ALC 6 EXAM QUESTIONS & ANSWERS LATEST UPDATE

ALC 6 EXAM QUESTIONS & ANSWERS LATEST UPDATE 1. What does the resource-based view focus on? a. Government and societal forces. b. The firm's internal strengths and weakness. c. The firm's competitive forces within an industry that impact all firms. d. The firm's decisions and actions. 2. What does the institutional-based view focus on? a. Government and societal forces. b. The firm's internal strengths and weakness. c. The firm's competitive forces within an industry that impact all firms. d. The firm's decisions and actions. 3. Global strategies have reached new levels of significance because of what three defining events? a. Education, fewer travel restrictions, and world banking. b. Cultural diversity, world-wide education standards, and emerging nations. c. Terrorist attacks, anti-globalization protests, and corporate crisis in the U.S. and Asia. d. Expanding travel, shared sense of capitalism, and world standards for ethical behavior. 4. At the dawn of the 21st century, blank had significant ramifications for companies and strategists around the world. a. unethical behavior b. world-wide education c. corporate governance crisis d. expanding travel 5. What are the three "legs" of the strategy tripod that ensure a strategy impacts performance? a. Industry-based competition, firm-specific resources and capabilities, and institutional conditions and transitions. b. Resources, industry-based considerations, and local influences. c. Corporate leadership, willingness to take a loss, and desire to build on other- country markets. d. Innovative goods, low-cost production centers, and sufficient capital to withstand the initial stages. 6. Managing global competitive dynamics comes down to . a. understanding why firms compete b. understanding the "rules of the game" c. how industry-, resource-, and institution-based considerations influence their competitive/cooperative actions d. firms engaging in collusion 7. What is industry-based strategy concerned with? a. Firms creating value when engaging in strategic actions. b. Managers are well versed in the "rules of the game" governing domestic and international competition. c. The inter-firm rivalry when engaging in strategic actions. d. Firms engaging in cooperative partnerships. 8. What are the main types of attacks observed in the market? a. Thrust and price cuts. b. Market commonality, resource similarities, and thrust. c. Advertising campaigns, price cuts, and thrust. d. Thrust, feint, and gambit. 9. Which of the following would not be considered an initial set of actions to gain competitive advantage? a. Counterattacks b. Advertising campaigns c. Market entries d. Price cuts 10. Which of the following is not a legal means of signaling? a. Nonaggression or fat cat. b. Truce seeking. c. Direct discussion of reduced rivalry with competitors. d. Communication via governments. 11. Home replication strategy, also known as , emphasizes the international replication of the home country-based competencies. a. "export" strategy b. multi-domestic strategy c. transnational strategy d. multi-national strategy 12. Localization (multi-domestic) strategy is an extension of the blank and focuses on a number of foreign countries/regions. a. multi-national strategy b. home replication strategy c. "export" strategy d. transnational strategy 13. The International Division Structure is typically set up when firms initially expand abroad, and is often engaged in which type of strategy? a. Home replication strategy b. Multi-domestic strategy c. Global strategy d. Transnational strategy 14. The Geographic Area Structure is typically set up when firms initially expand abroad, and is often engaged in which type of strategy? a. Home replication strategy b. Multi-domestic strategy c. Global strategy d. Transnational strategy 15. Which structure is used to supply customers (often other MNEs) in a coordinated and consistent way across various countries? a. Global account structure b. An industry sector structure c. Solutions-based structure d. Global mainstream structure 16. As firms expand into more countries, they should recognize that blank . a. foreign firms are no longer discriminated against b. foreign firms primarily deploy overwhelming resources and capabilities that offset the liability of foreignness c. host firms are able to offset the liability of foreignness and still have some competitive advantage. d. host firms primarily deploy overwhelming resources and capabilities that offset the liability of foreignness e. local firms are often discriminated against