BUSI 311 CHAPTER 4 QUESTIONS AND ANSWERS EXAM
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The institution-based view deals with what elements in the SWOT analysis?
a.
External strengths and weaknesses
b.
The institution-based view deals with what elements in the SWOT analysis?
c.
Internal strengths and threats
d.
Internal weaknesses and opportunities
not a
According to the VRIO framework, non-value-adding resources and capabilities
will lead to what for a firm?
a.
A competitive disadvantage
b.
A sustained competitive advantage
c.
A temporary competitive advantage
d.
A competitive parity
a. A competitive disadvantage
The resource-based view is developed on the insight that competitors do not
share certain resources and capabilities specific to one's firm.
Select one:
True
False
True
Activities with high levels of commoditization should be performed in-house to
increase competitiveness.
Select one:
True
False
False
According to the VRIO framework, a firm with an organized, valuable, rare, but
imitable resources and capabilities will display what level of performance, at least
for some period of time?
a.
Above average
b.
Poor
, c.
Average
d.
Below average
a. Above average
What process is an examination as to whether a firm has resources and
capabilities to perform a particular activity in a manner superior to competitors?
a.
Commoditization
b.
Benchmarking
c.
Asset appraisal
d.
Performance appraisal
b. Benchmarking
Which of the following is an example of innovation resources and capabilities of a
firm?
a.
Integrated management information systems
b.
Research and development capabilities
c.
Formal planning, command, and control systems
d.
Possession of patents, trademarks, copyrights, and trade secrets
b. Research and development capabilities
The difficulty of identifying the causal determinants of successful firm
performance is called causal _____.
a.
indifference
b.
agency
c.
determination
d.
ambiguity
d. ambiguity
Which of the following is considered a tangible resource of a firm?
a.
The reputation of a firm as being socially responsible
b.
The organizational culture of a firm
c.
The copyrights that belong to a firm
LATEST UPDATE.Buy Quality Materials!
The institution-based view deals with what elements in the SWOT analysis?
a.
External strengths and weaknesses
b.
The institution-based view deals with what elements in the SWOT analysis?
c.
Internal strengths and threats
d.
Internal weaknesses and opportunities
not a
According to the VRIO framework, non-value-adding resources and capabilities
will lead to what for a firm?
a.
A competitive disadvantage
b.
A sustained competitive advantage
c.
A temporary competitive advantage
d.
A competitive parity
a. A competitive disadvantage
The resource-based view is developed on the insight that competitors do not
share certain resources and capabilities specific to one's firm.
Select one:
True
False
True
Activities with high levels of commoditization should be performed in-house to
increase competitiveness.
Select one:
True
False
False
According to the VRIO framework, a firm with an organized, valuable, rare, but
imitable resources and capabilities will display what level of performance, at least
for some period of time?
a.
Above average
b.
Poor
, c.
Average
d.
Below average
a. Above average
What process is an examination as to whether a firm has resources and
capabilities to perform a particular activity in a manner superior to competitors?
a.
Commoditization
b.
Benchmarking
c.
Asset appraisal
d.
Performance appraisal
b. Benchmarking
Which of the following is an example of innovation resources and capabilities of a
firm?
a.
Integrated management information systems
b.
Research and development capabilities
c.
Formal planning, command, and control systems
d.
Possession of patents, trademarks, copyrights, and trade secrets
b. Research and development capabilities
The difficulty of identifying the causal determinants of successful firm
performance is called causal _____.
a.
indifference
b.
agency
c.
determination
d.
ambiguity
d. ambiguity
Which of the following is considered a tangible resource of a firm?
a.
The reputation of a firm as being socially responsible
b.
The organizational culture of a firm
c.
The copyrights that belong to a firm
