GB 370 CORE EXAM SET 2025/2026 QUESTIONS AND
ANSWERS GRADED A+
✔✔Frederick Taylor is most famous for:
a. standardization of work
b. TPS reports
c. time studies
d. productivity reports
e. motion studies - ✔✔c. time studies
✔✔people in positions of authority in high power distance societies expect obedience:
true or false - ✔✔true
✔✔countries with low gender egalitarianism are male dominated:
true or false - ✔✔true
✔✔a firms performance relative to industry peers is likely to vary according to the level
to which resources, capabilities and ultimately core competences satisfy VRIO criteria:
true or false - ✔✔true
✔✔customers, employees and investors are the stakeholders most often emphasized in
the mission statements:
true or false - ✔✔true
✔✔straddling as an approach to strategic management is not recommended for which
reason:
a. research shows that straddling strategies leads to confusion among managers about
the direction of the company
b. it is an indication that the firms managers have not made necessary choices about
the business and its strategy
c. it is an attempt to gain a competitive advantage based on the product or services over
all low cost.
d. according to porter, straddling strategies is recommended for narrow scope firms that
have been successful in the past - ✔✔b. it is an indication that the firms managers have
not made necessary choices about the business and its strategy
✔✔consciously creating an environment where passion is both encouraged and
developed starts at the top through the communication of mission and vision:
true or false - ✔✔true
✔✔one key stakeholder group is comprised of the CEO and members of the top
management team:
true or false - ✔✔true
, ✔✔using porters analysis, firms are likely to generate higher profits if the industry
includes which of the following:
a. there are many substitutes
b. difficulty to enter
c. unlimited rivalry
d. buyers are strong - ✔✔b. difficult to enter
✔✔industries with many companies that have successfully differentiated their product
have more rivalry:
true or false - ✔✔false
✔✔strategic imitation of a competitors distinctive competence is difficult when al of the
following occur except:
a. it is difficult for employees to understand the strategy
b. it is based on unique historical circumstances
c. it is based on a complex phenomenon
d. it is difficult for competitors to understand its nature or character - ✔✔a. it is difficult
for employees to understand the strategy
✔✔home replication means utilizing a core competency or a firm-specific advantage
developed at home as a main competitive weapon in foreign markets:
true or false - ✔✔true
✔✔which of the following is not an advantage of related diversification?
a. increase overall economic value through complementary strengths and capabilities
b. reduce economic risk by avoiding dependance on a specific business of activity
c. reduces overhead costs through economies of scale
d. increases overhead costs through economies of scope - ✔✔d. increases overhead
costs through economies of scope
✔✔the related diversification corporate level strategy is where an organization
manufacturers one product or service and sells it in a single geographic market:
true or false - ✔✔true
✔✔the more difficult it is for other firms to enter a market the more likely it is that
existing firms can make relatively high profit:
true or false - ✔✔true
✔✔the degree to which a stakeholder is affected by a firms decision is sometimes
correlated with their power and influence over the decision:
true or false - ✔✔true
✔✔within the strategic plans that are decided, divisional and business unit managers do
not have considerable freedom to adjust, adapt and experiment:
ANSWERS GRADED A+
✔✔Frederick Taylor is most famous for:
a. standardization of work
b. TPS reports
c. time studies
d. productivity reports
e. motion studies - ✔✔c. time studies
✔✔people in positions of authority in high power distance societies expect obedience:
true or false - ✔✔true
✔✔countries with low gender egalitarianism are male dominated:
true or false - ✔✔true
✔✔a firms performance relative to industry peers is likely to vary according to the level
to which resources, capabilities and ultimately core competences satisfy VRIO criteria:
true or false - ✔✔true
✔✔customers, employees and investors are the stakeholders most often emphasized in
the mission statements:
true or false - ✔✔true
✔✔straddling as an approach to strategic management is not recommended for which
reason:
a. research shows that straddling strategies leads to confusion among managers about
the direction of the company
b. it is an indication that the firms managers have not made necessary choices about
the business and its strategy
c. it is an attempt to gain a competitive advantage based on the product or services over
all low cost.
d. according to porter, straddling strategies is recommended for narrow scope firms that
have been successful in the past - ✔✔b. it is an indication that the firms managers have
not made necessary choices about the business and its strategy
✔✔consciously creating an environment where passion is both encouraged and
developed starts at the top through the communication of mission and vision:
true or false - ✔✔true
✔✔one key stakeholder group is comprised of the CEO and members of the top
management team:
true or false - ✔✔true
, ✔✔using porters analysis, firms are likely to generate higher profits if the industry
includes which of the following:
a. there are many substitutes
b. difficulty to enter
c. unlimited rivalry
d. buyers are strong - ✔✔b. difficult to enter
✔✔industries with many companies that have successfully differentiated their product
have more rivalry:
true or false - ✔✔false
✔✔strategic imitation of a competitors distinctive competence is difficult when al of the
following occur except:
a. it is difficult for employees to understand the strategy
b. it is based on unique historical circumstances
c. it is based on a complex phenomenon
d. it is difficult for competitors to understand its nature or character - ✔✔a. it is difficult
for employees to understand the strategy
✔✔home replication means utilizing a core competency or a firm-specific advantage
developed at home as a main competitive weapon in foreign markets:
true or false - ✔✔true
✔✔which of the following is not an advantage of related diversification?
a. increase overall economic value through complementary strengths and capabilities
b. reduce economic risk by avoiding dependance on a specific business of activity
c. reduces overhead costs through economies of scale
d. increases overhead costs through economies of scope - ✔✔d. increases overhead
costs through economies of scope
✔✔the related diversification corporate level strategy is where an organization
manufacturers one product or service and sells it in a single geographic market:
true or false - ✔✔true
✔✔the more difficult it is for other firms to enter a market the more likely it is that
existing firms can make relatively high profit:
true or false - ✔✔true
✔✔the degree to which a stakeholder is affected by a firms decision is sometimes
correlated with their power and influence over the decision:
true or false - ✔✔true
✔✔within the strategic plans that are decided, divisional and business unit managers do
not have considerable freedom to adjust, adapt and experiment:
