MGT 487 exam review questions with
correct answers
The strategic groups concept is valuable for _________ the
| | | | | | | | |
________directions of firm strategies. - CORRECT ANSWER✔✔-Charting | | | | | |
, future
| |
Many organizations have a large number of functional areas with very
| | | | | | | | | | |
diverse and sometimes competing interests. Such organizations will be
| | | | | | | | |
most effective if - CORRECT ANSWER✔✔-functional areas work together
| | | | | | | |
to attain overall goals.
| | | |
As an example of ________, a crash R and D program by one firm
| | | | | | | | | | | | | |
cannot replicate a successful technology developed by another firm,
| | | | | | | | |
when research findings cumulate. - CORRECT ANSWER✔✔-Path
| | | | | | |
Dependency
Part of the objective of the development of _______ is tying knowledge
| | | | | | | | | | | |
workers to a firm. - CORRECT ANSWER✔✔-Social Capital
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The aging of the population, changes in ethnic composition, and effects
| | | | | | | | | | |
of the ________ generation are ________changes. - CORRECT
| | | | | | | |
ANSWER✔✔-Millennial, Demographic |
, Which of the following is not a reason that would make calculating
| | | | | | | | | | | |
return on investment (ROI) on sustainability projects difficult? -
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CORRECT ANSWER✔✔-Many of the benefits from such projects are
| | | | | | | | |
tangible and easily measured
| | |
Winnebago, a leading firm in the market for drivable recreational
| | | | | | | | | |
vehicles, maintains product quality by using its factories to do
| | | | | | | | | |
everything from extruding aluminum for body parts to molding plastics
| | | | | | | | | |
for water and holding tanks to dashboards. This is an example of
| | | | | | | | | | | |
________ integration at the factory. - CORRECT ANSWER✔✔-Vertical
| | | | | | |
A differentiation strategy can help a firm to improve its competitive
| | | | | | | | | | |
position relative to the Porter five-forces model by ________ firm
| | | | | | | | | |
margins and ________ buyer power. - CORRECT ANSWER✔✔-
| | | | | | |
Increasing, Reducing |
In terms of value-chain analysis, a telephone operating company would
| | | | | | | | | |
find that negotiating and maintaining ongoing relations with regulatory
| | | | | | | | |
bodies are important activities for achieving ________. - CORRECT
| | | | | | | | |
ANSWER✔✔-Competitive advantage |
In the general environment, many relationships exist among the various
| | | | | | | | | |
elements. General environmental trends can have positive and negative
| | | | | | | | |
impacts on various industries. For example, the aging population might
| | | | | | | | | |
correct answers
The strategic groups concept is valuable for _________ the
| | | | | | | | |
________directions of firm strategies. - CORRECT ANSWER✔✔-Charting | | | | | |
, future
| |
Many organizations have a large number of functional areas with very
| | | | | | | | | | |
diverse and sometimes competing interests. Such organizations will be
| | | | | | | | |
most effective if - CORRECT ANSWER✔✔-functional areas work together
| | | | | | | |
to attain overall goals.
| | | |
As an example of ________, a crash R and D program by one firm
| | | | | | | | | | | | | |
cannot replicate a successful technology developed by another firm,
| | | | | | | | |
when research findings cumulate. - CORRECT ANSWER✔✔-Path
| | | | | | |
Dependency
Part of the objective of the development of _______ is tying knowledge
| | | | | | | | | | | |
workers to a firm. - CORRECT ANSWER✔✔-Social Capital
| | | | | | |
The aging of the population, changes in ethnic composition, and effects
| | | | | | | | | | |
of the ________ generation are ________changes. - CORRECT
| | | | | | | |
ANSWER✔✔-Millennial, Demographic |
, Which of the following is not a reason that would make calculating
| | | | | | | | | | | |
return on investment (ROI) on sustainability projects difficult? -
| | | | | | | | |
CORRECT ANSWER✔✔-Many of the benefits from such projects are
| | | | | | | | |
tangible and easily measured
| | |
Winnebago, a leading firm in the market for drivable recreational
| | | | | | | | | |
vehicles, maintains product quality by using its factories to do
| | | | | | | | | |
everything from extruding aluminum for body parts to molding plastics
| | | | | | | | | |
for water and holding tanks to dashboards. This is an example of
| | | | | | | | | | | |
________ integration at the factory. - CORRECT ANSWER✔✔-Vertical
| | | | | | |
A differentiation strategy can help a firm to improve its competitive
| | | | | | | | | | |
position relative to the Porter five-forces model by ________ firm
| | | | | | | | | |
margins and ________ buyer power. - CORRECT ANSWER✔✔-
| | | | | | |
Increasing, Reducing |
In terms of value-chain analysis, a telephone operating company would
| | | | | | | | | |
find that negotiating and maintaining ongoing relations with regulatory
| | | | | | | | |
bodies are important activities for achieving ________. - CORRECT
| | | | | | | | |
ANSWER✔✔-Competitive advantage |
In the general environment, many relationships exist among the various
| | | | | | | | | |
elements. General environmental trends can have positive and negative
| | | | | | | | |
impacts on various industries. For example, the aging population might
| | | | | | | | | |
