Question 1

The point at which an industry-specific activity becomes common across industries and the need to keep it proprietary no longer exists is called _____.

Accepted Answer

A)  commoditization 
B)  monopolization 
C)  break-even point 
D)  captive sourcing 
A)  commoditization 
B)  monopolization 
C)  break-even point 
D)  captive sourcing A

Question 2

A competitive advantage that is sustained implies that it is permanent.

Accepted Answer

A) True 
 B)False  False

Question 3

According to the VRIO framework,valuable,rare,and hard-to-imitate resources and capabilities will lead to a competitive parity.

Accepted Answer

A) True 
 B)False  False

Question 4

A firm's resources and capabilities are the tangible and intangible assets used to choose and implement its strategies.

Accepted Answer

A) True 
 B)False

Question 5

In global business,social complexity refers to the socially intricate and interdependent ways firms are typically organized.

Accepted Answer

A) True 
 B)False

Question 6

Give an account of the political argument against outsourcing practiced by US firms.

Accepted Answer

Student answer may vary.
The political a

Question 7

Tangible resources differ from intangible resources in that tangible resources are easier to imitate.

Accepted Answer

A) True 
 B)False

Question 8

An original design manufacturer includes final assembly in its value chain activities.

Accepted Answer

A) True 
 B)False

Question 9

_____ is defined as turning over an organizational activity to an outside supplier that will perform it on behalf of the focal firm.

Accepted Answer

A)  Deregulation 
B)  Outsourcing 
C)  Commoditizing 
D)  Securitization 
A)  Deregulation 
B)  Outsourcing 
C)  Commoditizing 
D)  Securitization

Question 10

_____ refers to a combination of resources and assets that enables a firm to gain a competitive advantage.

Accepted Answer

A)  Core assets 
B)  Standard assets 
C)  Supplementary assets 
D)  Complementary assets 
A)  Core assets 
B)  Standard assets 
C)  Supplementary assets 
D)  Complementary assets

Question 11

Turning over an organizational activity to a domestic firm is called _____.

Accepted Answer

A)  captive sourcing 
B)  onshoring 
C)  offshoring 
D)  nearshoring 
A)  captive sourcing 
B)  onshoring 
C)  offshoring 
D)  nearshoring

Question 12

The resource-based view differs from the institution-based view in that the resource-based view focuses on a firm's _____.

Accepted Answer

A)  external threats and opportunities 
B)  internal strengths and weaknesses 
C)  external strengths and opportunities 
D)  internal threats and weaknesses 
A)  external threats and opportunities 
B)  internal strengths and weaknesses 
C)  external strengths and opportunities 
D)  internal threats and weaknesses

Question 13

Original brand manufacturers cover more value chain activities than original equipment manufacturers.

Accepted Answer

A) True 
 B)False

Question 14

Identify the four categories of tangible resources that a firm can possess.

Accepted Answer

The first category of tangible resources

Question 15

The SWOT analysis exclusively focuses on the value and imitability aspects of the resources and capabilities of a firm.

Accepted Answer

A) True 
 B)False

Question 16

The process of outsourcing to a domestic firm is known as captive sourcing.

Accepted Answer

A) True 
 B)False

Question 17

The difficulty of identifying the causal determinants of successful firm performance is called _____.

Accepted Answer

A)  causal determination 
B)  causal indifference 
C)  causal agency 
D)  causal ambiguity 
A)  causal determination 
B)  causal indifference 
C)  causal agency 
D)  causal ambiguity

Question 18

The resource-based view is developed on the insight that competitors do not share certain resources and capabilities specific to one's firm.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following strategies would suit a firm activity that is both firm-specific and industry-specific?

Accepted Answer

A)  Keep the activity in-house 
B)  Offshore the activity to a foreign supplier 
C)  Outsource the activity to a domestic firm 
D)  Set up a subsidiary in a foreign location to perform the activity 
A)  Keep the activity in-house 
B)  Offshore the activity to a foreign supplier 
C)  Outsource the activity to a domestic firm 
D)  Set up a subsidiary in a foreign location to perform the activity

Question 20

The perceptions of product quality,durability,and reliability are an example of _______ resources and capabilities.

Accepted Answer

A)  physical 
B)  reputational 
C)  technological 
D)  human 
A)  physical 
B)  reputational 
C)  technological 
D)  human

The point at which an industry-specific activity becomes common across industries and the need to keep it proprietary no longer exists is called _____.

A competitive advantage that is sustained implies that it is permanent.

According to the VRIO framework,valuable,rare,and hard-to-imitate resources and capabilities will lead to a competitive parity.

A firm's resources and capabilities are the tangible and intangible assets used to choose and implement its strategies.

In global business,social complexity refers to the socially intricate and interdependent ways firms are typically organized.

Give an account of the political argument against outsourcing practiced by US firms.

Tangible resources differ from intangible resources in that tangible resources are easier to imitate.

An original design manufacturer includes final assembly in its value chain activities.

_____ is defined as turning over an organizational activity to an outside supplier that will perform it on behalf of the focal firm.

_____ refers to a combination of resources and assets that enables a firm to gain a competitive advantage.

Turning over an organizational activity to a domestic firm is called _____.

The resource-based view differs from the institution-based view in that the resource-based view focuses on a firm's _____.

Original brand manufacturers cover more value chain activities than original equipment manufacturers.

Identify the four categories of tangible resources that a firm can possess.

The SWOT analysis exclusively focuses on the value and imitability aspects of the resources and capabilities of a firm.

The process of outsourcing to a domestic firm is known as captive sourcing.

The difficulty of identifying the causal determinants of successful firm performance is called _____.

The resource-based view is developed on the insight that competitors do not share certain resources and capabilities specific to one's firm.

Which of the following strategies would suit a firm activity that is both firm-specific and industry-specific?

The perceptions of product quality,durability,and reliability are an example of _______ resources and capabilities.

Globalizing Business

Understanding Formal Institutions: Politics, Laws, and Economics

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters

Exam 4: Leveraging Resources and Capabilities

The point at which an industry-specific activity becomes common across industries and the need to keep it proprietary no longer exists is called _____.

A competitive advantage that is sustained implies that it is permanent.

According to the VRIO framework,valuable,rare,and hard-to-imitate resources and capabilities will lead to a competitive parity.

A firm's resources and capabilities are the tangible and intangible assets used to choose and implement its strategies.

In global business,social complexity refers to the socially intricate and interdependent ways firms are typically organized.

Give an account of the political argument against outsourcing practiced by US firms.

Tangible resources differ from intangible resources in that tangible resources are easier to imitate.

An original design manufacturer includes final assembly in its value chain activities.

_____ is defined as turning over an organizational activity to an outside supplier that will perform it on behalf of the focal firm.

_____ refers to a combination of resources and assets that enables a firm to gain a competitive advantage.

Turning over an organizational activity to a domestic firm is called _____.

The resource-based view differs from the institution-based view in that the resource-based view focuses on a firm's _____.

Original brand manufacturers cover more value chain activities than original equipment manufacturers.

Identify the four categories of tangible resources that a firm can possess.

The SWOT analysis exclusively focuses on the value and imitability aspects of the resources and capabilities of a firm.

The process of outsourcing to a domestic firm is known as captive sourcing.

The difficulty of identifying the causal determinants of successful firm performance is called _____.

The resource-based view is developed on the insight that competitors do not share certain resources and capabilities specific to one's firm.

Which of the following strategies would suit a firm activity that is both firm-specific and industry-specific?

The perceptions of product quality,durability,and reliability are an example of _______ resources and capabilities.

Globalizing Business

Understanding Formal Institutions: Politics, Laws, and Economics

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters