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WPC 470 questions with complete solutions graded A+
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WPC 470 questions with complete solutions graded A+
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WPC 470 questions with completesolutions graded A+
When firms are purchased in the same industry, this is known as: - correct answer ✔✔horizontal
acquisition
Effectively using executive compensation as a governance mechanism is particularly challenging for firms
implementing _____ strategies. - correct answer ✔✔international
By sharing resources and knowledge between units and network partners across country borders, firms
learn how to create - correct answer ✔✔synergy
Which of the following criterion is most likely to be used to measure the success of a small, new
company, Hippolite Mud Resort, which opened six months ago? - correct answer ✔✔Speed of growth
An appropriate guideline for competitor intelligence practices includes which of the following? - correct
answer ✔✔Respect the principles of common morality.
Managing the business units of a geographically diverse multinational firm requires skill, not only in
managing a _____ set of businesses, but also coordinating _____ points of view emerging from
businesses located in countries and regions. - correct answer ✔✔decentralized; diverse
All of the following are value-creating reasons for diversification EXCEPT: - correct answer ✔✔risk
reduction for the firm
Ted is one of the production managers at Agritech Industries. He feels that changes to products are
disruptive to the production procedures that are currently in place. In general, therefore, Ted views
innovations as threats. Ted lacks: - correct answer ✔✔an entrepreneurial mind-set.
Which of the following is a reason why it can be difficult for boards of directors to effectively assess top-
level managers' decisions on a regular basis? - correct answer ✔✔Typically, the effects of top-level
managers' decisions are stronger on the firm's long-term performance than its short-term performance.
, International corporate-level strategy focuses on the scope of a firm's operations through _____
diversification. - correct answer ✔✔geographic
A company that pursues a diversifying strategic alliance might be motivated by the desire to: - correct
answer ✔✔enter a new market.
What is the determinant of national advantage that fosters the growth of certain industries and varies
greatly from nation to nation? - correct answer ✔✔Firm strategy, structure, and rivalry
Which of the following is one of the most effective strategic leadership styles? - correct answer
✔✔Transformational leadership
When creating value through internal innovation processes, which of the following is important for
promoting integrated new product design ideas? - correct answer ✔✔Cross-functional product teams
A firm should analyze the internal organization to identify its strengths and weaknesses as reflected by
all of the following EXCEPT: - correct answer ✔✔competitors' capabilities
When a company has a homogeneous top management team and external CEO succession, which of the
following situations will result? - correct answer ✔✔An ambiguous situation where there is potential for
a change in the top management team and the strategy
While U.S. firms use downscoping as a restructuring strategy, - correct answer ✔✔many Asian and Latin
American conglomerates have also chosen to downscope.
Which of the following statements about a flexible manufacturing system (FMS) is NOT true? - correct
answer ✔✔An FMS allows a manufacturer to connect with its suppliers, distributors, and customers,
which enables it to satisfy customer expectations in terms of product quality and delivery speed.
_____ is change resulting from selecting and implementing a firm's strategies. - correct answer
✔✔Strategic change
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