Testm/Bankm/form/Strategicm/Managementm/Conceptsm/andm/Casesm/Competitivenessm/andm/Globalizationm/14em/
Michaelm/Hitt,m/Duanem/Ireland,m/Robertm/Hoskisson,m/Jeffreym/Harrisonm/(Allm/Chaptersm/100%m/Originalm/Ve
rified,m/A+m/Grade)
Chapterm/01m/-m/Strategicm/Managementm/andm/Strategicm/Competitiveness
Truem//m/False
1. Them/differencem/betweenm/averagem/andm/above-
averagem/returnsm/ism/thatm/averagem/returnsm/arem/returnsm/thatm/anm/investorm/expectsm/tom/earnm/fromm/anm/investmentm/asm
/comparedm/tom/otherm/investmentsm/withm/similarm/stockm/prices,m/whilem/above-
averagem/returnsm/arem/inm/excessm/ofm/expectationsm/form/similarlym/pricedm/stocks.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1m/Anm/Overviewm/ofm/Strategym/andm/Strategicm/Competitiveness
QUESTIONm/TYPE: Truem//m/False
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.01m/-
m/Definem/strategicm/competitiveness,m/strategy,m/competitivem/advantage,m/above-
averagem/returns,m/andm/them/strategicm/managementm/process.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
KEYWORDS: Bloom's:m/Analyze
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 4/19/2023m/5:02m/PM
2. Particularlym/whenm/assessingm/investmentsm/inm/newm/venturem/firms,m/them/mostm/effective,m/andm/oftenm/them/only,m/
Copyrightm/Cengagem/Learning.m/Poweredm/bym/C Pagem/1
ognero.
,waym/tom/measurem/them/performancem/ofm/them/firmsm/andm/determinem/theirm/viabilitym/asm/anm/investmentm/optionm/ism/to
m/examinem/financialm/metricsm/suchm/asm/returnsm/onm/assets,m/andm/sales.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1m/Anm/Overviewm/ofm/Strategym/andm/Strategicm/Competitiveness
QUESTIONm/TYPE: Truem//m/False
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.01m/-
m/Definem/strategicm/competitiveness,m/strategy,m/competitivem/advantage,m/above-
averagem/returns,m/andm/them/strategicm/managementm/process.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
KEYWORDS: Bloom's:m/Analyze
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 4/19/2023m/5:02m/PM
3. Examplesm/ofm/incrementalm/innovationsm/includem/iPads,m/Wi-Fi,m/andm/them/webm/browser.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2m/Them/Competitivem/Landscape
Copyrightm/Cengagem/Learning.m/Poweredm/bym/C Pagem/2
ognero.
,QUESTIONm/TYPE: Truem//m/False
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.02m/-
m/Describem/them/competitivem/landscape,m/andm/explainm/howm/globalization,m/technological m/
changes,m/andm/expectationsm/ofm/sociallym/responsiblem/behaviorm/shapem/it.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
KEYWORDS: Bloom's:m/Apply
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 4/19/2023m/5:02m/PM
4. Them/I/Om/andm/resource-
basedm/modelsm/containm/manym/ofm/them/samem/steps.m/Onem/clearm/differencem/betweenm/them/twom/modelsm/ism/them/resour
ce-
basedm/modelm/startsm/bym/lookingm/atm/them/internalm/strengthsm/andm/weaknessesm/ofm/am/firm,m/whilem/them/I/Om/modelm/be
ginsm/withm/anm/examinationm/ofm/them/externalm/environment.m/Anotherm/keym/differencem/ism/them/resource-
basedm/modelm/identifiesm/anm/attractivem/industrym/muchm/earlierm/inm/them/processm/thanm/doesm/them/I/Om/model.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-4m/Them/Resource-Basedm/Modelm/ofm/Above-Averagem/Returns
QUESTIONm/TYPE: Truem//m/False
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.04m/-m/Usem/them/resource-
basedm/modelm/tom/explainm/howm/firmsm/canm/earnm/above-m/averagem/returns.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
KEYWORDS: Bloom's:m/Analyze
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 4/19/2023m/5:02m/PM
Multiplem/Choice
5. Whatm/hasm/am/firmm/achievedm/whenm/itm/successfullym/formulatesm/andm/implementsm/am/value-creatingm/strategy?
a. Strategicm/competitiveness
b. Am/permanentlym/sustainablem/competitivem/advantage
c. Substantialm/returns
d. Legalm/andm/ethicalm/corem/values
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-1m/Anm/Overviewm/ofm/Strategym/andm/Strategicm/Competitiveness
QUESTIONm/TYPE: Multiplem/Choice
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.01m/-
m/Definem/strategicm/competitiveness,m/strategy,m/competitivem/advantage,m/above-
averagem/returns,m/andm/them/strategicm/managementm/process.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
Copyrightm/Cengagem/Learning.m/Poweredm/bym/C Pagem/3
ognero.
, KEYWORDS: Bloom's:m/Understand
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 5/17/2023m/4:21m/PM
Copyrightm/Cengagem/Learning.m/Poweredm/bym/C Pagem/4
ognero.
Michaelm/Hitt,m/Duanem/Ireland,m/Robertm/Hoskisson,m/Jeffreym/Harrisonm/(Allm/Chaptersm/100%m/Originalm/Ve
rified,m/A+m/Grade)
Chapterm/01m/-m/Strategicm/Managementm/andm/Strategicm/Competitiveness
Truem//m/False
1. Them/differencem/betweenm/averagem/andm/above-
averagem/returnsm/ism/thatm/averagem/returnsm/arem/returnsm/thatm/anm/investorm/expectsm/tom/earnm/fromm/anm/investmentm/asm
/comparedm/tom/otherm/investmentsm/withm/similarm/stockm/prices,m/whilem/above-
averagem/returnsm/arem/inm/excessm/ofm/expectationsm/form/similarlym/pricedm/stocks.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1m/Anm/Overviewm/ofm/Strategym/andm/Strategicm/Competitiveness
QUESTIONm/TYPE: Truem//m/False
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.01m/-
m/Definem/strategicm/competitiveness,m/strategy,m/competitivem/advantage,m/above-
averagem/returns,m/andm/them/strategicm/managementm/process.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
KEYWORDS: Bloom's:m/Analyze
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 4/19/2023m/5:02m/PM
2. Particularlym/whenm/assessingm/investmentsm/inm/newm/venturem/firms,m/them/mostm/effective,m/andm/oftenm/them/only,m/
Copyrightm/Cengagem/Learning.m/Poweredm/bym/C Pagem/1
ognero.
,waym/tom/measurem/them/performancem/ofm/them/firmsm/andm/determinem/theirm/viabilitym/asm/anm/investmentm/optionm/ism/to
m/examinem/financialm/metricsm/suchm/asm/returnsm/onm/assets,m/andm/sales.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1m/Anm/Overviewm/ofm/Strategym/andm/Strategicm/Competitiveness
QUESTIONm/TYPE: Truem//m/False
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.01m/-
m/Definem/strategicm/competitiveness,m/strategy,m/competitivem/advantage,m/above-
averagem/returns,m/andm/them/strategicm/managementm/process.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
KEYWORDS: Bloom's:m/Analyze
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 4/19/2023m/5:02m/PM
3. Examplesm/ofm/incrementalm/innovationsm/includem/iPads,m/Wi-Fi,m/andm/them/webm/browser.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2m/Them/Competitivem/Landscape
Copyrightm/Cengagem/Learning.m/Poweredm/bym/C Pagem/2
ognero.
,QUESTIONm/TYPE: Truem//m/False
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.02m/-
m/Describem/them/competitivem/landscape,m/andm/explainm/howm/globalization,m/technological m/
changes,m/andm/expectationsm/ofm/sociallym/responsiblem/behaviorm/shapem/it.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
KEYWORDS: Bloom's:m/Apply
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 4/19/2023m/5:02m/PM
4. Them/I/Om/andm/resource-
basedm/modelsm/containm/manym/ofm/them/samem/steps.m/Onem/clearm/differencem/betweenm/them/twom/modelsm/ism/them/resour
ce-
basedm/modelm/startsm/bym/lookingm/atm/them/internalm/strengthsm/andm/weaknessesm/ofm/am/firm,m/whilem/them/I/Om/modelm/be
ginsm/withm/anm/examinationm/ofm/them/externalm/environment.m/Anotherm/keym/differencem/ism/them/resource-
basedm/modelm/identifiesm/anm/attractivem/industrym/muchm/earlierm/inm/them/processm/thanm/doesm/them/I/Om/model.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-4m/Them/Resource-Basedm/Modelm/ofm/Above-Averagem/Returns
QUESTIONm/TYPE: Truem//m/False
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.04m/-m/Usem/them/resource-
basedm/modelm/tom/explainm/howm/firmsm/canm/earnm/above-m/averagem/returns.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
KEYWORDS: Bloom's:m/Analyze
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 4/19/2023m/5:02m/PM
Multiplem/Choice
5. Whatm/hasm/am/firmm/achievedm/whenm/itm/successfullym/formulatesm/andm/implementsm/am/value-creatingm/strategy?
a. Strategicm/competitiveness
b. Am/permanentlym/sustainablem/competitivem/advantage
c. Substantialm/returns
d. Legalm/andm/ethicalm/corem/values
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-1m/Anm/Overviewm/ofm/Strategym/andm/Strategicm/Competitiveness
QUESTIONm/TYPE: Multiplem/Choice
HASm/VARIABLES: False
LEARNINGm/OBJECTIVES:m / SM.HITT.24.01.01m/-
m/Definem/strategicm/competitiveness,m/strategy,m/competitivem/advantage,m/above-
averagem/returns,m/andm/them/strategicm/managementm/process.
NATIONALm/STANDARDS:m / Unitedm/Statesm/-m/BUSPROG:m/Analyticm/|m/Technologym/-m/BUSPROG:m/Analytic
Copyrightm/Cengagem/Learning.m/Poweredm/bym/C Pagem/3
ognero.
, KEYWORDS: Bloom's:m/Understand
DATEm/CREATED: 4/19/2023m/5:02m/PM
DATEm/MODIFIED: 5/17/2023m/4:21m/PM
Copyrightm/Cengagem/Learning.m/Poweredm/bym/C Pagem/4
ognero.
