MANA 4322 EXAM BANK NEWEST ACTUAL
EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
TABLE OF CONTENT
MANA 4322 EXAM 1………………………PG.1-7
MANA 4322 EXAM 2 ……………………..PG.8-22
MANA 4322 MIDTERM REVIEW EXAM …………PG.23-29
MANA 4322 FINAL EXAM…………………PG.30-36
1|Page
,MANA 4322 EXAM 1
The four key attributes of strategic management include the idea that: -
............ANSWER.............. Strategy must be directed toward overall organizational
goals and objectives.
Strategy formulation and implementation is a challenging on-going process. To be
effective it should involve: - ............ANSWER.............. The CEO and the Board of
Directors
The Board of Directors, CEO and CFO
Line and Staff Managers
Product differentiation by incumbents acts as an entry barrier because: -
............ANSWER.............. New entrants will have to spend heavily to overcome
existing customer loyalties.
In value chain analysis, the activities of an organization are divided into two major
categories of value activities: primary and support. Which of the following is a
primary activity? - ............ANSWER.............. Repairing the product for the
customer.
The resource based view (RBV) of the firm combines which two perspectives: -
............ANSWER.............. The internal analysis of the firm as well as the external
analysis of the industry and competitive environmenment
An organization is responsible to many different entities. In order to meet the
demands of these groups, organizations must participate in stakeholder
management. Stakeholder management means that: - ............ANSWER..............
The interests of stockholders are not the only interests that matter.
2|Page
,According to Michael Porter, management innovations such as total quality,
benchmarking, and business process re-engineering cannot lead to sustainable
competitive advantages because: - ............ANSWER.............. Every company is
trying to implement them and hence it does not make a company different from
others.
Research has consistently shown that firms that achieve both cost leadership and
differentiation advantages tend to perform: - ............ANSWER.............. Higher
than firms that achieve either a cost or a differentiation advantage.
Which is the least accurate answer below? Strategic management involves: -
............ANSWER.............. Implementation of the strategy.
The need for managers to be focused on both effective long-term goal achievement
as well as short term operational efficiency is a definition of which of the
following? - ............ANSWER.............. Ambidexterity
What is this statement the definition of?... "Decisions are determined by both
analysis (deliberate) and unforeseen environmental developments, unanticipated
resource constraints, and/or changes in managerial preferences (emergent)." -
............ANSWER.............. Realized Strategy
Stakeholders include all of the following: employees, suppliers, creditors,
competitors, customers, government, and the local community. -
............ANSWER.............. False
"Ongoing surveillance of a firm's external environment that helps to predict
coming environmental changes, detects changes already underway, and allows a
firm to be proactive"... is a definition of which of the following? -
............ANSWER.............. Environmental Scanning
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, Using Michael Porter's Five Forces Model which of the following would not be
considered a barrier to entry? - ............ANSWER.............. Backward Integration
Using Michael Porter's Five Forces Model which of the following would not
contribute to a powerful Buyer group? - ............ANSWER.............. Buyers in an
industry where profits are high and switching costs are significant.
Using Michael Porter's Five Forces Model which of the following would not
contribute to a powerful Supplier group? - ............ANSWER.............. Buyer
quality is not significantly affected by industry products
Using Michael Porter's Five Forces Model which of the following would not be
considered a factor in causing significant intensity of Rivalry within an industry? -
............ANSWER.............. Rapid industry growth
In assessing its primary value chain activities, a clothing retailer would examine: -
............ANSWER.............. store layout in relation to sales.
Which of the following is NOT considered a Tangible Firm Resource? -
............ANSWER.............. Human Resources
Strategic Resources have four attributes. They are: - ............ANSWER..............
Rare, Difficult to Immitate, Valuable, Difficult to Substitute
Which of the following would NOT be a source of inimitability? -
............ANSWER.............. Process ambidexterity
Four factors help explain the extent to which employees and managers will be able
to obtain a disproportionately high level of the profits that they generate. Which
4|Page
EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
TABLE OF CONTENT
MANA 4322 EXAM 1………………………PG.1-7
MANA 4322 EXAM 2 ……………………..PG.8-22
MANA 4322 MIDTERM REVIEW EXAM …………PG.23-29
MANA 4322 FINAL EXAM…………………PG.30-36
1|Page
,MANA 4322 EXAM 1
The four key attributes of strategic management include the idea that: -
............ANSWER.............. Strategy must be directed toward overall organizational
goals and objectives.
Strategy formulation and implementation is a challenging on-going process. To be
effective it should involve: - ............ANSWER.............. The CEO and the Board of
Directors
The Board of Directors, CEO and CFO
Line and Staff Managers
Product differentiation by incumbents acts as an entry barrier because: -
............ANSWER.............. New entrants will have to spend heavily to overcome
existing customer loyalties.
In value chain analysis, the activities of an organization are divided into two major
categories of value activities: primary and support. Which of the following is a
primary activity? - ............ANSWER.............. Repairing the product for the
customer.
The resource based view (RBV) of the firm combines which two perspectives: -
............ANSWER.............. The internal analysis of the firm as well as the external
analysis of the industry and competitive environmenment
An organization is responsible to many different entities. In order to meet the
demands of these groups, organizations must participate in stakeholder
management. Stakeholder management means that: - ............ANSWER..............
The interests of stockholders are not the only interests that matter.
2|Page
,According to Michael Porter, management innovations such as total quality,
benchmarking, and business process re-engineering cannot lead to sustainable
competitive advantages because: - ............ANSWER.............. Every company is
trying to implement them and hence it does not make a company different from
others.
Research has consistently shown that firms that achieve both cost leadership and
differentiation advantages tend to perform: - ............ANSWER.............. Higher
than firms that achieve either a cost or a differentiation advantage.
Which is the least accurate answer below? Strategic management involves: -
............ANSWER.............. Implementation of the strategy.
The need for managers to be focused on both effective long-term goal achievement
as well as short term operational efficiency is a definition of which of the
following? - ............ANSWER.............. Ambidexterity
What is this statement the definition of?... "Decisions are determined by both
analysis (deliberate) and unforeseen environmental developments, unanticipated
resource constraints, and/or changes in managerial preferences (emergent)." -
............ANSWER.............. Realized Strategy
Stakeholders include all of the following: employees, suppliers, creditors,
competitors, customers, government, and the local community. -
............ANSWER.............. False
"Ongoing surveillance of a firm's external environment that helps to predict
coming environmental changes, detects changes already underway, and allows a
firm to be proactive"... is a definition of which of the following? -
............ANSWER.............. Environmental Scanning
3|Page
, Using Michael Porter's Five Forces Model which of the following would not be
considered a barrier to entry? - ............ANSWER.............. Backward Integration
Using Michael Porter's Five Forces Model which of the following would not
contribute to a powerful Buyer group? - ............ANSWER.............. Buyers in an
industry where profits are high and switching costs are significant.
Using Michael Porter's Five Forces Model which of the following would not
contribute to a powerful Supplier group? - ............ANSWER.............. Buyer
quality is not significantly affected by industry products
Using Michael Porter's Five Forces Model which of the following would not be
considered a factor in causing significant intensity of Rivalry within an industry? -
............ANSWER.............. Rapid industry growth
In assessing its primary value chain activities, a clothing retailer would examine: -
............ANSWER.............. store layout in relation to sales.
Which of the following is NOT considered a Tangible Firm Resource? -
............ANSWER.............. Human Resources
Strategic Resources have four attributes. They are: - ............ANSWER..............
Rare, Difficult to Immitate, Valuable, Difficult to Substitute
Which of the following would NOT be a source of inimitability? -
............ANSWER.............. Process ambidexterity
Four factors help explain the extent to which employees and managers will be able
to obtain a disproportionately high level of the profits that they generate. Which
4|Page
