arrangements do not embody general patterns of values,beliefs,ad behavioral norms that motivate and stabilize affected firms 
E) None of the above 
A) Institutions do not involve formal regulation of firms by governmental agencies 
B) Institutions do not involve formal regulation of firms by nongovernmental regulatory organizations 
C) Institutions are more formal and involve ongoing power/dependence relationships between firms 
D) Institutional arrangements do not embody general patterns of values,beliefs,ad behavioral norms that motivate and stabilize affected firms 
E) None of the above

Which of the following is most true regarding the strategic value of institutional logics?

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

Which of the following terms best describes ability that stems from the explicit contractual decision-making and dispute-resolution rights that a firm (or some other source)grants to an individual?

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 terms best describes a transfer between two or more parties or resources,or rights to control resources,which occurs outside the terms of a market context?

Which of the following statements is least true regarding how culture can serve as a control within organizations?

Which of the following is not a way firms suffering from dependence relationships can take action to reduce their dependence on buyers or suppliers?

What is the source from which a person derives legitimate or formal power?

Which of the following statements is least true regarding the conditions John Barney identifies under which culture can be a source of sustained competitive advantage?

What term best refers to interrelated beliefs,values,material practices,and norms of behavior that exist in an industry at any given time?

Which of the following is least true with regard to presidential power?

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

Which of the following statements regarding institutions is true?

The Power of Principles: A Historical Perspective

The Horizontal Boundaries of the Firm

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

Economics Primer

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Exam 14: Environment, Power, and Culture

Which of the following is most true regarding the strategic value of institutional logics?

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

Which of the following terms best describes ability that stems from the explicit contractual decision-making and dispute-resolution rights that a firm (or some other source)grants to an individual?

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 terms best describes a transfer between two or more parties or resources,or rights to control resources,which occurs outside the terms of a market context?

Which of the following statements is least true regarding how culture can serve as a control within organizations?

Which of the following is not a way firms suffering from dependence relationships can take action to reduce their dependence on buyers or suppliers?

What is the source from which a person derives legitimate or formal power?

Which of the following statements is least true regarding the conditions John Barney identifies under which culture can be a source of sustained competitive advantage?

What term best refers to interrelated beliefs,values,material practices,and norms of behavior that exist in an industry at any given time?

Which of the following is least true with regard to presidential power?

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

Which of the following statements regarding institutions is true?

The Power of Principles: A Historical Perspective

The Horizontal Boundaries of the Firm

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

Economics Primer

Filters