30 BUS mcq

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

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