Question 1

Discuss the two characteristics that determine the sustainability of a firm's distinctive competency.

Accepted Answer

Two characteristics determine the sustai...

Question 2

The speed with which other firms can understand the relationship of resources and capabilities supporting a successful firm's strategy is called

Accepted Answer

A)   imitability.
B)   reverse engineering.
C)   transferability.
D)   transparency.
E)   durability.F) B) and E)
G) B) and D)

Question 3

Discuss the three basic organizational structures.

Accepted Answer

The three basic organizational structure...

Question 4

Which of the following is NOT one of the four question areas Barney proposes in his VRIO framework used to evaluate a firm's key resources?

Accepted Answer

A)   organization
B)   durability
C)   rareness
D)   value
E)   imitabilityF) B) and E)
G) A) and B)

Question 5

The PRIMARY task of the manager of information systems is to

Accepted Answer

A)   prevent unlawful usage of the information from the system.
B)   make sure the information contained in the system is up-to-date and accurate.
C)   monitor the input of information into the information system.
D)   design and manage the flow of information in a corporation to improve productivity and decision making.
E)   ensure that only those who have authorized permission have access to the information system.F) B) and C)
G) B) and E)

Question 6

The breadth of an organization's culture is also known as

Accepted Answer

A)   cultural intensity.
B)   cultural diversification.
C)   cultural integration.
D)   cultural strategy.
E)   cultural prerogative.F) C) and D)
G) A) and B)

Question 7

When scientists concentrate on quality control and the development of design specifications and improved production equipment, it is referred to as

Accepted Answer

A)   basic R&D.
B)   product R&D.
C)   engineering R&D.
D)   life cycle R&D.
E)   R&D mix.F) B) and C)
G) C) and D)

Question 8

The mix in the workplace of people from different races, cultures, and backgrounds is referred to as

Accepted Answer

A)   demographics.
B)   human diversity.
C)   quality of work life.
D)   globalization.
E)   internationalization.F) A) and E)
G) B) and C)

Question 9

Knowledge that is not easily communicated because it is deeply rooted in employee experience or in a corporation's culture is called

Accepted Answer

A)   tacit knowledge.
B)   explicit knowledge.
C)   imitable knowledge.
D)   transferable knowledge.
E)   durable knowledge.F) All of the above
G) A) and C)

Question 10

On the continuum of resource sustainability, where would streaming movies be placed?

Accepted Answer

A)   slow-cycle resources
B)   sustainable resources
C)   standard-cycle resources
D)   fast-cycle resources
E)   down-cycle resourcesF) A) and E)
G) A) and C)

Question 11

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

Accepted Answer

A)   marketing position.
B)   product life cycle.
C)   market segmentation.
D)   marketing mix.
E)   marketing leverage.F) A) and E)
G) A) and D)

Question 12

The EFAS Table is one way to organize the internal factors into generally accepted categories of strengths and weaknesses as well as to analyze how well a particular company's management is responding to these specific factors in light of the perceived importance of these factors to the company.

Accepted Answer

A) True 
 B)False

Question 13

Distinguish between continuous and intermittent manufacturing systems providing examples of each.

Accepted Answer

Manufacturing can be intermittent or con...

Question 14

The term that describes putting once isolated specialists together to work and compare notes in a collective product design effort is called

Accepted Answer

A)   simultaneous strategy.
B)   participatory planning.
C)   jointly designed objectives.
D)   concurrent engineering.
E)   cooperative design.F) C) and D)
G) B) and E)

Question 15

Which of the following is NOT a function of corporate culture?

Accepted Answer

A)   conveys a sense of identity for employees
B)   adds to the stability of the organization as a social system
C)   helps generate employee commitment to something greater than themselves
D)   keeps people guessing about what to do next
E)   serves as a frame of reference for employees to use as a guide for appropriate behaviorF) A) and C)
G) C) and E)

Question 16

When examining the corporate value chain of a particular product or service, which one of the following is NOT one of the PRIMARY activities that usually occur?

Accepted Answer

A)   operations
B)   inbound and outbound logistics
C)   auditing and accounting
D)   marketing and sales
E)   customer serviceF) A) and E)
G) B) and E)

Question 17

When a company determines that a competency provides a competitive advantage, Barney refers to this issue as

Accepted Answer

A)   value.
B)   rareness.
C)   imitability.
D)   organization.
E)   durability.F) B) and E)
G) None of the above

Question 18

The particular combination of product, place, promotion, and price is called

Accepted Answer

A)   marketing position.
B)   product life cycle.
C)   market segmentation.
D)   marketing mix.
E)   marketing leverage.F) C) and E)
G) B) and C)

Question 19

Describe Barney's VRIO framework.

Accepted Answer

Barney, in his VRIO framework of analysi...

Question 20

The corporate culture generally reflects the values of the founder(s)and the mission of the firm.

Accepted Answer

A) True 
 B)False

Exam 5: Internal Scanning and Organizational Analysis

Discuss the three basic organizational structures.

Correct AnswerverifiedThe three basic organizational structure...View AnswerShow Answer

Discuss the two characteristics that determine the sustainability of a firm's distinctive competency.

Correct AnswerverifiedTwo characteristics determine the sustai...View AnswerShow Answer

Knowledge that is not easily communicated because it is deeply rooted in employee experience or in a corporation's culture is called

Correct AnswerverifiedShow Answer

The breadth of an organization's culture is also known as

Correct AnswerverifiedShow Answer

The mix in the workplace of people from different races, cultures, and backgrounds is referred to as

Correct AnswerverifiedShow Answer

The PRIMARY task of the manager of information systems is to

Correct AnswerverifiedShow Answer

The particular combination of product, place, promotion, and price is called

Correct AnswerverifiedShow Answer

The corporate culture generally reflects the values of the founder(s)and the mission of the firm.

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the four question areas Barney proposes in his VRIO framework used to evaluate a firm's key resources?

Correct AnswerverifiedShow Answer

When a company determines that a competency provides a competitive advantage, Barney refers to this issue as

Correct AnswerverifiedShow Answer

The EFAS Table is one way to organize the internal factors into generally accepted categories of strengths and weaknesses as well as to analyze how well a particular company's management is responding to these specific factors in light of the perceived importance of these factors to the company.

Correct AnswerverifiedShow Answer

The speed with which other firms can understand the relationship of resources and capabilities supporting a successful firm's strategy is called

Correct AnswerverifiedShow Answer

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

Correct AnswerverifiedShow Answer

Distinguish between continuous and intermittent manufacturing systems providing examples of each.

Correct AnswerverifiedManufacturing can be intermittent or con...View AnswerShow Answer

When scientists concentrate on quality control and the development of design specifications and improved production equipment, it is referred to as

Correct AnswerverifiedShow Answer

Describe Barney's VRIO framework.

Correct AnswerverifiedBarney, in his VRIO framework of analysi...View AnswerShow Answer

Which of the following is NOT a function of corporate culture?

Correct AnswerverifiedShow Answer

On the continuum of resource sustainability, where would streaming movies be placed?

Correct AnswerverifiedShow Answer

When examining the corporate value chain of a particular product or service, which one of the following is NOT one of the PRIMARY activities that usually occur?

Correct AnswerverifiedShow Answer

The term that describes putting once isolated specialists together to work and compare notes in a collective product design effort is called

Correct AnswerverifiedShow Answer

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The three basic organizational structure...
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Two characteristics determine the sustai...
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Manufacturing can be intermittent or con...
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Barney, in his VRIO framework of analysi...
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Correct Answer
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