WPC 480 ASU EXAM SCRIPT 2026
QUESTIONS WITH ANSWERS GRADED A+
◉ Hewlett-Packard was not able to address the competitive challenges
of cloud and mobile computing. The company therefore destroyed
shareholder value by failing to create Answer: value for society.
◉ Which of the following is typically an economic responsibility of a
firm? Answer: paying adequate returns to the firm's stockholders on the
capital invested by them
◉ In the final step of the stakeholder impact analysis, a firm Answer:
decides a course of action to address the stakeholders' concerns.
◉ Which of following practices of a firm satisfies its ethical
responsibilities? Answer: selling vaccines at a subsidized price in a less
developed country even though this results in reduced shareholder
returns
◉ Corporate executives at OverFlight Inc. decide to compete in the
remote-control drone industry by equipping their drones with the best
video cameras available. By doing this, they completed part of
their________ strategy. Answer: business
, ◉ Which of the following summarizes the difference between a firm's
vision and mission? Answer: A vision states what a firm wants to
accomplish; a mission states how a firm plans to accomplish this vision.
◉ The management of Venture Manufacturing showed a commitment
to________ by increasing the salary of many female employees to meet
its goal of having equal pay for comparable work regardless of gender.
Answer: organizational core values
◉ To be effective, firms need to Answer: back up their visions with
strategic commitments that are costly and difficult to reverse.
◉ Marta and Qing both serve as SBU managers of their divisions. They
have both been asked by the CEO to generate two different courses of
action for a new product launch. This strategic decision-making
technique can be described as Answer: dialectic inquiry.
◉ Competitive rivalry based solely on________ is destructive to firms,
as it transfers most of the value created in the industry to the customers.
Answer: price cutting
◉ Keeping in mind the five forces in the airline industry, which of the
following best explains the difficulty airlines have in generating a profit?
Answer: Substitutes are readily available in the form of trains, buses,
and cars, thus reducing the profit potential in the industry.
QUESTIONS WITH ANSWERS GRADED A+
◉ Hewlett-Packard was not able to address the competitive challenges
of cloud and mobile computing. The company therefore destroyed
shareholder value by failing to create Answer: value for society.
◉ Which of the following is typically an economic responsibility of a
firm? Answer: paying adequate returns to the firm's stockholders on the
capital invested by them
◉ In the final step of the stakeholder impact analysis, a firm Answer:
decides a course of action to address the stakeholders' concerns.
◉ Which of following practices of a firm satisfies its ethical
responsibilities? Answer: selling vaccines at a subsidized price in a less
developed country even though this results in reduced shareholder
returns
◉ Corporate executives at OverFlight Inc. decide to compete in the
remote-control drone industry by equipping their drones with the best
video cameras available. By doing this, they completed part of
their________ strategy. Answer: business
, ◉ Which of the following summarizes the difference between a firm's
vision and mission? Answer: A vision states what a firm wants to
accomplish; a mission states how a firm plans to accomplish this vision.
◉ The management of Venture Manufacturing showed a commitment
to________ by increasing the salary of many female employees to meet
its goal of having equal pay for comparable work regardless of gender.
Answer: organizational core values
◉ To be effective, firms need to Answer: back up their visions with
strategic commitments that are costly and difficult to reverse.
◉ Marta and Qing both serve as SBU managers of their divisions. They
have both been asked by the CEO to generate two different courses of
action for a new product launch. This strategic decision-making
technique can be described as Answer: dialectic inquiry.
◉ Competitive rivalry based solely on________ is destructive to firms,
as it transfers most of the value created in the industry to the customers.
Answer: price cutting
◉ Keeping in mind the five forces in the airline industry, which of the
following best explains the difficulty airlines have in generating a profit?
Answer: Substitutes are readily available in the form of trains, buses,
and cars, thus reducing the profit potential in the industry.
