MANA 4322 Actual Exam Questions With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
1. The four key attributes of strategic Strategy must be directed toward overall
man- agement include the idea that: organizational goals and objectives.
Strategy formulation and implementation The CEO and the Board of Directors
is a challenging on-going process. To be The Board of Directors, CEO and CFO
effective it should involve: Line and Staff Managers
Product differentiation by incumbents New entrants will have to spend heavily
acts as an entry barrier because: to overcome existing customer loyalties.
In value chain analysis, the activities of
an organization are divided into two ma-
jor categories of value activities: primary Repairing the product for the customer.
and support. Which of the following is a
primary activity?
The internal analysis of the firm as well
The resource based view (RBV) of the
as the external analysis of the industry
firm combines which two perspectives:
and competitive environmenment
An organization is responsible to many
different entities. In order to meet the
demands of these groups, organizations The interests of stockholders are not the
must participate in stakeholder manage- only interests that matter.
ment. Stakeholder management means
that:
According to Michael Porter, manage-
ment innovations such as total quali- Every company is trying to implement
ty, benchmarking, and business process them and hence it does not make a com-
re-engineering cannot lead to sustain- pany different from others.
able competitive advantages because:
Research has consistently shown that
firms that achieve both cost leadership Higher than firms that achieve either a
and differentiation advantages tend to cost or a differentiation advantage.
perform:
Which is the least accurate answer be-
Implementation of the strategy.
low? Strategic management involves:
The need for managers to be focused
on both effective long-term goal achieve- Ambidexterity
ment as well as short term operational
1/5
, MANA 4322 Actual Exam Questions With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
efficiency is a definition of which of the
following?
What is this statement the definition
of?... "Decisions are determined by both
analysis (deliberate) and unforeseen en-
Realized Strategy
vironmental developments, unanticipat-
ed resource constraints, and/or changes
in managerial preferences (emergent)."
Stakeholders include all of the following:
employees, suppliers, creditors, com-
False
petitors, customers, government, and
the local community.
"Ongoing surveillance of a firm's exter-
nal environment that helps to predict
coming environmental changes, detects
Environmental Scanning
changes already underway, and allows a
firm to be proactive"... is a definition of
which of the following?
Using Michael Porter's Five Forces Mod-
el which of the following would not be Backward Integration
considered a barrier to entry?
Using Michael Porter's Five Forces Mod-
Buyers in an industry where profits are
el which of the following would not con-
high and switching costs are significant.
tribute to a powerful Buyer group?
Using Michael Porter's Five Forces Mod-
Buyer quality is not significantly affected
el which of the following would not con-
by industry products
tribute to a powerful Supplier group?
Using Michael Porter's Five Forces Mod-
el which of the following would not be
Rapid industry growth
considered a factor in causing significant
intensity of Rivalry within an industry?
In assessing its primary value chain ac-
tivities, a clothing retailer would examine: store layout in relation to sales.
Which of the following is NOT considered
a Tangible Firm Resource? Human Resources
2/5
Guaranteed Pass!!Current Update
1. The four key attributes of strategic Strategy must be directed toward overall
man- agement include the idea that: organizational goals and objectives.
Strategy formulation and implementation The CEO and the Board of Directors
is a challenging on-going process. To be The Board of Directors, CEO and CFO
effective it should involve: Line and Staff Managers
Product differentiation by incumbents New entrants will have to spend heavily
acts as an entry barrier because: to overcome existing customer loyalties.
In value chain analysis, the activities of
an organization are divided into two ma-
jor categories of value activities: primary Repairing the product for the customer.
and support. Which of the following is a
primary activity?
The internal analysis of the firm as well
The resource based view (RBV) of the
as the external analysis of the industry
firm combines which two perspectives:
and competitive environmenment
An organization is responsible to many
different entities. In order to meet the
demands of these groups, organizations The interests of stockholders are not the
must participate in stakeholder manage- only interests that matter.
ment. Stakeholder management means
that:
According to Michael Porter, manage-
ment innovations such as total quali- Every company is trying to implement
ty, benchmarking, and business process them and hence it does not make a com-
re-engineering cannot lead to sustain- pany different from others.
able competitive advantages because:
Research has consistently shown that
firms that achieve both cost leadership Higher than firms that achieve either a
and differentiation advantages tend to cost or a differentiation advantage.
perform:
Which is the least accurate answer be-
Implementation of the strategy.
low? Strategic management involves:
The need for managers to be focused
on both effective long-term goal achieve- Ambidexterity
ment as well as short term operational
1/5
, MANA 4322 Actual Exam Questions With Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update
efficiency is a definition of which of the
following?
What is this statement the definition
of?... "Decisions are determined by both
analysis (deliberate) and unforeseen en-
Realized Strategy
vironmental developments, unanticipat-
ed resource constraints, and/or changes
in managerial preferences (emergent)."
Stakeholders include all of the following:
employees, suppliers, creditors, com-
False
petitors, customers, government, and
the local community.
"Ongoing surveillance of a firm's exter-
nal environment that helps to predict
coming environmental changes, detects
Environmental Scanning
changes already underway, and allows a
firm to be proactive"... is a definition of
which of the following?
Using Michael Porter's Five Forces Mod-
el which of the following would not be Backward Integration
considered a barrier to entry?
Using Michael Porter's Five Forces Mod-
Buyers in an industry where profits are
el which of the following would not con-
high and switching costs are significant.
tribute to a powerful Buyer group?
Using Michael Porter's Five Forces Mod-
Buyer quality is not significantly affected
el which of the following would not con-
by industry products
tribute to a powerful Supplier group?
Using Michael Porter's Five Forces Mod-
el which of the following would not be
Rapid industry growth
considered a factor in causing significant
intensity of Rivalry within an industry?
In assessing its primary value chain ac-
tivities, a clothing retailer would examine: store layout in relation to sales.
Which of the following is NOT considered
a Tangible Firm Resource? Human Resources
2/5
