WPC 480 FINAL EXAM QUESTIONS AND ANSWERS
Which of the following is an example of a business acting upon an organizational core
value? - Answers - pegasus autos reduces engine emissions below federal guidelines
to reduce pollution
Rapida Inc. and Click Inc. are two companies that have been manufacturing typewriters
for almost 30 years. Due to the reduced demand for typewriters today, both companies'
average return on invested capital is approximately -5 percent. The current industry
average is 2 percent. In this scenario, Rapida Inc. and Click Inc. most likely have -
Answers - competitive parity with each other
Pioneer Pharma Inc. and GH Medicines Corp. are two competing firms in the
pharmaceutical industry. While Pioneer Pharma Inc.'s vision is "to be a preeminent drug
manufacturer in the industry," GH Medicines Corp.'s vision is "to make good health a
reality for everyone around the world." Which of the following is an implication of these
different visions? - Answers - GH Medicines will be more flexible than Pioneer Pharma
when adapting to changing environments.
While creating its AFI strategy framework, Valdez Consultants decided what markets
the firm should compete in. By doing this, what type of strategy did the company
devise? - Answers - corporate strategy
You are the manager in charge of setting the strategy for a new frozen yogurt company.
Which of the following questions would be appropriate for you to ask during the analysis
phase of the AFI strategy framework? - Answers - How have consumer preferences in
frozen yogurt flavors changed in the last five years?
The CEO of Mabel Automobiles was the child of parents who had difficulty making
enough money to support their family. As a result, he and his siblings did not have
access to many advantages that children from wealthier families had. This CEO,
therefore, emphasized making affordable, low-maintenance vehicles that could be
bought by low-income households. Which of the following does this example
demonstrate? - Answers - upper-echelons theory
Which of the following summarizes the difference between corporate strategy and
business strategy? - Answers - Corporate strategy deals with where to compete;
business strategy deals with how to compete.
Burke Furnishings is a company that manufactures and sells home furniture. It sources
its materials from another country to keep costs low. An assembly line worker in one of
its manufacturing centers noticed that there was increasing concern regarding the
potential toxicity of the flame-resistant materials used in the furniture. In response, she
compiled a list of nontoxic flame-resistant materials that the company could use. When
Which of the following is an example of a business acting upon an organizational core
value? - Answers - pegasus autos reduces engine emissions below federal guidelines
to reduce pollution
Rapida Inc. and Click Inc. are two companies that have been manufacturing typewriters
for almost 30 years. Due to the reduced demand for typewriters today, both companies'
average return on invested capital is approximately -5 percent. The current industry
average is 2 percent. In this scenario, Rapida Inc. and Click Inc. most likely have -
Answers - competitive parity with each other
Pioneer Pharma Inc. and GH Medicines Corp. are two competing firms in the
pharmaceutical industry. While Pioneer Pharma Inc.'s vision is "to be a preeminent drug
manufacturer in the industry," GH Medicines Corp.'s vision is "to make good health a
reality for everyone around the world." Which of the following is an implication of these
different visions? - Answers - GH Medicines will be more flexible than Pioneer Pharma
when adapting to changing environments.
While creating its AFI strategy framework, Valdez Consultants decided what markets
the firm should compete in. By doing this, what type of strategy did the company
devise? - Answers - corporate strategy
You are the manager in charge of setting the strategy for a new frozen yogurt company.
Which of the following questions would be appropriate for you to ask during the analysis
phase of the AFI strategy framework? - Answers - How have consumer preferences in
frozen yogurt flavors changed in the last five years?
The CEO of Mabel Automobiles was the child of parents who had difficulty making
enough money to support their family. As a result, he and his siblings did not have
access to many advantages that children from wealthier families had. This CEO,
therefore, emphasized making affordable, low-maintenance vehicles that could be
bought by low-income households. Which of the following does this example
demonstrate? - Answers - upper-echelons theory
Which of the following summarizes the difference between corporate strategy and
business strategy? - Answers - Corporate strategy deals with where to compete;
business strategy deals with how to compete.
Burke Furnishings is a company that manufactures and sells home furniture. It sources
its materials from another country to keep costs low. An assembly line worker in one of
its manufacturing centers noticed that there was increasing concern regarding the
potential toxicity of the flame-resistant materials used in the furniture. In response, she
compiled a list of nontoxic flame-resistant materials that the company could use. When
