BADM509 Exam Questions and Answers Grade A+
True or False: Leadership style is a type of external contingency in the process of
value creation. - Answer-False
True or False: Contingencies cannot be directly controlled or manipulated. -
Answer-True
New, game-changing business models rarely emerge from established businesses
because
A. Existing companies usually fail to reduce costs
B. Existing companies usually execute a well understood business model
C. Existing companies always focus on growth
D. Existing companies pay attention only to their existing customers - Answer-B.
Existing companies usually execute a well understood business model
In the initial phase of an industry life cycle, survival of the firms in the industry
depends on which of the following parameters?
A. Competition in the industry
B. Legitimacy of the industry
C. Technology of the industry
D. Carrying capacity of the industry - Answer-B. Legitimacy of the industry
When the firms are implementing incremental changes based on feedback from
customers, this type of industry change is called
A. Intermediating change
B. Creative change
,C. Radical change
D. Progressive change - Answer-D. Progressive change
In which of the following workflow interdependency, each department or unit
contributes separately to the performance of the whole organization?
A. Pooled workflow interdependency
B. Sequential workflow interdependency
C. Reciprocal workflow interdependency
D. None of the above - Answer-A. Pooled workflow interdependency
True or False: When the industry is constantly redeveloping assets and resources,
it is known as radical change. - Answer-False
When radical change occurs in an industry, what aspect(s) of its business is/are
being threatened?
A. The industry's core activities
B. The industry's core assets
C. Both the core activities and the core assets
D. The industry's core capital - Answer-C. Both the core activities and the core
assets
Which types of workflow interdependency necessitates the development of cross-
functional teams?
A. Reciprocal
B. Sequential
C. Pooled
, D. None of the above - Answer-A. Reciprocal
Which models of competitive strategy argues that success of the firms should be
measured through continual reinvention?
A. Core competence
B. Game theory
C. Competing on the edge
D. Blue ocean - Answer-C. Competing on the edge
Which was the first credit card introduced in the US?
A. American Express
B. MasterCard
C. Diners Club
D. None of the above - Answer-C. Diners Club
True or False: In a given market, there will always be more than one business
model operating simultaneously. - Answer-True
What critical tests must business models pass to be successful?
A. Financial analysis and organizational assessment
B. Leadership overview and financial analysis
C. Narrative test and numbers tests
D. Numbers tests and organizational assessment - Answer-D. Numbers tests and
organizational assessment
True or False: Leadership style is a type of external contingency in the process of
value creation. - Answer-False
True or False: Contingencies cannot be directly controlled or manipulated. -
Answer-True
New, game-changing business models rarely emerge from established businesses
because
A. Existing companies usually fail to reduce costs
B. Existing companies usually execute a well understood business model
C. Existing companies always focus on growth
D. Existing companies pay attention only to their existing customers - Answer-B.
Existing companies usually execute a well understood business model
In the initial phase of an industry life cycle, survival of the firms in the industry
depends on which of the following parameters?
A. Competition in the industry
B. Legitimacy of the industry
C. Technology of the industry
D. Carrying capacity of the industry - Answer-B. Legitimacy of the industry
When the firms are implementing incremental changes based on feedback from
customers, this type of industry change is called
A. Intermediating change
B. Creative change
,C. Radical change
D. Progressive change - Answer-D. Progressive change
In which of the following workflow interdependency, each department or unit
contributes separately to the performance of the whole organization?
A. Pooled workflow interdependency
B. Sequential workflow interdependency
C. Reciprocal workflow interdependency
D. None of the above - Answer-A. Pooled workflow interdependency
True or False: When the industry is constantly redeveloping assets and resources,
it is known as radical change. - Answer-False
When radical change occurs in an industry, what aspect(s) of its business is/are
being threatened?
A. The industry's core activities
B. The industry's core assets
C. Both the core activities and the core assets
D. The industry's core capital - Answer-C. Both the core activities and the core
assets
Which types of workflow interdependency necessitates the development of cross-
functional teams?
A. Reciprocal
B. Sequential
C. Pooled
, D. None of the above - Answer-A. Reciprocal
Which models of competitive strategy argues that success of the firms should be
measured through continual reinvention?
A. Core competence
B. Game theory
C. Competing on the edge
D. Blue ocean - Answer-C. Competing on the edge
Which was the first credit card introduced in the US?
A. American Express
B. MasterCard
C. Diners Club
D. None of the above - Answer-C. Diners Club
True or False: In a given market, there will always be more than one business
model operating simultaneously. - Answer-True
What critical tests must business models pass to be successful?
A. Financial analysis and organizational assessment
B. Leadership overview and financial analysis
C. Narrative test and numbers tests
D. Numbers tests and organizational assessment - Answer-D. Numbers tests and
organizational assessment
