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MGT 498 Final Exam MCQs..............




Question;QUESTION 1;1. A ____________ is an association of several companies;sharing a specific strategic purpose.;a.;cross-equity alliance;b.;virtual alliance;c.;golden parachute;d.;consortia;e.;diversified organization;5 points;QUESTION 2;1. When considering first-mover advantage within an industry;that has powerful suppliers, which of the following is a critical resource for;the first-mover to possess?;a.;The implementation of pay for performance;b.;Bargaining power;c.;Valuable customers;d.;An easily imitated product;e.;An easily imitated service;5 points;QUESTION 3;1. The most complex configuation aims to simultaneously;achieve global ____________.;a.;cost leadership and differentiation;b.;mergers and acquisitions;c.;efficiency and maximize local responsiveness;d.;dominance while acting in an ethical fashion;e.;notoriety while keeping proprietary information secret;5 points;QUESTION 4;1. Effective corporate strategies focus on __________.;a.;considering how entry into a new industry will increase;overall firm competitiveness;b.;considering how the corporation can add value to its;existing lines of business;c.;considering which business arenas the company should compete;in;d.;considering how diversification might help the corporation;to compete;e.;All of the Above;5 points;QUESTION 5;1. In an alliance with Big Company, your company invested in;a $10,000,000 diaper making machine with the idea being that Big Company would;buy the supply of diapers you made over the next ten years. After you had;bought and installed the machine, the management of Big Company informed you;that they would only be paying you 10 cents a diaper as opposed to the 20 cents;you thought they had initially indicated. This is an example of ___________.;a.;adverse selction;b.;moral hazard;c.;a hold-up;d.;how easy it is to understand alliance partners;e.;a criminal activity;5 points;QUESTION 6;1. The essential elements of ___________ deal with;accountability for fraud, analysts' conflicts of interest, disclosure, auditor;independence, accounting oversight and attorney's responsibilities.;a.;the Taft-Hartley Act;b.;the EEOC;c.;the Humpty-Dumpty Act;d.;the Sarbanes-Oxley Act;e.;Emageon analysis;5 points;QUESTION 7;1. ____________ strategies do not take existing rules of;competition for granted but attempt to create value by approaching competition;by violating some of these taken-for-granted rules.;a.;Illegal;b.;Unethical;c.;Revolutionary;d.;Static;e.;Global;5 points;QUESTION 8;1. ___________ is/are required if top management wants to;execute rapid strategic change.;a.;Confusion;b.;Stress;c.;Incentives;d.;Frustration;e.;Conflict;5 points;QUESTION 9;1. ___________ is an exaggerated self-confidence that may;lead managers to overestimate the value of an acquisition target.;a.;Agency theory;b.;Esteem;c.;Hubris;d.;Efficacy;e.;Ineptitude;5 points;QUESTION 10;1. The "Milk Cliff" concerns _________.;a.;an attractive vacation location on the shores of Lake;Superior in the Upper Peninsula;b.;a lack of political leadership;c.;where cows go to hang-out;d.;tension among the major political parties;e.;where one throws his or her money in the air, and hopes it;hits the river of milk below;5 points;QUESTION 11;1. The breadth and diversity of countries in which a firm;operates is referred to as __________.;a.;geographic scope;b.;global positioning;c.;diversification;d.;differentiation;e.;transnational operations;5 points;QUESTION 12;1. When entering a promising arena with a new business a;company can ________.;a.;use a revolutionary strategy;b.;focus on a niche;c.;leverage existing resources;d.;use various combinations of (a), (b), and (c);e.;any one method, either (a), or (b), or (c);5 points;QUESTION 13;1. If you were considering the impact that different;languages, political stability, physical remoteness, and cost and quality of;available resources were going to have on your plans for geographical;expansion, you would most likely be using ____________ as an analysis tool.;a.;the value net;b.;portfolio planning;c.;profit pools;d.;the cage framework;e.;Bower's Classification;5 points;QUESTION 14;1. When thinking about strategic alliances the _________ is;a framework that allows the top management of firms to better understand which;points of coordination exist as opportunities for improving performance.;a.;value chain;b.;competitive grid;c.;diversity complex;d.;theory of quantum mechanics;e.;winner's circle;5 points;QUESTION 15;1. Which of the following allows top management to better;control its organization?;a.;Organizational processes;b.;Organizational structure;c.;Organizational systems;d.;Incentive programs for employees;e.;All of the Above;5 points;QUESTION 16;1. Your firm has created a contract with Political Contacts.;LLC., located in Mexico to provide you with needed political advice and;connections for your geographic expansion. Unfortunately, Political Contacts;LLC has personnel that know very little and have no useful political;connections in Mexico. This is an example of ____________.;a.;adverse selection;b.;moral hazard;c.;a hold-up;d.;how easy it is to understand alliance partners;e.;your management having done a good job with its due;diligence;5 points;QUESTION 17;1. Which of the following are considered the three Cs of;strategy communication?;a.;Contacts, Contracts, Credibility;b.;Contacts, Collaboration, Cultural Understanding;c.;Collaboration, Credibility, Cultural Understanding;d.;Contacts, Credibility, Cultural Understanding;e.;Contacts, Clarity, Cultural Understanding;5 points;QUESTION 18;1. Mathmatically, synergy can be expressed as ____________.;a.;14/2 = 7;b.;4+4=10;c.;2+2<4;d.;4/2=2;e.;2+2=3;5 points;QUESTION 19;1. During the implementation of a strategic alliance, your;partner fails to provide you with its best engineers as promised, instead;allowing you to use its less experienced engineers. This is an example of;a.;adverse selection;b.;moral hazard;c.;a hold-up;d.;how stability can be counted on in alliances;e.;how easy it is to understand alliance partners;5 points;QUESTION 20;1. Which of the following is true?;a.;Strategy formulation is the same as strategy implementation.;b.;Implementation levers can be considered organizational;control mechanisms.;c.;There is no meaningful difference between general and;specialized resources.;d.;Profit pools fail to evaluate adjacent market opportunities.;e.;None of the above are true.;5 points;QUESTION 21;1. Red Bull entered the ________ market of energy drinks;within the larger soft drink market.;a.;shrinking;b.;alcoholic;c.;mature;d.;niche;e.;declining;5 points;QUESTION 22;1. __________ is the final stage of the turnaround process.;a.;Stabilization;b.;Implementing an emergency action plan;c.;Analyzing the situation;d.;Changing management;e.;Returning to normal;5 points;QUESTION 23;1. Incentive packages that include _________ tend to promote;longer-term performance.;a.;piece-rate compensation;b.;restricted stock;c.;quarterly bonuses;d.;stock dividends;e.;pay inequity;5 points;QUESTION 24;1. It is important to __________ to get organizational;transformation started.;a.;form a powerful guiding coalition;b.;plan for and create short-term wins;c.;communicate the vision;d.;establish a sense of urgency;e.;create a vision;5 points;QUESTION 25;1. A ___________ is defined as the collection of ties;between people and the strength of those ties.;a.;Facebook network;b.;formal organizational structure;c.;social network;d.;strategic alliance;e.;matrix structure;5 points;QUESTION 26;1. Which of the following is not one of the four causes of;dynamic change in an industry?;a.;Competitive interactions;b.;Global issues;c.;Technological disruptions;d.;Reliance on accepted assumptions;e.;Industry evolution;5 points;QUESTION 27;1. Efficiency is ________.;a.;defined as the time it takes to produce a product;b.;pursued only by cost leaders;c.;defined as the cost of inputs required to produce a given;output;d.;defined as the time and costs of inputs required to produce;e.;None of These;5 points;QUESTION 28;1. Wall Street usually reacts positively to firm downsizing;moves that often result in _________.;a.;long-term performance declines;b.;more employees showing-up for work;c.;a lower average turnover;d.;an immediately lower stock price;e.;increasing the redundancy of organizational roles;5 points;QUESTION 29;1. Which of the following conditions are necessary for a;first-mover to sustain competitive advantage?;a.;The scale of a firm's first move makes imitation unlikely;b.;A first-mover has difficulty establishing a positive;reputation;c.;The first-mover's product or service meets an important need;but is flawed;d.;The first mover lacks a key complement, such as distribution;channel access, relative to better access by a competitor;e.;None of the Above;5 points;QUESTION 30;1. The ____________ is the idea that every public company is;theoretically for sale.;a.;free market;b.;the bid-ask default notion;c.;four-actions framework;d.;market for coporate control;e.;economies of the long tail;5 points;QUESTION 31;1. A good business definition will ____________.;a.;make imitation easy for competitors;b.;remain static over time;c.;reflect creative exploration of opportunities in the;competitive space;d.;be based on imitating competitors;e.;None of the Above;5 points;QUESTION 32;1. When there are many opportunities to gain global;efficiencies and customer demands require a relatively high level of local;responsiveness, it is best to develop and execute a/an ____________ vision.;a.;international;b.;transnational;c.;global;d.;multinational;e.;niche;5 points;QUESTION 33;1. A __________ is a corporation that operates many;businesses that are largely unrelated.;a.;conglomerate;b.;niche player;c.;differentiator;d.;multinational firm;e.;None of the Above;5 points;QUESTION 34;1. The simpliest vehicle for international expansion is;a.;to create alliances;b.;to export;c.;to consolidate structures across boundaries;d.;to make foreign direct investments;e.;to merge with multinational corporations;5 points;QUESTION 35;1. ___________ are used to access more capital through the;world's stock markets.;a.;Net present value calculations;b.;Bootstrapping techniques;c.;IPOs;d.;Expatriates;e.;Value nets;5 points;QUESTION 36;1. The risk of a price war is greatest in which of the;following circumstances?;a.;A high-growth industry;b.;An industry characterized by falling demand, high exit;barriers, and excessive productive capacity;c.;An industry characterized by a "commodity-type;product, strong demand, and low exit barriers;d.;A mature industry during an economic upturn;e.;An industry characterized by tacit price agreements;5 points;QUESTION 37;1. Which of the following is true regarding corporate;governance?;a.;it includes pay and promotion considerations;b.;it affects the way strategy is executed;c.;it is related to strategy formulation;d.;it is related to strategy implementation;e.;All of the Above;5 points;QUESTION 38;1. __________ options may occur when an entry investment;creates opportunities to pursue valuable follow-up projects.;a.;Learning;b.;Growth;c.;Flexibility;d.;Exit;e.;Waiting-to-invest;5 points;QUESTION 39;1. All of the following except _________ are global trends.;a.;increasing resource strains;b.;a growing number of consumers in emerging economies;c.;decreasing global labor and talent markets;d.;increasing environmental strains;e.;shifting of economic activity within countries and regions;5 points;QUESTION 40;1. Corporate governance mechanism are ____________.;a.;pretty much the same wherever you go;b.;are somewhat dependent on the national context in question;c.;characterized by an immediate abandoning of the old;established technology;d.;more adversarial between owners and managers in Japan;e.;indifferent to the interests of corporate shareholders;5 points;QUESTION 41;1. The _____________ occurs when a new product generates;rapid growth and huge sales increases.;a.;IPO;b.;maturation phase;c.;takeoff period;d.;product life-cycle;e.;All of the Above;5 points;QUESTION 42;1. Because every country has a relatively unique business;environment, the more country environments a firm must deal with, the;cost(s) of coordinating operations across these diverse;environments.;a.;greater the difficulty and;b.;greater the chance of synergy and a lower;c.;lower the;d.;easier it will be to absorb;e.;None of the Above;5 points;QUESTION 43;1. Making decisions about which value chain activities to;engage in while pursuing international strategies involves considering the;element.;a.;differentiators;b.;economic logic;c.;vehicles;d.;staging and pacing;e.;arenas;5 points;QUESTION 44;1. The balanced scorecard ____________.;a.;balances costs against benefits;b.;measures strategy and vision against business and;operating-unit-level performance;c.;attempts to weigh the benefits of combining cost leadership;and differentiation;d.;focuses on only financial objectives;e.;has nothing to do with personal objectives;5 points;QUESTION 45;1. Which of the following is false?;a.;Total benefits of internationalization take the shape of a;S-curve;b.;Total costs of internationalization tend to increase with;levels of internationalization;c.;Net gains from internationalization tend to increase as;levels of internationalization increase;d.;Net gains from internationalization take on the shape of a;S-curve;e.;Net gains from internationalization are affected by the;total costs of internationalization;5 points;QUESTION 46;1. ___________ suggests that because competitive actions;will generate reactions, a firm's managers should predict reactions to its;actions and use that information to determine what would be the best course of;action given competitors' likely reactions.;a.;Being "stuck-in-the-middle;b.;Institutional theory;c.;The theory of perfect competition;d.;Competitive interaction theory;e.;The resource-based theory of the firm;5 points;QUESTION 47;1. In ________ public firms are controlled by state-owned or;state-controlled share-holders.;a.;Detroit;b.;Flint;c.;China;d.;the U.S.A.;e.;both (a) and (b);5 points;QUESTION 48;1. When workers are treated as a commodity you can expect;pay and ________ commitment.;a.;low / high;b.;low / low;c.;high / low;d.;high / high;e.;All of the Above;5 points;QUESTION 49;1. The Krispy Kreme case provides an example of ___________.;a.;how important it is to have a delicious doughnut;b.;the importance of good corporate governance;c.;a company stock price that just keeps rising and rising;d.;how the pocket book is more important than the stomach;e.;why public servants are often found in doughnut shops;5 points;QUESTION 50;1. Implementing the integration of a new acquisition is;a.;not so much an event as it is a continual process;b.;easy once the firm is acquired;c.;purely a cultural issue;d.;purely a technical issue;e.;a process in which important decisions should be made slowly;5 points;QUESTION 51;1. A company lacking only __________ will likely experience;a very stressful transformation.;a.;a clear communication of vision;b.;an appropriate structure;c.;a well thought-out execution plan;d.;the requisite skills;e.;the motivating incentives;5 points;QUESTION 52;1. Potential advantages of alliances include ___________.;knowledge sharing;effective management;joint investment;complimentary resources;All of the Above;5 points;QUESTION 53;1. In an industry with intense rivalry resulting in supply;consistently being higher than demand, you would expect the following type of;M&A;a.;Product/Market extension;b.;Geographic roll-ups;c.;Industry convergence;d.;M&A as Research and Development;e.;Overcapacity M&A;5 points;QUESTION 54;1. ____________ call for managers to think of arenas as;sites in which to conduct experiments or launch probes into the possible future;of the firm and its strategy.;a.;Idiosyncratic resources;b.;Technological discontinuities;c.;Turbulent and hypercompetitive markets;d.;Glabalization strategies;e.;None of the Above;5 points;QUESTION 55;1. Which of the following is a sound management practice?;Aiming for _________ and rewarding for _________.;a.;teamwork / individual effort;b.;candor / agreeing with the boss;c.;delayering / creating efficiency;d.;long-term growth / quarterly earnings;e.;total quality / shipping on schedule even with defects;5 points;QUESTION 56;1. Which of the following industries contains the majority;of the top six revenue generating corporations?;a.;Automotive;b.;Banking;c.;Insurance;d.;Oil and Gas;e.;Telecommunications;5 points;QUESTION 57;1. Which of the following is false?;a.;In dynamic environments, synergies are achieved through;static definitions of the business-unit arenas and formal structural links;among them.;b.;Monopolies tend to dictate the price levels in a market by;controlling supply.;c.;In the evolution of firms over time, most leadership teams;decide to expand into new businesses.;d.;Firms with a broad scope of business activities have;different demands for organizational structure than firms that are narrowly;focused.;e.;Perfect competition is the ideal environment for maximizing;firm profits.;5 points;QUESTION 58;1. Entrepreneurship starts with _____________.;a.;venture capitalists;b.;angel investors;c.;financing;d.;an idea;e.;None of the Above;5 points;QUESTION 59;1. __________ is best described as a web of shifting;linkages among evolving businesses.;a.;A social network;b.;High-end disruption;c.;Low-end disruption;d.;An agency problem;e.;Coevolution;5 points;QUESTION 60;1. All of the following except ____________ are part of;strategy formulation.;a.;staging and pricing;b.;deciding on which industries to compete in;c.;executing implementation levers;d.;considering the economic logic of your business model;e.;determining what will differentiate your product or service


Paper#45717 | Written in 18-Jul-2015

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