WPC 470 FINAL EXAM NEWEST 2024 EXAM AC
n n n n n n n
TUAL EXAM COMPLETE 400 QUESTIONS ANDn n n n n
CORRECT DETAILED ANSWERS (VERIFIED A
n n n n n
NSWERS) ALREADY GRADED A+. n n n
Wallingford Company is trying to determine optimal ways to coll
n n n n n n n n n
ect and distribute knowledge throughout the firm. This is an acti
n n n n n n n n n n
vity for which support function in the value chain? a.Human reso
n n n n n n n n n n
urces
b. Finance
c. Management information systems n n
d. Distribution - n
ANSWER >>>>Management Information Systems
n n n n
Vendors across the country offer sunglasses that look virtually id
n n n n n n n n n
entical to those made by Chanel, Prada, Gucci, and other luxury
n n n n n n n n n n n
brands—including the trademark logos— n n n
but cost far less. These products are the result of:
n n n n n n n n n
a.competition. b.i n
mitation. c.counte n
rfeiting.
d.evolving consumer preferences. - ANSWER n n n n
>>>>counterfeiting
JoAnn Tucker recently took over as Chief Executive Officer (CE
n n n n n n n n n
O) of Burger-Rama, Inc. Burger-
n n n n
Rama has seen declining profits over the past five years and ha
n n n n n n n n n n n
s struggled to remain
n n n
,competitive in the fast- n n n
food industry. In order to achieve strategic competitiveness, Jo
n n n n n n n n
Ann must: n
a. .conduct training programs and hire educated and e n n n n n n n
xperienced employees. n
b. invest in sophisticated technology in relevant knowledge a
n n n n n n n
reas.
c.fire the current board of directors and start afresh. d.shift t
n n n n n n n n n n
he company's focus to marketing and develop an extensive
n n n n n n n n n
advertising campaign. - n n
ANSWER >>>>conduct training programs and hire educat
n n n n n n n
ed and experienced employees
n n n
Firms failing to perform the value-
n n n n n
chain activities and support functions in an optimum manner wh
n n n n n n n n n
en implementing the
n n
strategy become "stuck in the middle." n n n n n n
a.cost leadership n
b.focus c.different n
iation
d.integrated cost leadership/differentiation - ANSWER n n n n
>>>>integrated cost leadership/differentiation n n
The chief executive officer (CEO) and other top-
n n n n n n n
level managers often involve other people to develop the missio
n n n n n n n n n
n statement because:
n n
a. the mission deals more directly with product markets and c
n n n n n n n n n
ustomers.
b. it is viewed as a task that can easily be delegated. c.the m
n n n n n n n n n n n n
ission deals more directly with capital markets and sharehol
n n n n n n n n
ders.
d.forming the mission is typically not the final responsibility of the
n n n n n n n n n n
nCEO or other top-level managers. -
n n n n n
nANSWER >>>>The mission deals more directly with product m n n n n n n n n
arkets and customers n n
,A firm should outsource only activities where it:
n n n n n n n
a.has the probability of developing core competencies. b.ha
n n n n n n n
s developed the ability to innovate.
n n n n n
c.cannot match up a value chain activity with a support function.
n n n n n n n n n n
d.cannot create value or where it is at a substantial disadvantag
n n n n n n n n n n
e compared to competitors. - ANSWER
n n n n n
>>>>cannot create value or where it is at a substantial disadvan
n n n n n n n n n n
tage compared to competitiors
n n n
Which of the following strategies helps a firm concentrate on un
n n n n n n n n n n
derstanding its customers and their needs with greater clarity a
n n n n n n n n n
s a foundation for innovation?
n n n n
a. Market segmentation strategy n n
b. Business model strategy n n
c. Digital strategy n
d. Cost leadership strategy - ANSWER >>>>Digital strategy
n n n n n n
When a firm earns below-average returns, it:
n n n n n n
a. is able to maximize the interests of all stakeholders. b.s
n n n n n n n n n
hould reward those stakeholders who have the least pow
n n n n n n n n
er.
c.should try to minimize the amount of support lost from stakeho
n n n n n n n n n n
lders.
d.should treat all stakeholders the same. - ANSWER
n n n n n n n
>>>>should minimize the amount of support lost from stakehold
n n n n n n n n
ers
Which of the following statements about a flexible manufacturin
n n n n n n n n
g system (FMS) is NOT true?
n n n n n
a. .Used properly, an FMS allows the firm to increase its ef
n n n n n n n n n n
fectiveness in responding to changes in its customers'
n n n n n n n
, needs, while retaining low- n n n
cost advantages and consistent product quality.
n n n n n
b. An FMS is a computer- n n n n
controlled process that allows firms to produce a variety of pro n n n n n n n n n n
ducts in moderate, flexible quantities with a minimum of manu
n n n n n n n n n
al intervention.
n
c. The goal of an FMS is to eliminate the "low cost versus pr
n n n n n n n n n n n n
oduct variety" trade- n n
off that is inherent in traditional manufacturing technologie
n n n n n n n
s.
d. An FMS allows a manufacturer to connect with its suppliers, di
n n n n n n n n n n
stributors, and customers, which enables it to satisfy customer e n n n n n n n n n
xpectations in terms of product quality and delivery speed. - n n n n n n n n n
nANSWER >>>>An FMS allows a manufacturer to connect with i n n n n n n n n n
ts suppliers, distributors, and customers, which enables it to sati
n n n n n n n n n
sfy customer expectations in terms of product quality and deliver
n n n n n n n n n
y speed.
n
Which of the following statements about a firm's resources and
n n n n n n n n n n
capabilities is true? n n
a. All of a firm's resources and capabilities have the potential to
n n n n n n n n n n
nbe the foundation for a competitive advantage.
n n n n n n
b. It is difficult to achieve and sustain a competitive advantage b
n n n n n n n n n n
ased on resources alone. n n n
c. As a source of competitive advantage, a capability must be e
n n n n n n n n n n
xceedingly complex to understand and manage. n n n n n
d. When a resource is rare and valuable, it becomes a core co
n n n n n n n n n n n
mpetency. - n
nANSWER >>>>It is difficult to achieve and sustain a competi n n n n n n n n n
tive advantage based on resources alone
n n n n n
When examining the component of Future Objectives for a com
n n n n n n n n n
petitor analysis, which of the following is NOT a question that is
n n n n n n n n n n n n
addressed?
a. How do our goals compare with our competitors' goals?
n n n n n n n n
b. Where will emphasis be placed in the future? n n n n n n n
n n n n n n n
TUAL EXAM COMPLETE 400 QUESTIONS ANDn n n n n
CORRECT DETAILED ANSWERS (VERIFIED A
n n n n n
NSWERS) ALREADY GRADED A+. n n n
Wallingford Company is trying to determine optimal ways to coll
n n n n n n n n n
ect and distribute knowledge throughout the firm. This is an acti
n n n n n n n n n n
vity for which support function in the value chain? a.Human reso
n n n n n n n n n n
urces
b. Finance
c. Management information systems n n
d. Distribution - n
ANSWER >>>>Management Information Systems
n n n n
Vendors across the country offer sunglasses that look virtually id
n n n n n n n n n
entical to those made by Chanel, Prada, Gucci, and other luxury
n n n n n n n n n n n
brands—including the trademark logos— n n n
but cost far less. These products are the result of:
n n n n n n n n n
a.competition. b.i n
mitation. c.counte n
rfeiting.
d.evolving consumer preferences. - ANSWER n n n n
>>>>counterfeiting
JoAnn Tucker recently took over as Chief Executive Officer (CE
n n n n n n n n n
O) of Burger-Rama, Inc. Burger-
n n n n
Rama has seen declining profits over the past five years and ha
n n n n n n n n n n n
s struggled to remain
n n n
,competitive in the fast- n n n
food industry. In order to achieve strategic competitiveness, Jo
n n n n n n n n
Ann must: n
a. .conduct training programs and hire educated and e n n n n n n n
xperienced employees. n
b. invest in sophisticated technology in relevant knowledge a
n n n n n n n
reas.
c.fire the current board of directors and start afresh. d.shift t
n n n n n n n n n n
he company's focus to marketing and develop an extensive
n n n n n n n n n
advertising campaign. - n n
ANSWER >>>>conduct training programs and hire educat
n n n n n n n
ed and experienced employees
n n n
Firms failing to perform the value-
n n n n n
chain activities and support functions in an optimum manner wh
n n n n n n n n n
en implementing the
n n
strategy become "stuck in the middle." n n n n n n
a.cost leadership n
b.focus c.different n
iation
d.integrated cost leadership/differentiation - ANSWER n n n n
>>>>integrated cost leadership/differentiation n n
The chief executive officer (CEO) and other top-
n n n n n n n
level managers often involve other people to develop the missio
n n n n n n n n n
n statement because:
n n
a. the mission deals more directly with product markets and c
n n n n n n n n n
ustomers.
b. it is viewed as a task that can easily be delegated. c.the m
n n n n n n n n n n n n
ission deals more directly with capital markets and sharehol
n n n n n n n n
ders.
d.forming the mission is typically not the final responsibility of the
n n n n n n n n n n
nCEO or other top-level managers. -
n n n n n
nANSWER >>>>The mission deals more directly with product m n n n n n n n n
arkets and customers n n
,A firm should outsource only activities where it:
n n n n n n n
a.has the probability of developing core competencies. b.ha
n n n n n n n
s developed the ability to innovate.
n n n n n
c.cannot match up a value chain activity with a support function.
n n n n n n n n n n
d.cannot create value or where it is at a substantial disadvantag
n n n n n n n n n n
e compared to competitors. - ANSWER
n n n n n
>>>>cannot create value or where it is at a substantial disadvan
n n n n n n n n n n
tage compared to competitiors
n n n
Which of the following strategies helps a firm concentrate on un
n n n n n n n n n n
derstanding its customers and their needs with greater clarity a
n n n n n n n n n
s a foundation for innovation?
n n n n
a. Market segmentation strategy n n
b. Business model strategy n n
c. Digital strategy n
d. Cost leadership strategy - ANSWER >>>>Digital strategy
n n n n n n
When a firm earns below-average returns, it:
n n n n n n
a. is able to maximize the interests of all stakeholders. b.s
n n n n n n n n n
hould reward those stakeholders who have the least pow
n n n n n n n n
er.
c.should try to minimize the amount of support lost from stakeho
n n n n n n n n n n
lders.
d.should treat all stakeholders the same. - ANSWER
n n n n n n n
>>>>should minimize the amount of support lost from stakehold
n n n n n n n n
ers
Which of the following statements about a flexible manufacturin
n n n n n n n n
g system (FMS) is NOT true?
n n n n n
a. .Used properly, an FMS allows the firm to increase its ef
n n n n n n n n n n
fectiveness in responding to changes in its customers'
n n n n n n n
, needs, while retaining low- n n n
cost advantages and consistent product quality.
n n n n n
b. An FMS is a computer- n n n n
controlled process that allows firms to produce a variety of pro n n n n n n n n n n
ducts in moderate, flexible quantities with a minimum of manu
n n n n n n n n n
al intervention.
n
c. The goal of an FMS is to eliminate the "low cost versus pr
n n n n n n n n n n n n
oduct variety" trade- n n
off that is inherent in traditional manufacturing technologie
n n n n n n n
s.
d. An FMS allows a manufacturer to connect with its suppliers, di
n n n n n n n n n n
stributors, and customers, which enables it to satisfy customer e n n n n n n n n n
xpectations in terms of product quality and delivery speed. - n n n n n n n n n
nANSWER >>>>An FMS allows a manufacturer to connect with i n n n n n n n n n
ts suppliers, distributors, and customers, which enables it to sati
n n n n n n n n n
sfy customer expectations in terms of product quality and deliver
n n n n n n n n n
y speed.
n
Which of the following statements about a firm's resources and
n n n n n n n n n n
capabilities is true? n n
a. All of a firm's resources and capabilities have the potential to
n n n n n n n n n n
nbe the foundation for a competitive advantage.
n n n n n n
b. It is difficult to achieve and sustain a competitive advantage b
n n n n n n n n n n
ased on resources alone. n n n
c. As a source of competitive advantage, a capability must be e
n n n n n n n n n n
xceedingly complex to understand and manage. n n n n n
d. When a resource is rare and valuable, it becomes a core co
n n n n n n n n n n n
mpetency. - n
nANSWER >>>>It is difficult to achieve and sustain a competi n n n n n n n n n
tive advantage based on resources alone
n n n n n
When examining the component of Future Objectives for a com
n n n n n n n n n
petitor analysis, which of the following is NOT a question that is
n n n n n n n n n n n n
addressed?
a. How do our goals compare with our competitors' goals?
n n n n n n n n
b. Where will emphasis be placed in the future? n n n n n n n
