SEVI 3013 - Final Exam Cooper
Questions and Answers
____________ are the competencies or skills that a firm employs to transform inputs
into outputs
A. repetitional resources
B. intangible resources
C. tangible resources
D. organizational capabilities - ANS-D. organizational capabilities
3M leverages its competencies in adhesives technologies to many industries, including
automotive, construction, and telecommunications. This is an example of creating value
by using...
A. unrelated diversification to financial synergies through portfolio management
B. related diversification to acquire economies of scope by leveraging core
competencies
C. related diversification to acquire economies of score by leveraging pooled negotiating
power
D. unrelated diversification to parenting, restructuring, and financial synergies through
restructuring and parenting - ANS-B. related diversification to acquire economies of
scope by leveraging core competencies
A ___________ can be defined as the total profits in an industry at all points along the
industry value chain.
A. profit pool
B. profit outsourcing
C. profit maximizer
D. revenue enhancer - ANS-A. profit pool
A firm following a focus strategy must focus on...
A. rising cost of inputs
B. a market segment or group of segments
C. governmental regulations
D. avoiding entering international markets - ANS-B. a market segment or group of
segments
A resource is valuable and rare but neither difficult to imitate nor without substitutes.
This should enable the firm to attain...
A. no competitive advantage
B. competitive parity
C. a sustainable competitive advantage
, D. a temporary competitive advantage - ANS-D. a temporary competitive advantage
A simple structure is characterized by...
A. high formality and low centralization
B. low formality and low creativity
C. high specialization and low centralization
D. low specialization and high centralization - ANS-D. low specialization and high
centralization
Access Health, a call-in medical center, uses technology to capture and share
knowledge. When someone calls the center, a registered nurse uses the company
clinical decision architecture to assess the caller symptoms, rule out possible
conditions, and recommend a home remedy, doctor visit, or trip to the emergency room.
This is an example of using...
A. a non-codified asset
B. tactic knowledge
C. a knowledge asset
D. groupthink - ANS-C. knowledge asset
According to the text, corporate restructuring includes...
A. capital restructuring, asset restructuring, and management restructuring
B. capital restructuring, asset restructuring, and technology restructuring
C. management restructuring, financial restructuring, and procurement restructuring
D. global diversification, capital restructuring, and asset restructuring - ANS-A. capital
restructuring, asset restructuring, and management restructuring
Strategy analysis is the starting point of the strategic management process and consists
of the...
A. matching vision, mission, and objectives with the relevant internal and external
environmental factors
B. analysis of relevant competitors only
C. analysis of the relevant internal and external environmental factors only
D. analysis only of the vision, mission, and objectives of the firm - ANS-A. matching
vision, mission, and objectives with the relevant internal and external environmental
factors
Supplier power has increased because of the Internet for all the following reasons
except...
A. software that links buyers to a supplier's website has created rapid, low-cost order
capabilities
B. the growth of new web-based businesses has created more outlets for suppliers to
sell to
C. the process of disintermediation makes it possible for some suppliers to reach end
users directly
Questions and Answers
____________ are the competencies or skills that a firm employs to transform inputs
into outputs
A. repetitional resources
B. intangible resources
C. tangible resources
D. organizational capabilities - ANS-D. organizational capabilities
3M leverages its competencies in adhesives technologies to many industries, including
automotive, construction, and telecommunications. This is an example of creating value
by using...
A. unrelated diversification to financial synergies through portfolio management
B. related diversification to acquire economies of scope by leveraging core
competencies
C. related diversification to acquire economies of score by leveraging pooled negotiating
power
D. unrelated diversification to parenting, restructuring, and financial synergies through
restructuring and parenting - ANS-B. related diversification to acquire economies of
scope by leveraging core competencies
A ___________ can be defined as the total profits in an industry at all points along the
industry value chain.
A. profit pool
B. profit outsourcing
C. profit maximizer
D. revenue enhancer - ANS-A. profit pool
A firm following a focus strategy must focus on...
A. rising cost of inputs
B. a market segment or group of segments
C. governmental regulations
D. avoiding entering international markets - ANS-B. a market segment or group of
segments
A resource is valuable and rare but neither difficult to imitate nor without substitutes.
This should enable the firm to attain...
A. no competitive advantage
B. competitive parity
C. a sustainable competitive advantage
, D. a temporary competitive advantage - ANS-D. a temporary competitive advantage
A simple structure is characterized by...
A. high formality and low centralization
B. low formality and low creativity
C. high specialization and low centralization
D. low specialization and high centralization - ANS-D. low specialization and high
centralization
Access Health, a call-in medical center, uses technology to capture and share
knowledge. When someone calls the center, a registered nurse uses the company
clinical decision architecture to assess the caller symptoms, rule out possible
conditions, and recommend a home remedy, doctor visit, or trip to the emergency room.
This is an example of using...
A. a non-codified asset
B. tactic knowledge
C. a knowledge asset
D. groupthink - ANS-C. knowledge asset
According to the text, corporate restructuring includes...
A. capital restructuring, asset restructuring, and management restructuring
B. capital restructuring, asset restructuring, and technology restructuring
C. management restructuring, financial restructuring, and procurement restructuring
D. global diversification, capital restructuring, and asset restructuring - ANS-A. capital
restructuring, asset restructuring, and management restructuring
Strategy analysis is the starting point of the strategic management process and consists
of the...
A. matching vision, mission, and objectives with the relevant internal and external
environmental factors
B. analysis of relevant competitors only
C. analysis of the relevant internal and external environmental factors only
D. analysis only of the vision, mission, and objectives of the firm - ANS-A. matching
vision, mission, and objectives with the relevant internal and external environmental
factors
Supplier power has increased because of the Internet for all the following reasons
except...
A. software that links buyers to a supplier's website has created rapid, low-cost order
capabilities
B. the growth of new web-based businesses has created more outlets for suppliers to
sell to
C. the process of disintermediation makes it possible for some suppliers to reach end
users directly
