MBA 621 Midterm Study | 2024 -2025 LATEST UPDATED |
COMPREHENSIVE QUESTIONS WITH 100% RATED ANSWERS |
GUARANTEED TO PASS!!
A competitive advantage:
A) can be permanent if the firm has successfully implemented the strategic management process
B) entails reducing investors' risk to near zero
C) can be identified only if it has been unsuccessfully challenged by competitors
D) exists when competing firms are unable to find investors - (answers)C) can be identified only
if it has been unsuccessfully challenged by competitors
Above-average returns are:
A) higher profits than the firm earned the previous year
B) higher profits than the industry averaged over the last 10 years
C) profits in excess of what an investor expects to earn from a historical pattern of performance
of the firm
D) returns in excess of what an investor expects to earn from other investments with a similar
level of risk - (answers)D) returns in excess of what an investor expects to earn from other
investments with a similar level of risk
一个充满爱心的人，能温暖他人，
传递希望。人与人之间的情感交流
The strategic management process is:
A) a set of activities that will assure a sustainable competitive advantage and above-average
returns for the firm
B) a decision-making activity concerned with a firm's internal resournces, capabilities, and
competencies, independent of the conditions in its external environment
C) a process directed by top-management with input from other stakeholders that seeks to
achieve above-average returns for investors through effective use of the organization's resources
D) the full set of commitments, decisions, and actions required for the firm to achieve above-
average returns and strategic competitiveness - (answers)D) the full set of commitments,
,decisions, and actions required for the firm to achieve above-average returns and strategic
competitiveness
The "liability of foreignness" is the:
A) inability of most U.S. managers to truly comprehend foreign cultures
B) political disadvantage that U.S. firms have when doing business abroad
C) overall risk of participating outside a firm's domestic country when entering a global
competition
D) strong cultural preference for "buying local," which puts foreign firms at a disadvantage when
competing in the U.S. market - (answers)C) overall risk of participating outside a firm's domestic
country when entering a global competition
The industrial organization (I/O) model argues that:
A) the key factor is success in choosing the correct industry in which to compete
B) the firm's internal resources and capabilities represent the foundation for development of a
value-creating strategy
C) the key to earning above-average returns is strategic flexibility
D) the internal structure of the organization must match the industry in which it competes in
order to earn above-average returns on investment - (answers)A) the key factor is success in
choosing the correct industry in which to compete
一个充满爱心的人，能温暖他人，
Firms use the five forces model to identify the _____ of the industry as measured by its:
传递希望。人与人之间的情感交流
A) size; number of competitors
B) globalization; exports
C) hyper-competition; technology diffusion
D) attractiveness; profitability - (answers)D) attractiveness; profitability
all of the following are assumptions of the resource-based model EXCEPT:
A) each firm is a unique collection of resources and capabilities
, B) the industry's structural characteristics have little impact on a firm's performance over time
C) capabilities are highly mobile across firms
D) differences in resources and capabilities are the basis of competitve advantage - (answers)
When resources and capabilities serve as a source of competitive advantage for a firm, the firm
has created a(n):
A) strategic mission
B) inspiring vision
C) core competence
D) sustainable market niche - (answers)C) core competence
A firm's mission:
A) is a statement of a firm's business in which it intends to compete and the customers it intends
to serve
B) is an internally focused affirmation of the organization's financial, social, and ethical goals
C) is mainly intended to emotionally inspire employees and other stakeholders
D) is developed by a firm before the firm develops its vision - (answers)A) is a statement of a
firm's business in which it intends to compete and the customers it intends to serve
Capital market stakeholders include:
一个充满爱心的人，能温暖他人，
A) industry competitors 传递希望。人与人之间的情感交流
B) shareholders
C) employees
D) government regulators - (answers)B) shareholders
Dissatisfied capital market stakeholders may:
A) sell their stock
B) tighten loan covenants
COMPREHENSIVE QUESTIONS WITH 100% RATED ANSWERS |
GUARANTEED TO PASS!!
A competitive advantage:
A) can be permanent if the firm has successfully implemented the strategic management process
B) entails reducing investors' risk to near zero
C) can be identified only if it has been unsuccessfully challenged by competitors
D) exists when competing firms are unable to find investors - (answers)C) can be identified only
if it has been unsuccessfully challenged by competitors
Above-average returns are:
A) higher profits than the firm earned the previous year
B) higher profits than the industry averaged over the last 10 years
C) profits in excess of what an investor expects to earn from a historical pattern of performance
of the firm
D) returns in excess of what an investor expects to earn from other investments with a similar
level of risk - (answers)D) returns in excess of what an investor expects to earn from other
investments with a similar level of risk
一个充满爱心的人，能温暖他人，
传递希望。人与人之间的情感交流
The strategic management process is:
A) a set of activities that will assure a sustainable competitive advantage and above-average
returns for the firm
B) a decision-making activity concerned with a firm's internal resournces, capabilities, and
competencies, independent of the conditions in its external environment
C) a process directed by top-management with input from other stakeholders that seeks to
achieve above-average returns for investors through effective use of the organization's resources
D) the full set of commitments, decisions, and actions required for the firm to achieve above-
average returns and strategic competitiveness - (answers)D) the full set of commitments,
,decisions, and actions required for the firm to achieve above-average returns and strategic
competitiveness
The "liability of foreignness" is the:
A) inability of most U.S. managers to truly comprehend foreign cultures
B) political disadvantage that U.S. firms have when doing business abroad
C) overall risk of participating outside a firm's domestic country when entering a global
competition
D) strong cultural preference for "buying local," which puts foreign firms at a disadvantage when
competing in the U.S. market - (answers)C) overall risk of participating outside a firm's domestic
country when entering a global competition
The industrial organization (I/O) model argues that:
A) the key factor is success in choosing the correct industry in which to compete
B) the firm's internal resources and capabilities represent the foundation for development of a
value-creating strategy
C) the key to earning above-average returns is strategic flexibility
D) the internal structure of the organization must match the industry in which it competes in
order to earn above-average returns on investment - (answers)A) the key factor is success in
choosing the correct industry in which to compete
一个充满爱心的人，能温暖他人，
Firms use the five forces model to identify the _____ of the industry as measured by its:
传递希望。人与人之间的情感交流
A) size; number of competitors
B) globalization; exports
C) hyper-competition; technology diffusion
D) attractiveness; profitability - (answers)D) attractiveness; profitability
all of the following are assumptions of the resource-based model EXCEPT:
A) each firm is a unique collection of resources and capabilities
, B) the industry's structural characteristics have little impact on a firm's performance over time
C) capabilities are highly mobile across firms
D) differences in resources and capabilities are the basis of competitve advantage - (answers)
When resources and capabilities serve as a source of competitive advantage for a firm, the firm
has created a(n):
A) strategic mission
B) inspiring vision
C) core competence
D) sustainable market niche - (answers)C) core competence
A firm's mission:
A) is a statement of a firm's business in which it intends to compete and the customers it intends
to serve
B) is an internally focused affirmation of the organization's financial, social, and ethical goals
C) is mainly intended to emotionally inspire employees and other stakeholders
D) is developed by a firm before the firm develops its vision - (answers)A) is a statement of a
firm's business in which it intends to compete and the customers it intends to serve
Capital market stakeholders include:
一个充满爱心的人，能温暖他人，
A) industry competitors 传递希望。人与人之间的情感交流
B) shareholders
C) employees
D) government regulators - (answers)B) shareholders
Dissatisfied capital market stakeholders may:
A) sell their stock
B) tighten loan covenants
