COB 487 - Final Exam 2023 Actual Questions and Answers
100% Verified
To build a strong human capital in a today's knowledge economy, its important
to...
attract, develop, and retain employees
_____________ relationships are where one member is central to the
communication flows in a group, and ___________ relationships are where one
person brings together groups that would have otherwise been unconnected.
closure; bridging
Dynamic capabilities include all of the following except...
becoming more efficient in operational processes
In a 360-degree evaluation and feedback system, which of these does not rate the
skills and performance of an individual?
family
tactic knowledge...
can be accessed only with the consent of the employees
Susan took a project after the entire team left the company and she managed to
reconstruct what the team had accomplished through reading emails exchanged
by the members of the team. This is an example of...
using explicit knowledge
One of the important limitations of social capital is that it can lead to ________
whereby people do not question shared beliefs.
groupthink
New knowledge involves the continual interaction between ________ and
________ knowledge.
tactic; explicit
In the knowledge economy, if a large portion of company value is in intellectual
and human assets, the difference between the market value and book value of the
company should ________ a company with mostly physical and financial assets.
be larger than
What business-level strategy did Zynga use?
it got stuck in the middle
Alibaba is considering expanding in the US market. Taking into account the two
opposing pressures for international expansion, which strategy should Alibaba
choose?
Either multidomestic or transnational
The form of entry strategy into international operations that offers the lowest
level of control for the domestic corporation would be...
exporting
To be responsive to local pressures, companies must ________ their offerings
and strategies from country to country to reflect local consumer preferences.
differentiate
What agreement entails the creation of a third-party legal entity?
joint venture
, A domestic corporation considering international expansion for the first time
typically will follow which of these paths?
It will implement a low-risk, low-control strategy such as exporting
According to Michael Porter, firms that have experienced intense domestic
competition are...
more likely to design strategies that will allow them to successfully compete abroad
When firms expand into global markets, they are faced with the choice of
reducing costs and/or adapting to the local market. When high pressures exist to
lower costs, companies should choose a(n) ________ strategy or ________
strategy in order to compete in the global marketplace.
global; transnational
Which of these points on Porter's diamond of national advantage is the strongest
indicator of global competitive success?
domestic rivalry
Which of the following is a reason for the rise in regional expansion?
increase in the number of trading blocks and free trade zones
Firms following a global strategy strive to offer ________ products and services
as well as locate manufacturing, research and development, and marketing
activities in a limited number of locations.
standardized
Organizations need to develop appropriate control mechanisms in order to
implement their strategies
Which strategic control mechanism is the most preferred?
culture
Top managers at CompanyX meet every Friday to review daily operational reports
and year to date data. This is an example of...
informational control
CEO duality refers to a situation in which the CEO
serves as both the CEO and the chair of the board of directors
The primary participants in corporate governance do not include the
financial instiutions
Director independence and non-interlocking directorships are desirable traits of
top-ranked boards. What does this mean?
directors are free of all ties to the CEO and the company
Rules and regulations, rather than culture or rewards, would be used for strategic
control at which type of company?
manufacturer of mass produced products
Effective boundaries and constraints
minimize improper and unethical conduct
In the contemporary approach to strategic control, adapting to and anticipating
both internal and external environmental change is an integral part. The
relationships between ________, ________, and ________ are highly interactive.
strategy formulation; implementation; control
The traditional approach to strategic control is sequential. Which of the following
is not one of the steps in the sequence?
action plans are submitted by lower level managers
100% Verified
To build a strong human capital in a today's knowledge economy, its important
to...
attract, develop, and retain employees
_____________ relationships are where one member is central to the
communication flows in a group, and ___________ relationships are where one
person brings together groups that would have otherwise been unconnected.
closure; bridging
Dynamic capabilities include all of the following except...
becoming more efficient in operational processes
In a 360-degree evaluation and feedback system, which of these does not rate the
skills and performance of an individual?
family
tactic knowledge...
can be accessed only with the consent of the employees
Susan took a project after the entire team left the company and she managed to
reconstruct what the team had accomplished through reading emails exchanged
by the members of the team. This is an example of...
using explicit knowledge
One of the important limitations of social capital is that it can lead to ________
whereby people do not question shared beliefs.
groupthink
New knowledge involves the continual interaction between ________ and
________ knowledge.
tactic; explicit
In the knowledge economy, if a large portion of company value is in intellectual
and human assets, the difference between the market value and book value of the
company should ________ a company with mostly physical and financial assets.
be larger than
What business-level strategy did Zynga use?
it got stuck in the middle
Alibaba is considering expanding in the US market. Taking into account the two
opposing pressures for international expansion, which strategy should Alibaba
choose?
Either multidomestic or transnational
The form of entry strategy into international operations that offers the lowest
level of control for the domestic corporation would be...
exporting
To be responsive to local pressures, companies must ________ their offerings
and strategies from country to country to reflect local consumer preferences.
differentiate
What agreement entails the creation of a third-party legal entity?
joint venture
, A domestic corporation considering international expansion for the first time
typically will follow which of these paths?
It will implement a low-risk, low-control strategy such as exporting
According to Michael Porter, firms that have experienced intense domestic
competition are...
more likely to design strategies that will allow them to successfully compete abroad
When firms expand into global markets, they are faced with the choice of
reducing costs and/or adapting to the local market. When high pressures exist to
lower costs, companies should choose a(n) ________ strategy or ________
strategy in order to compete in the global marketplace.
global; transnational
Which of these points on Porter's diamond of national advantage is the strongest
indicator of global competitive success?
domestic rivalry
Which of the following is a reason for the rise in regional expansion?
increase in the number of trading blocks and free trade zones
Firms following a global strategy strive to offer ________ products and services
as well as locate manufacturing, research and development, and marketing
activities in a limited number of locations.
standardized
Organizations need to develop appropriate control mechanisms in order to
implement their strategies
Which strategic control mechanism is the most preferred?
culture
Top managers at CompanyX meet every Friday to review daily operational reports
and year to date data. This is an example of...
informational control
CEO duality refers to a situation in which the CEO
serves as both the CEO and the chair of the board of directors
The primary participants in corporate governance do not include the
financial instiutions
Director independence and non-interlocking directorships are desirable traits of
top-ranked boards. What does this mean?
directors are free of all ties to the CEO and the company
Rules and regulations, rather than culture or rewards, would be used for strategic
control at which type of company?
manufacturer of mass produced products
Effective boundaries and constraints
minimize improper and unethical conduct
In the contemporary approach to strategic control, adapting to and anticipating
both internal and external environmental change is an integral part. The
relationships between ________, ________, and ________ are highly interactive.
strategy formulation; implementation; control
The traditional approach to strategic control is sequential. Which of the following
is not one of the steps in the sequence?
action plans are submitted by lower level managers
