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MGMT 310 EXAM 2 VCU BICKMEIER questions well answered to pass
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MGMT 310 EXAM 2 VCU BICKMEIER questions well answered to pass
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MGMT 310 EXAM 2 VCU BICKMEIERWhich of the following is an advantage of a strong culture? - correct answer ✔✔A strong culture has
been linked to better levels of performance
Which of the following statements is a downside of unrelated diversification strategy? - correct answer
✔✔It can open a firm to higher levels of risk and uncertainty.
Rivalry among existing competitors is more intense when? - correct answer ✔✔industry growth is slow
Economies of scale arise. - correct answer ✔✔when a firm manufactures products in high volumes.
The factor that distinguishes functional organizational structure from divisional is that? - correct answer
✔✔A functional structure is organized in terms of main activities performed.
Which of the following statements best describes competitive advantage? - correct answer ✔✔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 answer
✔✔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 answer ✔✔As a firm matures, it tends to emphasize division of labor
Which of the following is a disadvantage of a strong culture? - correct answer ✔✔A strong culture tends
to be difficult to change.
Which of the following statements is true about Porter's five-force model? - correct answer ✔✔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 answer ✔✔A firm
with highly uncertain working conditions
Which of the following is a weakness of the matrix structure? - correct answer ✔✔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 answer ✔✔Day to day
behaviors that can be observed.
Which of the following is a characteristic of an organization's culture? - correct answer ✔✔Culture is
dynamic.
In a differentiation focused approach, a firm attempts to target. - correct answer ✔✔customers with
special needs or demands who comprise a small market.
The scope of a corporate-level strategy focuses on. - correct answer ✔✔The markets & business the firm
will compete in.
Which of the following statements is true of the levels of organizational culture? - correct answer
✔✔Assumptions are deeply embedded in an organization's culture.
Which of the following is the main motive for international diversification? - correct answer ✔✔Achieve
economies of scale.
Which of the following firms is most likely to benefit from a bureaucratic approach? - correct answer
✔✔A firm with high turnover and a diverse workforce.
Which of the following helps organizations to socialize employees? - correct answer ✔✔Role modeling,
leader examples, & coaching.
Primary activities of a firm's value chain refers to. - correct answer ✔✔the activities involved in the
physical creation of a product and its sale and transfer to the buyer.
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