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WPC 480 CHAPTER 1 QUESTIONS AND CORRECT ANSWERS

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WPC 480 CHAPTER 1 QUESTIONS AND CORRECT ANSWERS

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are inputs into a firm's production
process, such as capital equipment, the skills of
individual employees, patents, finances, and
talented managers




Below are several statements from companies. Which of these is a vision statement?


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Habitat for Humanity: A world where everyone has a decent place to live.

,Equal Exchange's leaders are careful about the employees they choose to hire
because of the power individuals can hold. Each employee has a Class A voting stock.
Leaders ensure that the employee candidates hold the same values and recognize
the importance of Equal Exchange's mission. After a year of probation, the company
leaders vote on the new employee based on how he or she fits into the:


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organizational culture.




Core competencies


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are capabilities that serve
as a source of competitive advantage for a firm
over its rivals




Marquis is the international operations manager for an athletic clothing line. As part of
his responsibilities, he regularly tours the factories of the company's suppliers. He
recently took a tour of one of the most efficient plants that delivers low-cost clothing.
This gives his company a greater profit margin. However, on the tour, he noticed an 8-
year-old child operating one of the machines. Which of the following best describes
how Marquis should report back to his CEO about the plant tour?


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, Marquis should bring this issue to the attention of the CEO and other top
leadership immediately. He has a personal, ethical objection to child labor
and believes that it is also inconsistent with the company's core values.




Considering the I/O Model of Above-Average Returns, why would Lululemon be
interested in competing in the women's athletic apparel market?


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Industry trends suggest above-average growth




Every organization has groups of people that it must establish and manage
relationships with to be successful. These groups include:


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all of these




After a series of controversies, the leadership team at Lululemon is faced with serious
pressure from which stakeholder group?


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Capital market stakeholders

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