WPC 470 FINAL EXAM NEWEST 2024 EXAM ACTUAL EXAM COMPLET
490 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AN-
SWERS) |ALREADY GRADED A+
Study online at https://quizlet.com/_fu001i
1. Wallingford Company is trying to determine optimal Management In-
ways to collect and distribute knowledge throughout formation Sys-
the firm. This is an activity for which support function tems
in the value chain?
a.Human resources
b.Finance
c.Management information systems
d.Distribution
2. Vendors across the country offer sunglasses that counterfeiting
look virtually identical to those made by Chanel, Pra-
da, Gucci, and other luxury brands—including the
trademark logos—but cost far less. These products
are the result of:
a.competition.
b.imitation.
c.counterfeiting.
d.evolving consumer preferences.
3. JoAnn Tucker recently took over as Chief Executive conduct training
Officer (CEO) of Burger-Rama, Inc. Burger-Rama has programs and hire
seen declining profits over the past five years and has educated and ex-
struggled to remain competitive in the fast-food in- perienced employ-
dustry. In order to achieve strategic competitiveness, ees
JoAnn must:
a..conduct training programs and hire educated and
experienced employees.
b.invest in sophisticated technology in relevant
knowledge areas.
c.fire the current board of directors and start afresh.
d.shift the company's focus to marketing and develop
an extensive advertising campaign.
4. Firms failing to perform the value-chain activities and integrated cost
support functions in an optimum manner when im- leadership/differ-
plementing the _____ strategy become "stuck in the entiation
middle."
a.cost leadership
, WPC 470 FINAL EXAM NEWEST 2024 EXAM ACTUAL EXAM COMPLET
490 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AN-
SWERS) |ALREADY GRADED A+
Study online at https://quizlet.com/_fu001i
b.focus
c.differentiation
d.integrated cost leadership/differentiation
5. The chief executive officer (CEO) and other top-level The mission deals
managers often involve other people to develop the more directly with
mission statement because: product markets
a.the mission deals more directly with product mar- and customers
kets and customers.
b.it is viewed as a task that can easily be delegated.
c.the mission deals more directly with capital mar-
kets and shareholders.
d.forming the mission is typically not the final respon-
sibility of the CEO or other top-level managers.
6. A firm should outsource only activities where it: cannot create val-
a.has the probability of developing core competen- ue or where it
cies. is at a substan-
b.has developed the ability to innovate. tial disadvantage
c.cannot match up a value chain activity with a sup- compared to com-
port function. petitiors
d.cannot create value or where it is at a substantial
disadvantage compared to competitors.
7. Which of the following strategies helps a firm concen- Digital strategy
trate on understanding its customers and their needs
with greater clarity as a foundation for innovation?
a.Market segmentation strategy
b.Business model strategy
c.Digital strategy
d.Cost leadership strategy
8. When a firm earns below-average returns, it: should minimize
a.is able to maximize the interests of all stakeholders. the amount of
b.should reward those stakeholders who have the support lost from
least power. stakeholders
c.should try to minimize the amount of support lost
, WPC 470 FINAL EXAM NEWEST 2024 EXAM ACTUAL EXAM COMPLET
490 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AN-
SWERS) |ALREADY GRADED A+
Study online at https://quizlet.com/_fu001i
from stakeholders.
d.should treat all stakeholders the same.
9. Which of the following statements about a flexible An FMS allows
manufacturing system (FMS) is NOT true? a manufacturer to
a..Used properly, an FMS allows the firm to increase connect with its
its effectiveness in responding to changes in its cus- suppliers, distrib-
tomers' needs, while retaining low-cost advantages utors, and cus-
and consistent product quality. tomers, which en-
b.An FMS is a computer-controlled process that al- ables it to satisfy
lows firms to produce a variety of products in mod- customer expec-
erate, flexible quantities with a minimum of manual tations in terms
intervention. of product qual-
c.The goal of an FMS is to eliminate the "low cost ity and delivery
versus product variety" trade-off that is inherent in speed.
traditional manufacturing technologies.
d.An FMS allows a manufacturer to connect with
its suppliers, distributors, and customers, which en-
ables it to satisfy customer expectations in terms of
product quality and delivery speed.
10. Which of the following statements about a firm's re- It is difficult to
sources and capabilities is true? achieve and sus-
a.All of a firm's resources and capabilities have the tain a compet-
potential to be the foundation for a competitive ad- itive advantage
vantage. based on re-
b.It is difficult to achieve and sustain a competitive sources alone
advantage based on resources alone.
c.As a source of competitive advantage, a capabili-
ty must be exceedingly complex to understand and
manage.
d.When a resource is rare and valuable, it becomes a
core competency.
11. When examining the component of Future Objectives What is our future
for a competitor analysis, which of the following is break-even point?
NOT a question that is addressed?
a.How do our goals compare with our competitors'
, WPC 470 FINAL EXAM NEWEST 2024 EXAM ACTUAL EXAM COMPLET
490 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AN-
SWERS) |ALREADY GRADED A+
Study online at https://quizlet.com/_fu001i
goals?
b.Where will emphasis be placed in the future?
c.What is the attitude toward risk?
d.What is our future break-even point?
12. A _____ competitive advantage exists only when sustainable
competitors are unable to duplicate the benefits of
a firm's strategy or when they lack the resources to
attempt imitation.
a.profitable
b.temporary
c.rare
d.sustainable
13. Powerful customers can force a cost leader to reduce next-most-effi-
its prices, but not below the level at which the cost cient industry
leader's: competitor can
a.next-most-efficient industry competitor can earn earn average
average returns. returns.
b.least efficient industry competitor can earn average
returns.
c.next-most-efficient industry competitor can earn
above-average returns.
d.next-most-efficient industry competitor can earn
below-average returns.
14. A firm combines individual tangible and intangible capabilities
resources to create:
a.assets.
b.capabilities.
c.competencies.
d.advantages.
15. The main competitive advantage of a particular major Supply chain man-
U.S. technology firm is sourcing and procurement agement
of raw materials. This company is facing increasing
competition on price and is strongly considering out-
sourcing as a means of reducing costs. The LAST
490 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AN-
SWERS) |ALREADY GRADED A+
Study online at https://quizlet.com/_fu001i
1. Wallingford Company is trying to determine optimal Management In-
ways to collect and distribute knowledge throughout formation Sys-
the firm. This is an activity for which support function tems
in the value chain?
a.Human resources
b.Finance
c.Management information systems
d.Distribution
2. Vendors across the country offer sunglasses that counterfeiting
look virtually identical to those made by Chanel, Pra-
da, Gucci, and other luxury brands—including the
trademark logos—but cost far less. These products
are the result of:
a.competition.
b.imitation.
c.counterfeiting.
d.evolving consumer preferences.
3. JoAnn Tucker recently took over as Chief Executive conduct training
Officer (CEO) of Burger-Rama, Inc. Burger-Rama has programs and hire
seen declining profits over the past five years and has educated and ex-
struggled to remain competitive in the fast-food in- perienced employ-
dustry. In order to achieve strategic competitiveness, ees
JoAnn must:
a..conduct training programs and hire educated and
experienced employees.
b.invest in sophisticated technology in relevant
knowledge areas.
c.fire the current board of directors and start afresh.
d.shift the company's focus to marketing and develop
an extensive advertising campaign.
4. Firms failing to perform the value-chain activities and integrated cost
support functions in an optimum manner when im- leadership/differ-
plementing the _____ strategy become "stuck in the entiation
middle."
a.cost leadership
, WPC 470 FINAL EXAM NEWEST 2024 EXAM ACTUAL EXAM COMPLET
490 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AN-
SWERS) |ALREADY GRADED A+
Study online at https://quizlet.com/_fu001i
b.focus
c.differentiation
d.integrated cost leadership/differentiation
5. The chief executive officer (CEO) and other top-level The mission deals
managers often involve other people to develop the more directly with
mission statement because: product markets
a.the mission deals more directly with product mar- and customers
kets and customers.
b.it is viewed as a task that can easily be delegated.
c.the mission deals more directly with capital mar-
kets and shareholders.
d.forming the mission is typically not the final respon-
sibility of the CEO or other top-level managers.
6. A firm should outsource only activities where it: cannot create val-
a.has the probability of developing core competen- ue or where it
cies. is at a substan-
b.has developed the ability to innovate. tial disadvantage
c.cannot match up a value chain activity with a sup- compared to com-
port function. petitiors
d.cannot create value or where it is at a substantial
disadvantage compared to competitors.
7. Which of the following strategies helps a firm concen- Digital strategy
trate on understanding its customers and their needs
with greater clarity as a foundation for innovation?
a.Market segmentation strategy
b.Business model strategy
c.Digital strategy
d.Cost leadership strategy
8. When a firm earns below-average returns, it: should minimize
a.is able to maximize the interests of all stakeholders. the amount of
b.should reward those stakeholders who have the support lost from
least power. stakeholders
c.should try to minimize the amount of support lost
, WPC 470 FINAL EXAM NEWEST 2024 EXAM ACTUAL EXAM COMPLET
490 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AN-
SWERS) |ALREADY GRADED A+
Study online at https://quizlet.com/_fu001i
from stakeholders.
d.should treat all stakeholders the same.
9. Which of the following statements about a flexible An FMS allows
manufacturing system (FMS) is NOT true? a manufacturer to
a..Used properly, an FMS allows the firm to increase connect with its
its effectiveness in responding to changes in its cus- suppliers, distrib-
tomers' needs, while retaining low-cost advantages utors, and cus-
and consistent product quality. tomers, which en-
b.An FMS is a computer-controlled process that al- ables it to satisfy
lows firms to produce a variety of products in mod- customer expec-
erate, flexible quantities with a minimum of manual tations in terms
intervention. of product qual-
c.The goal of an FMS is to eliminate the "low cost ity and delivery
versus product variety" trade-off that is inherent in speed.
traditional manufacturing technologies.
d.An FMS allows a manufacturer to connect with
its suppliers, distributors, and customers, which en-
ables it to satisfy customer expectations in terms of
product quality and delivery speed.
10. Which of the following statements about a firm's re- It is difficult to
sources and capabilities is true? achieve and sus-
a.All of a firm's resources and capabilities have the tain a compet-
potential to be the foundation for a competitive ad- itive advantage
vantage. based on re-
b.It is difficult to achieve and sustain a competitive sources alone
advantage based on resources alone.
c.As a source of competitive advantage, a capabili-
ty must be exceedingly complex to understand and
manage.
d.When a resource is rare and valuable, it becomes a
core competency.
11. When examining the component of Future Objectives What is our future
for a competitor analysis, which of the following is break-even point?
NOT a question that is addressed?
a.How do our goals compare with our competitors'
, WPC 470 FINAL EXAM NEWEST 2024 EXAM ACTUAL EXAM COMPLET
490 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AN-
SWERS) |ALREADY GRADED A+
Study online at https://quizlet.com/_fu001i
goals?
b.Where will emphasis be placed in the future?
c.What is the attitude toward risk?
d.What is our future break-even point?
12. A _____ competitive advantage exists only when sustainable
competitors are unable to duplicate the benefits of
a firm's strategy or when they lack the resources to
attempt imitation.
a.profitable
b.temporary
c.rare
d.sustainable
13. Powerful customers can force a cost leader to reduce next-most-effi-
its prices, but not below the level at which the cost cient industry
leader's: competitor can
a.next-most-efficient industry competitor can earn earn average
average returns. returns.
b.least efficient industry competitor can earn average
returns.
c.next-most-efficient industry competitor can earn
above-average returns.
d.next-most-efficient industry competitor can earn
below-average returns.
14. A firm combines individual tangible and intangible capabilities
resources to create:
a.assets.
b.capabilities.
c.competencies.
d.advantages.
15. The main competitive advantage of a particular major Supply chain man-
U.S. technology firm is sourcing and procurement agement
of raw materials. This company is facing increasing
competition on price and is strongly considering out-
sourcing as a means of reducing costs. The LAST
