7/4/25, 9:59
PM
MBA 705 Heller exam 1 Exam questions and answers
with complete solutions verified latest update
graded a++ 2025/2026
Terms in this set (190)
T/F: A strategy True.
seeks to develop & Strategy refers to top management's
sustain competitive plan to develop & sustain competitive
advantage. advantage, so that the org's mission is
fulfilled
T/F: Strategic False:
management refers to Strategic management considers more
formulating than just strategy, includes top
successful management's analysis of the
strategies for an environment in which the org operates
org. prior to formulating a strategy as well as
the implementation & control of the
strategy
T/F: Each step in the False:
strategic All steps in the strategic management process
management process are interrelated
is independent so
that changes in 1
step will NOT
substantially affect
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other steps
T/F: The intended False.
strategy & the if the strategy was implemented just as
relaized strategy planned, then they will be the same.
can never be the Possible, but NOT common
same
T/F: Where IO theory True.
emphasizes the IO emphasizes the influence of the
influence of industry environment upon the firm,
industry factors of resource- based theory view
firm performance, performance primarily as a function to
resource-based utilize its resources
theroy emphasizes
the role of firm
factors
T/F: Strategic False
decisions are made The CEO alone is responsible for
soley by & are strategic decisions, he/she usually forms
ultimately the a top management team to assist in
responsibility of the making decisions
CEO alone.
T/F: A firm always False
operates in a single, many firms have multiple business units, each of
distinct industry which operates in a distinct industry
T/F: All industries False
follow the stages of NOT all industry follow the industry life cycle
the industry life model
cycle model
T/F: The likelihood True
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that new firms will the more barriers to entry that existing
enter an industry is competitors erect to keep out new
contingent on the entrants the less likely prospective
extent to which competitors will enter the industry
barriers to entry
have been erected.
T/F: Higher capital True
requirements for Higher capital requirements keep out
entering an industry newcomers, lessening competition &
ultimately raise increasing profitability for existing
average profitability rivals
w/in that industry
T/F: Substitute False
products are Substitute products are produced by firms in
produced by other industries
competitors in the
same industry
T/F: A key False
limitatioin of Porter's 5 Forces Model is based on the
Porter's 5 Forces IO perspective on firm performance, not
model is its the resource-based perspective
reliance on
resource-based
theroy
T/F: It is unusual for a True
single firm to Macro-enviromental forces affect
influence a macro- industries and are only occasionally
enviromental force. influenced by a single, large dominant
firm
3/
18
PM
MBA 705 Heller exam 1 Exam questions and answers
with complete solutions verified latest update
graded a++ 2025/2026
Terms in this set (190)
T/F: A strategy True.
seeks to develop & Strategy refers to top management's
sustain competitive plan to develop & sustain competitive
advantage. advantage, so that the org's mission is
fulfilled
T/F: Strategic False:
management refers to Strategic management considers more
formulating than just strategy, includes top
successful management's analysis of the
strategies for an environment in which the org operates
org. prior to formulating a strategy as well as
the implementation & control of the
strategy
T/F: Each step in the False:
strategic All steps in the strategic management process
management process are interrelated
is independent so
that changes in 1
step will NOT
substantially affect
1/
18
,7/4/25, 9:59
PM
other steps
T/F: The intended False.
strategy & the if the strategy was implemented just as
relaized strategy planned, then they will be the same.
can never be the Possible, but NOT common
same
T/F: Where IO theory True.
emphasizes the IO emphasizes the influence of the
influence of industry environment upon the firm,
industry factors of resource- based theory view
firm performance, performance primarily as a function to
resource-based utilize its resources
theroy emphasizes
the role of firm
factors
T/F: Strategic False
decisions are made The CEO alone is responsible for
soley by & are strategic decisions, he/she usually forms
ultimately the a top management team to assist in
responsibility of the making decisions
CEO alone.
T/F: A firm always False
operates in a single, many firms have multiple business units, each of
distinct industry which operates in a distinct industry
T/F: All industries False
follow the stages of NOT all industry follow the industry life cycle
the industry life model
cycle model
T/F: The likelihood True
2/
18
, 7/4/25, 9:59
PM
that new firms will the more barriers to entry that existing
enter an industry is competitors erect to keep out new
contingent on the entrants the less likely prospective
extent to which competitors will enter the industry
barriers to entry
have been erected.
T/F: Higher capital True
requirements for Higher capital requirements keep out
entering an industry newcomers, lessening competition &
ultimately raise increasing profitability for existing
average profitability rivals
w/in that industry
T/F: Substitute False
products are Substitute products are produced by firms in
produced by other industries
competitors in the
same industry
T/F: A key False
limitatioin of Porter's 5 Forces Model is based on the
Porter's 5 Forces IO perspective on firm performance, not
model is its the resource-based perspective
reliance on
resource-based
theroy
T/F: It is unusual for a True
single firm to Macro-enviromental forces affect
influence a macro- industries and are only occasionally
enviromental force. influenced by a single, large dominant
firm
3/
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