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Business & Corporate Strategy MCQs

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Question;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 simplest 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.;Globalization 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#52951 | Written in 18-Jul-2015

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