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BUAD 453 - Mine Exam With Complete Solution
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BUAD 453 - Mine Exam With Complete SolutionMore people seem to fear being bitten by a snake than a dog, and yet, statistically, one
is more likely to be bitten by a dog than by a snake. This may be due to people's
tendency to judge the likelihood of an event based on how easily examples of the event
come to mind. This represents which of the following cognitive biases? - ANSWER
Availability Error
Which of the following is the organization's chief general manager? - ANSWER Chief
Executive Officer (CEO)
Jeffrey Pfeffer believes that a manager's power comes from his or her: - ANSWER
Control over important organizational resources
Which of the following principal factors helps increase shareholder value? - ANSWER
Profitability
Taken in the context of the strategic management of a company, _______ ________ have
profit-and-loss responsibility for a product, a business, or the company as a whole -
ANSWER General managers
Which of the following best defines shareholder value? - ANSWER It refers to the returns
that shareholders earn from purchasing shares in a company
Scenario planning is a technique for coping with the problem of: - ANSWER uncertainty
In a typical scenario planning exercise: - ANSWER Managers formulate plans based
upon "what-if" scenarios that concern the future.
Between 2010 and 2016, Blue Drinks, a global beverage company, extended its ROIC
, from $5 million to $25 million by adding more flavors to its product line. The $20 million
improvement in its ROIC between 2010 and 2016 may be known as which of the
following? - ANSWER Profit Growth
Which of the following is NOT a barrier to entry? - ANSWER High customer bargaining
power
Which of the following is NOT one of the macroeconomic forces? - ANSWER Cultural
changes
Demand reaches total saturation in the ________ stage of the industry life cycle -
ANSWER maturity
Which of the following is NOT a determinant of the extent of the rivalry among
established companies? - ANSWER The bargaining power of buyers
Which of the following industry structures is composed of a large number of small or
medium-sized companies, none of which is in a position to determine industry price? -
ANSWER Fragmented industry
An industry can be defined as a group of: - ANSWER Companies offering products or
services that are close substitutes for each other
The competitive structure of an industry refers to the number ___ ____ __________ __
__________ within it - ANSWER and size distributions of companies
Which of the following statements about complementors is true? - ANSWER They have
the power to impact the sales of the industry to which they supply complement products
Suppliers in an industry are most powerful when: - ANSWER there are few substitutes
for the products that they sell
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