Test Bank –
Strategic Management Concepts And
Cases Competitiveness And Globalization,
By Hitt, Ireland, & Hoskisson
14th Edition
,Table Of Content
Part 1: Strategic Management Inputs
Ch 1: Strategic Management And Strategic Competitiveness
Ch 2: The External Environment: Opportunities, Threats, Industry Competition, And Competitor Analysis
Ch 3: The Internal Organization: Resources, Capabilities, Core Competencies, And Competitive Advantages
Part 2: Strategic Actions: Strategy Formulation
Ch 4: Business-Level Strategy
Ch 5: Competitive Rivalry And Competitive Dynamics
Ch 6: Corporate-Level Strategy
Ch 7: Merger And Acquisition Strategies
Ch 8: International Strategy
Ch 9: Cooperative Strategy
Part 3: Strategic Actions: Strategy Implementation
Ch 10: Corporate Governance
Ch 11: Organizational Structure And Controls
Ch 12: Strategic Leadership
Ch 13: Strategic Entrepreneurship
Part 4: Cases
Ch 14: Case Studies
,Chapter 01 - Strategic Management And Strategic Competitiveness
True / False
1. The Difference Between Average And Above-Average Returns Is That Average Returns Are Returns
That An Investor Expects To Earn From An Investment As Compared To Other Investments With Similar
Stock Prices, While Above-Average Returns Are In Excess Of Expectations For Similarly Priced Stocks.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview Of Strategy And Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define Strategic Competitiveness, Strategy,
Competitive Advantage, Above-Average Returns, And The Strategic
Management Process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
2. Particularly When Assessing Investments In New Venture Firms, The Most Effective, And Often The
Only, Way To Measure The Performance Of The Firms And Determine Their Viability As An
Investment Option Is To Examine Financial Metrics Such As Returns On Assets, And Sales.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview Of Strategy And Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define Strategic Competitiveness, Strategy,
Competitive Advantage, Above-Average Returns, And The Strategic
Management Process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
, DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
3. Examples Of Incremental Innovations Include Ipads, Wi-Fi, And The Web Browser.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2 The Competitive Landscape
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.02 - Describe The Competitive Landscape, And Explain How
Globalization, Technological Changes, And Expectations Of Socially Responsible
Behavior Shape It.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Apply
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
4. The I/O And Resource-Based Models Contain Many Of The Same Steps. One Clear Difference Between
The Two Models Is The Resource-Based Model Starts By Looking At The Internal Strengths And
Weaknesses Of A Firm, While The I/O Model Begins With An Examination Of The External
Environment. Another Key Difference Is The Resource-Based Model Identifies An Attractive Industry
Much Earlier In The Process Than Does The I/O Model.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-4 The Resource-Based Model Of Above-Average Returns
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.04 - Use The Resource-Based Model To Explain How Firms
Can Earn Above- Average Returns.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
Strategic Management Concepts And
Cases Competitiveness And Globalization,
By Hitt, Ireland, & Hoskisson
14th Edition
,Table Of Content
Part 1: Strategic Management Inputs
Ch 1: Strategic Management And Strategic Competitiveness
Ch 2: The External Environment: Opportunities, Threats, Industry Competition, And Competitor Analysis
Ch 3: The Internal Organization: Resources, Capabilities, Core Competencies, And Competitive Advantages
Part 2: Strategic Actions: Strategy Formulation
Ch 4: Business-Level Strategy
Ch 5: Competitive Rivalry And Competitive Dynamics
Ch 6: Corporate-Level Strategy
Ch 7: Merger And Acquisition Strategies
Ch 8: International Strategy
Ch 9: Cooperative Strategy
Part 3: Strategic Actions: Strategy Implementation
Ch 10: Corporate Governance
Ch 11: Organizational Structure And Controls
Ch 12: Strategic Leadership
Ch 13: Strategic Entrepreneurship
Part 4: Cases
Ch 14: Case Studies
,Chapter 01 - Strategic Management And Strategic Competitiveness
True / False
1. The Difference Between Average And Above-Average Returns Is That Average Returns Are Returns
That An Investor Expects To Earn From An Investment As Compared To Other Investments With Similar
Stock Prices, While Above-Average Returns Are In Excess Of Expectations For Similarly Priced Stocks.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview Of Strategy And Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define Strategic Competitiveness, Strategy,
Competitive Advantage, Above-Average Returns, And The Strategic
Management Process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
2. Particularly When Assessing Investments In New Venture Firms, The Most Effective, And Often The
Only, Way To Measure The Performance Of The Firms And Determine Their Viability As An
Investment Option Is To Examine Financial Metrics Such As Returns On Assets, And Sales.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview Of Strategy And Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define Strategic Competitiveness, Strategy,
Competitive Advantage, Above-Average Returns, And The Strategic
Management Process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
, DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
3. Examples Of Incremental Innovations Include Ipads, Wi-Fi, And The Web Browser.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2 The Competitive Landscape
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.02 - Describe The Competitive Landscape, And Explain How
Globalization, Technological Changes, And Expectations Of Socially Responsible
Behavior Shape It.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Apply
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
4. The I/O And Resource-Based Models Contain Many Of The Same Steps. One Clear Difference Between
The Two Models Is The Resource-Based Model Starts By Looking At The Internal Strengths And
Weaknesses Of A Firm, While The I/O Model Begins With An Examination Of The External
Environment. Another Key Difference Is The Resource-Based Model Identifies An Attractive Industry
Much Earlier In The Process Than Does The I/O Model.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-4 The Resource-Based Model Of Above-Average Returns
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.04 - Use The Resource-Based Model To Explain How Firms
Can Earn Above- Average Returns.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
