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MGMT 310 EXAM 2 VCU BICKMEIER || ALREADY PASSED.
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Which of the following is an advantage of a strong culture? correct answers A strong culture has been linked to better levels of performance Which of the following statements is a downside of unrelated diversification strategy? correct answers It can open a firm to higher levels of risk and unce...

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  • August 27, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • which of the following is an advantage of a strong

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MGMT 310 EXAM 2 VCU BICKMEIER || ALREADY
PASSED.
Which of the following is an advantage of a strong culture? correct answers A strong culture has
been linked to better levels of performance

Which of the following statements is a downside of unrelated diversification strategy? correct
answers It can open a firm to higher levels of risk and uncertainty.

Rivalry among existing competitors is more intense when? correct answers industry growth is
slow

Economies of scale arise. correct answers when a firm manufactures products in high volumes.

The factor that distinguishes functional organizational structure from divisional is that? correct
answers A functional structure is organized in terms of main activities performed.

Which of the following statements best describes competitive advantage? correct answers It
derives from a firm's ability to create value for its customers that exceeds the cost of producing
the product or service.

Which of the following statements is an advantage of related diversification strategy? correct
answers The sharing of resources is a key component of developing economies of scope and
often increases a firm's competitive advantage.

Which of the following statements is true of the organizational design and the life-cycle of a
firm? correct answers As a firm matures, it tends to emphasize division of labor

Which of the following is a disadvantage of a strong culture? correct answers A strong culture
tends to be difficult to change.

Which of the following statements is true about Porter's five-force model? correct answers Every
industry is different in terms of who maintains the power in the firm supplier relationship.

Which of the following firms is most likely to benefit from the clan approach? correct answers A
firm with highly uncertain working conditions

Which of the following is a weakness of the matrix structure? correct answers It often creates
confusing and inefficient scenarios for managers working in a functional group as well as across
divisions.

Which of the following best describes an organization's artifacts? correct answers Day to day
behaviors that can be observed.

, Which of the following is a characteristic of an organization's culture? correct answers Culture is
dynamic.

In a differentiation focused approach, a firm attempts to target. correct answers customers with
special needs or demands who comprise a small market.

The scope of a corporate-level strategy focuses on. correct answers The markets & business the
firm will compete in.

Which of the following statements is true of the levels of organizational culture? correct answers
Assumptions are deeply embedded in an organization's culture.

Which of the following is the main motive for international diversification? correct answers
Achieve economies of scale.

Which of the following firms is most likely to benefit from a bureaucratic approach? correct
answers A firm with high turnover and a diverse workforce.

Which of the following helps organizations to socialize employees? correct answers Role
modeling, leader examples, & coaching.

Primary activities of a firm's value chain refers to. correct answers the activities involved in the
physical creation of a product and its sale and transfer to the buyer.

Which of the following is a disadvantage of a divisional structure? correct answers Core
functions are duplicated, preventing the development of economies of scale.

Which of the following firms can be referred to as being "stuck in the middle"? correct answers
A firm that engages in numerous strategies but fails to master any one.

Thomas, the head of the marketing department in an organization, has structured his department
in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he
does not exert too much control over his workers and encourages two-way communication. His
workers tend to be highly satisfied with their jobs when compared to those in the finance
department, headed by John who exerts more control. From this scenario it can be inferred that
Thomas has adopted a _____ mechanism for coordinating. correct answers behavioristic

In conducting its SWOT analysis, a baseball team notes that most of its players are among the
best in the world and that their coach was a distinguished major-league player. Which part of the
SWOT analysis is this information pertinent to? correct answers Strengths

Fine Electronics is a corporation that controls all aspects of its business such as extracting raw
materials, manufacturing the products, distributing them, and finally marketing to customers. It
manages these activities through several business units, where one unit provides inputs to the
other. This is an example of? correct answers vertical integration

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