Exam (elaborations)
Mgmt 434 chapter 3 Quiz 3 Exam( elaboration) Questions & answers
- Course
- Institution
Mgmt 434 chapter 3 Quiz 3 Exam( elaboration) Questions & answers
[Show more]
Content preview
Mgmt434
chapter
3
Quiz
3
__________
is
the
ability
to
analyze,
understand,
and
manage
an
internal
organization
in
ways
that
are
not
dependent
on
the
assumptions
of
a
single
country,
culture,
or
context.
a.Strategic
thinking
b.Competency-discovering
c.Profit-pooling
d.A
global
mind-set
-
ANS-d.A
global
mind-set
A
firm's
core
competencies,
integrated
with
an
understanding
of
the
results
of
studying
the
conditions
in
the
external
environment,
should:
a.drive
the
selection
of
strategies.
b.increase
the
firm's
market
share.
c.lead
to
a
first-mover
advantage.
d.guarantee
profits.
-
ANS-a.drive
the
selection
of
strategies.
A
major
reason
outsourcing
is
effective
is
that:
a.it
permits
unlimited
access
to
capital
resources.
b.few
firms
possess
superior
capability
in
each
value
chain
activity
and
support
function.
c.it
increases
the
innovative
potential
of
the
firm.
d.competitors
do
not
have
access
to
the
same
external
sources.
-
ANS-b.few
firms
possess
superior
capability
in
each
value
chain
activity
and
support
function.
A
person
who
has
made
a
successful
decision
when
no
obviously
correct
model
or
rule
is
available
or
when
relevant
data
are
unreliable
or
incomplete
has
exercised:
a.foresight.
b.decisiveness.
c.judgment. d.effective
strategic
thinking.
-
ANS-c.judgment.
A
veterinary
practice
has
added
a
pet
boarding
and
grooming
facility.
Most
of
the
practice's
competitors
also
provide
these
services.
The
veterinary
practice
is
gaining
competitive:
a.advantage.
b.disadvantage.
c.neutrality.
d.parity.
-
ANS-d.parity.
Capabilities
allow
the
firm
to
a.
have
power
over
suppliers.
b.
have
power
over
buyers.
c.
deliver
cost
savings
to
customers.
d.
turn
inputs
into
outputs.
-
ANS-d.
turn
inputs
into
outputs
Coffee
roasting
is
described
as
one
of
Starbucks'
valuable
resources.
T/F
-
ANS-False
Compared
to
tangible
resources,
intangible
resources
are
__________
and
__________.
a.more
visible;
less
difficult
to
copy
b.more
visible;
more
difficult
to
copy
c.less
visible;
more
difficult
to
copy
d.less
visible;
less
difficult
to
copy
-
ANS-c.less
visible;
more
difficult
to
copy
Compared
to
tangible
resources,
intangible
resources
are:
a.less
likely
to
be
the
focus
of
strategic
analysis.
b.a
superior
source
of
capabilities.
c.more
likely
to
be
reflected
on
the
firm's
balance
sheet.
d.of
less
strategic
value
to
the
firm.
-
ANS-b.a
superior
source
of
capabilities.
External
factors
(general,
industry,
competitor)
explain
nearly
50%
more
of
a
firm's
performance
variation
than
do
Internal
factors
(resources
and
capabilities).
T/F
-
ANS-False
One
capability
that
can
be
learned
from
failure
is
when
to:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AnswersCOM. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
