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MNG4801 EXAM PACK 2023
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MNG4801 EXAM PACK 2023
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MNG2602 EXAM PACK 2023- DISTINCTIONGUARANTEED
1). E
Ans: ________ is when both market uncertainty and technical uncertainty are high.
A.
Real options thinking
B.
Market uncertainty
C.
Scouting options
D.
Positioning options
E.
Stepping-stone options
2). D
Ans: Which of the following is NOT considered a real asset?
A.
Finished goods inventories
B.
Information technology
C.
Distribution systems
D.
Patents
E.
Land
3). C
Ans: Which of the following is NOT true about types of flexibilities that an organization
may possess?
A.
Actions a firm takes can create more than one type of flexibility simultaneously.
B.
The option to abandon is when a firm makes choices that enhance its ability to close and
restart a business.
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, C.
The option to expand is when a firm makes choices that enhance its ability to enhance its
strategy beyond its current boundaries.
D.
Strategic flexibility created by a firm having options can take many forms, not just one.
E.
A firm that builds a plant that is very difficult to increase in capacity is less flexible than
this firm. This is why the option to grow is often attractive to a firm.
4). D
Ans: When the real options that a company confronts are ________, or when the ability
to do real options analysis is widely diffused among competing firms, real options
analysis is ________ to be a source of competitive advantage for a firm.
A.
not path dependent; likely
B.
flexible; not likely
C.
not flexible; not likely
D.
not path dependent; not likely
E.
path dependent; not likely
5). D
Ans: Which of the following describes the time to maturity for an option?
A.
The longer the time to maturity, the greater is the uncertainty of a real option.
B.
The longer the time to maturity, the higher reward of that option.
C.
The shorter the time to maturity, the greater is the value of a real option.
D.
The longer the time to maturity, the greater is the value of a real option.
E.
The shorter the time to maturity, the greater is the uncertainty of a real option.
6). E
Ans: The ________ of cash flows generated by choosing and implementing a certain
strategy is equal to the sum of those cash flows, discounted by how risky they are.
A.
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