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BUS 4750 FINAL EXAM QUESTIONS AND CORRECT ANSWERS

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BUS 4750 FINAL EXAM QUESTIONS AND CORRECT ANSWERS

Institution
BUS 4750
Course
BUS 4750

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Which of the following strategies can be very attractive when a firm's suppliers or
buyers have too much power over the firm and are becoming increasingly profitable
at the firm's expense?


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Vertical integration




Which of the following describes nationalization?


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Seizure of a firm's assets in a country by the national government

,According to the resource based theory, resources that provide a firm a sustained
competitive advantage are rare:


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valuable, non substitutable, and available




Strategic decision making in a _____ organizational structure tends to be highly
centralized, with the owner often making all the important decisions.


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simple




Which of the following statements holds true for customer measures as a part of the
balanced scorecard?


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They relate to client attraction, satisfaction, and retention.




In the late 1990s, Southwest Airlines and United Airlines competed in some but not all
markets. United's announcement of plans to move into some of Southwest's other
routes caused Southwest to publicly threaten retaliation. United then backed down
and Southwest had no reason to attack. The result was better performance for both
firms. This is an example of _____.


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, mutual forbearance




A(n)_______ strategy is the strategy that an organization actually follows.


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Realized




Who, among the following, has the power to potentially hire or fire the CEP of a
publicly traded firm?


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The board of directors




Farmers rely heavily on cheap labor provided by illegal immigrants. A tightening of
the immigration policy would reduce their profit margins and potentially increase the
prices of agricultural products. For these farmers, this aspect of illegal immigration
represents the ______ segment of PESTEL analysis.


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Political

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