Glo-Bus Exam 1 EXAM 2026 (Actual
Exam) Questions with verified
Answers (Latest Update 2026-2027)
UPDATE!! Newest Actual Questions &
Answers. Graded A
Accounting Profitability - AnsAccurately assesses firm performance.
Compares firm performance to competitors/industry average
Accounting Profitability Availablility - Ans-Standardized accounting metrics
(GAAP, FASB)
-Form 10-K statements
-Profitability ratios: return on invested capital, return on equity, return on
assets, and return on revenue
Actions Based on Vision - Ans-Build necessary resources
-Build capabilities
-Ensure continuous organizational learning
-Ensure learning from failure
Advantages of Balanced Scorecard - Ans-Links strategic vision to
responsible parties
-Translates vision into measurable goals
-Designs and plans business process
-Implements feedback and organizational learning
1
,-Alerts to needed strategic goal adaptation
AFI Strategy Framework - AnsHelps managers craft and execute a
strategy. Enhances chances of achieving superior performance. Explains
and predicts differences in firm performance. Helps managers formulate
and implement a strategy.
Analysis - AnsA diagnosis of the competitive challenge. Refers to the firm's
internal and external environments.
Approaches to Scenario Planning - Ans-Obtain input from different levels
and functions
-Determine how to compete situationally
-Attach probabilities to different future states
Assess Competitive Advantage - Ans-Compare firm to competitors in the
same industry
-Compare firm to industry average
Autonomous Actions - AnsStrategic initiatives undertaken by lower-level
employees on their own volition and often in response to unexpected
situations
Balanced Scorecard - AnsStrategy implementation tool that harnesses
multiple internal and external performance metrics in order to balance
financial and strategic goals
2
, Black Swan Events - AnsIncidents that describe highly improbable but
high-impact events
Business Model - AnsDetails competitive tactics and initiatives. Explains
how the firm intends to make money and conducts its business.
Business Strategy - AnsStandalone division of corporate that carries profit
and loss responsibility.
Companies with a Good Strategy - Ans-Provide products or services to
consumers at an affordable price
-Make a profit
-Can provide benefits such as: education, infrastructure, public safety,
health care, clean water and air
Competitive Advantage - AnsSuperior performance relative to other
competitors in the same industry or the industry average
Competitive Disadvantage - AnsUnderperformance relative to other
competitors in the same industry or the industry average
Competitive Parity - AnsPerformance of two or more firms at the same level
Considerations of Scenario Planning - Ans-New laws
-Demographic shifts
-Changing economic conditions
-Technological advances
3
Exam) Questions with verified
Answers (Latest Update 2026-2027)
UPDATE!! Newest Actual Questions &
Answers. Graded A
Accounting Profitability - AnsAccurately assesses firm performance.
Compares firm performance to competitors/industry average
Accounting Profitability Availablility - Ans-Standardized accounting metrics
(GAAP, FASB)
-Form 10-K statements
-Profitability ratios: return on invested capital, return on equity, return on
assets, and return on revenue
Actions Based on Vision - Ans-Build necessary resources
-Build capabilities
-Ensure continuous organizational learning
-Ensure learning from failure
Advantages of Balanced Scorecard - Ans-Links strategic vision to
responsible parties
-Translates vision into measurable goals
-Designs and plans business process
-Implements feedback and organizational learning
1
,-Alerts to needed strategic goal adaptation
AFI Strategy Framework - AnsHelps managers craft and execute a
strategy. Enhances chances of achieving superior performance. Explains
and predicts differences in firm performance. Helps managers formulate
and implement a strategy.
Analysis - AnsA diagnosis of the competitive challenge. Refers to the firm's
internal and external environments.
Approaches to Scenario Planning - Ans-Obtain input from different levels
and functions
-Determine how to compete situationally
-Attach probabilities to different future states
Assess Competitive Advantage - Ans-Compare firm to competitors in the
same industry
-Compare firm to industry average
Autonomous Actions - AnsStrategic initiatives undertaken by lower-level
employees on their own volition and often in response to unexpected
situations
Balanced Scorecard - AnsStrategy implementation tool that harnesses
multiple internal and external performance metrics in order to balance
financial and strategic goals
2
, Black Swan Events - AnsIncidents that describe highly improbable but
high-impact events
Business Model - AnsDetails competitive tactics and initiatives. Explains
how the firm intends to make money and conducts its business.
Business Strategy - AnsStandalone division of corporate that carries profit
and loss responsibility.
Companies with a Good Strategy - Ans-Provide products or services to
consumers at an affordable price
-Make a profit
-Can provide benefits such as: education, infrastructure, public safety,
health care, clean water and air
Competitive Advantage - AnsSuperior performance relative to other
competitors in the same industry or the industry average
Competitive Disadvantage - AnsUnderperformance relative to other
competitors in the same industry or the industry average
Competitive Parity - AnsPerformance of two or more firms at the same level
Considerations of Scenario Planning - Ans-New laws
-Demographic shifts
-Changing economic conditions
-Technological advances
3
