Strategic Management 14e Hitt Test Bank A+ Grade

Test Bank for Strategic Management Concepts and Cases Competitiveness and Globalization 14e Michael H
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itt, Duane Ireland, Robert Hoskisson, Jeffrey Harrison (All Chapters 100% Original Verified, A+ Grade)
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Chapter 01 - Strategic Management and Strategic Competitiveness
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Truen/nFalse

1. nThendifferencenbetweennaveragenandnabove-
averagenreturnsnisnthatnaveragenreturnsnarenreturnsnthatnanninvestornexpectsntonearnnfromnanninvestmentnasncomparedntonothern
investmentsnwithnsimilarnstocknprices,nwhilenabove-
averagenreturnsnareninnexcessnofnexpectationsnfornsimilarlynpricednstocks.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1nAnnOverviewnofnStrategynandnStrategicnCompetitiveness
QUESTIONnTYPE: Truen/nFalse
HASnVARIABLES: False
LEARNINGnOBJECTIVES:n SM.HITT.24.01.01n-
nDefinenstrategicncompetitiveness,nstrategy,ncompetitivenadvantage,nabove-

averagenreturns,nandnthenstrategicnmanagementnprocess.
NATIONALnSTANDARDS:n UnitednStatesn-nBUSPROG:nAnalyticn|nTechnologyn-nBUSPROG:nAnalytic
KEYWORDS: Bloom's:nAnalyze
DATEnCREATED: 4/19/2023n5:02nPM
DATEnMODIFIED: 4/19/2023n5:02nPM

2. Particularlynwhennassessingninvestmentsninnnewnventurenfirms,nthenmostneffective,nandnoftennthenonly,nwayntonmeasurenth
enperformancenofnthenfirmsnandndeterminentheirnviabilitynasnanninvestmentnoptionnisntonexaminenfinancialnmetricsnsuchnasnret
urnsnonnassets,nandnsales.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1nAnnOverviewnofnStrategynandnStrategicnCompetitiveness
QUESTIONnTYPE: Truen/nFalse
HASnVARIABLES: False
LEARNINGnOBJECTIVES:n SM.HITT.24.01.01n-
nDefinenstrategicncompetitiveness,nstrategy,ncompetitivenadvantage,nabove-

averagenreturns,nandnthenstrategicnmanagementnprocess.
NATIONALnSTANDARDS:n UnitednStatesn-nBUSPROG:nAnalyticn|nTechnologyn-nBUSPROG:nAnalytic
KEYWORDS: Bloom's:nAnalyze
DATEnCREATED: 4/19/2023n5:02nPM
DATEnMODIFIED: 4/19/2023n5:02nPM

3. ExamplesnofnincrementalninnovationsnincludeniPads,nWi-Fi,nandnthenwebnbrowser.
a. True
b. False
ANSWER: False
POINTS: 1
Pagen1

,DIFFICULTY: Moderate
REFERENCES: 1-2nThenCompetitivenLandscape




Pagen2

,QUESTIONnTYPE: Truen/nFalse
HASnVARIABLES: False
LEARNINGnOBJECTIVES:n SM.HITT.24.01.02n-
nDescribenthencompetitivenlandscape,nandnexplainnhownglobalization,ntechnologicalnchanges,na

ndnexpectationsnofnsociallynresponsiblenbehaviornshapenit.
NATIONALnSTANDARDS:n UnitednStatesn-nBUSPROG:nAnalyticn|nTechnologyn-nBUSPROG:nAnalytic
KEYWORDS: Bloom's:nApply
DATEnCREATED: 4/19/2023n5:02nPM
DATEnMODIFIED: 4/19/2023n5:02nPM

4. ThenI/Onandnresource-
basednmodelsncontainnmanynofnthensamensteps.nOnenclearndifferencenbetweennthentwonmodelsnisnthenresource-
basednmodelnstartsnbynlookingnatntheninternalnstrengthsnandnweaknessesnofnanfirm,nwhilenthenI/Onmodelnbeginsnwithnannexamin
ationnofnthenexternalnenvironment.nAnothernkeyndifferencenisnthenresource-
basednmodelnidentifiesnannattractivenindustrynmuchnearlierninnthenprocessnthanndoesnthenI/Onmodel.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-4nThenResource-BasednModelnofnAbove-AveragenReturns
QUESTIONnTYPE: Truen/nFalse
HASnVARIABLES: False
LEARNINGnOBJECTIVES:n SM.HITT.24.01.04n-nUsenthenresource-basednmodelntonexplainnhownfirmsncannearnnabove-
averagenreturns.
NATIONALnSTANDARDS:n UnitednStatesn-nBUSPROG:nAnalyticn|nTechnologyn-nBUSPROG:nAnalytic
KEYWORDS: Bloom's:nAnalyze
DATEnCREATED: 4/19/2023n5:02nPM
DATEnMODIFIED: 4/19/2023n5:02nPM

MultiplenChoice

5. Whatnhasnanfirmnachievednwhennitnsuccessfullynformulatesnandnimplementsnanvalue-creatingnstrategy?
a. Strategicncompetitiveness
b. Anpermanentlynsustainablencompetitivenadvantage
c. Substantialnreturns
d. Legalnandnethicalncorenvalues
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-1nAnnOverviewnofnStrategynandnStrategicnCompetitiveness
QUESTIONnTYPE: MultiplenChoice
HASnVARIABLES: False
LEARNINGnOBJECTIVES:n SM.HITT.24.01.01n-
nDefinenstrategicncompetitiveness,nstrategy,ncompetitivenadvantage,nabove-

averagenreturns,nandnthenstrategicnmanagementnprocess.
NATIONALnSTANDARDS:n UnitednStatesn-nBUSPROG:nAnalyticn|nTechnologyn-nBUSPROG:nAnalytic
Pagen3

, KEYWORDS: Bloom's:nUnderstand
DATEnCREATED: 4/19/2023n5:02nPM
DATEnMODIFIED: 5/17/2023n4:21nPM




Pagen4