SEVI 3013 Exam 2 with 100% Correct
Answers
Firm performance typically improves under CEO duality. - correct Answer-In choosing
sides concerning CEO duality, two schools of thought exist. Which of the following
would not be a consideration for the agency theory school of thought?
easily imitate its strategy. - correct Answer-In evaluating the sustainability of the Atlas
Door competitive advantages over the long run, it is important to evaluate the ability of
rivals to
recognize - correct Answer-Recently, firms have emphasized agile compensation. The
point of agile compensation is to spot and _______ good performance at the moment it
occurs.
Top-level managers may pursue their own interests over that of the company. - correct
Answer-In addition to an annual base salary of 1.3 million USD and 10.4 million USD in
stock compensation and bonuses, Heather Bresch, CEO of Mylan Pharmaceuticals,
also received 6.4 million USD in other compensation in 2015. This included 19,200 USD
for the use of a company-provided automobile and 310,000 USD in personal use of the
company jet. Which of the following statements is true regarding this situation?
maintaining a large inventory of products. - correct Answer-Zulily, an online retailer,
competes with Amazon and other online retailers by
Internal - correct Answer-Most turnarounds require a firm to carefully analyze its
relevant environments. ________ analysis results in actions aimed at reduced costs
and higher efficiency.
It is important for company generic strategies, functional areas, value-creating activities,
and overall objectives. - correct Answer-Which of these statements regarding the
industry life cycle is true?
a sustainable competitive advantage. - correct Answer-Barnes and Noble lost its market
share in book retailing to Amazon. It tried to regain market share by offering a similar
electronic reader, the Nook, to the Amazon Kindle series. This demonstrates that
Barnes and Noble lacked
lower costs - correct Answer-An overall low-cost position protects a firm against rivalry
from competitors because ________ allow a firm to earn returns even if its competitors
eroded their profits through intense rivalry.
, manufacturer of mass produced products - correct Answer-Rules and regulations, rather
than culture or rewards, would be used for strategic control at which type of company?
piecemeal productivity improvements - correct Answer-Which of the following
turnaround strategies is Nordstrom primarily using?
divestiture - correct Answer-An acquisition that results in ________ commonly indicates
that expectations were not met.
rules - correct Answer-Which of the following approaches to behavioral strategic control
would be the least appropriate for an organization in which there is a great need for
innovation and a high degree of autonomy?
strategy formulation; implementation; control - correct Answer-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.
core competencies. - correct Answer-Casio, a giant electronic products producer,
synthesizes it abilities in miniaturization, microprocessor design, material science, and
ultrathin precision castings to produce digital watches. It uses the same skills to produce
card calculators, digital cameras, and other small electronics. These collective skills are
The board of directors is active and engaged. - correct Answer-The Lending Club
removed CEO Renaud Laplanche in 2016. Hans Morris, the company executive
chairman, lauded him, saying his entrepreneurial spirit was critical to the success of the
firm. But he also signaled the board was removing Mr. Laplanche because he had failed
to build a strong control system and culture, stating that as a public company that
provides a financial service, Lending Club must meet the industry high standards of
transparency and disclosure. This kind of dismissal signals what
multiple alliances - correct Answer-According to Strategy Spotlight 6.5 Honda now
competes by leveraging ________ to develop key technologies.
maintain position and after the market growth slows use the business to provide cash
flow. - correct Answer-In the BCG Growth Share Matrix, the suggested strategy for stars
is to
star - correct Answer-In the BCG Matrix, a ________ is a business that has a low
market share in an industry characterized by high market growth.
A merger - correct Answer-________ is when a new legal entity is formed by a
combination or consolidation of two firms.
Answers
Firm performance typically improves under CEO duality. - correct Answer-In choosing
sides concerning CEO duality, two schools of thought exist. Which of the following
would not be a consideration for the agency theory school of thought?
easily imitate its strategy. - correct Answer-In evaluating the sustainability of the Atlas
Door competitive advantages over the long run, it is important to evaluate the ability of
rivals to
recognize - correct Answer-Recently, firms have emphasized agile compensation. The
point of agile compensation is to spot and _______ good performance at the moment it
occurs.
Top-level managers may pursue their own interests over that of the company. - correct
Answer-In addition to an annual base salary of 1.3 million USD and 10.4 million USD in
stock compensation and bonuses, Heather Bresch, CEO of Mylan Pharmaceuticals,
also received 6.4 million USD in other compensation in 2015. This included 19,200 USD
for the use of a company-provided automobile and 310,000 USD in personal use of the
company jet. Which of the following statements is true regarding this situation?
maintaining a large inventory of products. - correct Answer-Zulily, an online retailer,
competes with Amazon and other online retailers by
Internal - correct Answer-Most turnarounds require a firm to carefully analyze its
relevant environments. ________ analysis results in actions aimed at reduced costs
and higher efficiency.
It is important for company generic strategies, functional areas, value-creating activities,
and overall objectives. - correct Answer-Which of these statements regarding the
industry life cycle is true?
a sustainable competitive advantage. - correct Answer-Barnes and Noble lost its market
share in book retailing to Amazon. It tried to regain market share by offering a similar
electronic reader, the Nook, to the Amazon Kindle series. This demonstrates that
Barnes and Noble lacked
lower costs - correct Answer-An overall low-cost position protects a firm against rivalry
from competitors because ________ allow a firm to earn returns even if its competitors
eroded their profits through intense rivalry.
, manufacturer of mass produced products - correct Answer-Rules and regulations, rather
than culture or rewards, would be used for strategic control at which type of company?
piecemeal productivity improvements - correct Answer-Which of the following
turnaround strategies is Nordstrom primarily using?
divestiture - correct Answer-An acquisition that results in ________ commonly indicates
that expectations were not met.
rules - correct Answer-Which of the following approaches to behavioral strategic control
would be the least appropriate for an organization in which there is a great need for
innovation and a high degree of autonomy?
strategy formulation; implementation; control - correct Answer-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.
core competencies. - correct Answer-Casio, a giant electronic products producer,
synthesizes it abilities in miniaturization, microprocessor design, material science, and
ultrathin precision castings to produce digital watches. It uses the same skills to produce
card calculators, digital cameras, and other small electronics. These collective skills are
The board of directors is active and engaged. - correct Answer-The Lending Club
removed CEO Renaud Laplanche in 2016. Hans Morris, the company executive
chairman, lauded him, saying his entrepreneurial spirit was critical to the success of the
firm. But he also signaled the board was removing Mr. Laplanche because he had failed
to build a strong control system and culture, stating that as a public company that
provides a financial service, Lending Club must meet the industry high standards of
transparency and disclosure. This kind of dismissal signals what
multiple alliances - correct Answer-According to Strategy Spotlight 6.5 Honda now
competes by leveraging ________ to develop key technologies.
maintain position and after the market growth slows use the business to provide cash
flow. - correct Answer-In the BCG Growth Share Matrix, the suggested strategy for stars
is to
star - correct Answer-In the BCG Matrix, a ________ is a business that has a low
market share in an industry characterized by high market growth.
A merger - correct Answer-________ is when a new legal entity is formed by a
combination or consolidation of two firms.
