SEVI 3013 COMPREHENSIVE TEST BANK
FULL QUESTIONS AND VERIFIED ANSWERS
LEARNING PACKAGE
●● According to the textbook, intellectual capital is the difference
between market value and the book value of a firm. Intellectual capital
can be increased by...
A. attracting and retaining knowledgeable workers
B. decreasing labor costs
C. increasing retention of below average workers
D. increasing the turnover of employees
Answer: A. attracting and retaining knowledgable workers
●● Medical monitoring through wearable devices has been approved by
the U.S. Food and Drug Administration for offers from Apple. This is an
important development of which factor of the general environment?
A. technological
B. demographic
C. sociocultural
D. economic
Answer: A. technological
●● Scanning the general environment would identify information on...
,A. customer and firm bargaining power
B. competitive rivalry
C. the aging population and ethnic shifts
D. substitute goods
Answer: C. the aging population and ethnic shifts
●● Two of the key inputs to developing forecasts discussed in the text
are...
A. environmental scanning and competitive intelligence
B. environmental scanning and stakeholder identification
C. assessing internal strengths and environmental scanning
D. environmental scanning and SWOT analysis
Answer: A. environmental scanning and competitive intelligence
●● Airbnb, a room-sharing site, offers more rooms than Marriott.
Goldman Sachs suggests that the supply of new rooms over the next two
years will outpace the previous five even though the growth of American
occupancy rates has begun to slow. Which competitive force is involved
in this situation?
A. threat of proprietary products
B. threat of new buyers
C. threat of new entrants
D. threat of favorable government policies
, Answer: C. threat of new entrants
●● Strategic groups consist of a group of...
A. executives drawn from different companies within an industry that
make decisions on industry standards
B. firms within an industry that follows similar strategies
C. top executives that makes strategies for a company
D. firms within an industry that decides to collude rather than compete
with each other so that they can increase their profits
Answer: B. firms within an industry that follows similar strategies
●● Human capital and social capital are vital for superior firm
performance. If a firm has strong human capital, the firm may exploit
this by building social capital. This can be accomplished by...
A. decreasing the interaction of departments within the firm
B. structuring the firm with rigid departmental and employee divisions
C. encouraging the sharing of ideas between employees in the firm
D. requiring workers to work independently of each other
Answer: C. encouraging the sharing of ideas between employees in the
firm
●● According to the text, the triple bottom line approach to corporate
accounting includes which three components?
A. financial, organizational, customer
FULL QUESTIONS AND VERIFIED ANSWERS
LEARNING PACKAGE
●● According to the textbook, intellectual capital is the difference
between market value and the book value of a firm. Intellectual capital
can be increased by...
A. attracting and retaining knowledgeable workers
B. decreasing labor costs
C. increasing retention of below average workers
D. increasing the turnover of employees
Answer: A. attracting and retaining knowledgable workers
●● Medical monitoring through wearable devices has been approved by
the U.S. Food and Drug Administration for offers from Apple. This is an
important development of which factor of the general environment?
A. technological
B. demographic
C. sociocultural
D. economic
Answer: A. technological
●● Scanning the general environment would identify information on...
,A. customer and firm bargaining power
B. competitive rivalry
C. the aging population and ethnic shifts
D. substitute goods
Answer: C. the aging population and ethnic shifts
●● Two of the key inputs to developing forecasts discussed in the text
are...
A. environmental scanning and competitive intelligence
B. environmental scanning and stakeholder identification
C. assessing internal strengths and environmental scanning
D. environmental scanning and SWOT analysis
Answer: A. environmental scanning and competitive intelligence
●● Airbnb, a room-sharing site, offers more rooms than Marriott.
Goldman Sachs suggests that the supply of new rooms over the next two
years will outpace the previous five even though the growth of American
occupancy rates has begun to slow. Which competitive force is involved
in this situation?
A. threat of proprietary products
B. threat of new buyers
C. threat of new entrants
D. threat of favorable government policies
, Answer: C. threat of new entrants
●● Strategic groups consist of a group of...
A. executives drawn from different companies within an industry that
make decisions on industry standards
B. firms within an industry that follows similar strategies
C. top executives that makes strategies for a company
D. firms within an industry that decides to collude rather than compete
with each other so that they can increase their profits
Answer: B. firms within an industry that follows similar strategies
●● Human capital and social capital are vital for superior firm
performance. If a firm has strong human capital, the firm may exploit
this by building social capital. This can be accomplished by...
A. decreasing the interaction of departments within the firm
B. structuring the firm with rigid departmental and employee divisions
C. encouraging the sharing of ideas between employees in the firm
D. requiring workers to work independently of each other
Answer: C. encouraging the sharing of ideas between employees in the
firm
●● According to the text, the triple bottom line approach to corporate
accounting includes which three components?
A. financial, organizational, customer
