LSUS MBA-703 MANAGERIAL
ACCOUNTING REVIEW 2026 QUESTIONS
WITH SOLUTIONS TESTED QUESTIONS.
■ Porter - 2 primary methods for obtaining competitive advantage.
Answer: 1. cost advantage 2. differentiation advantage
■ 2 of Porter's analysis tools. Answer: 1. the value chain 2. the 5 Forces
model
■ Porter's 2001 article "Strategy and the Internet". Answer: examines the
impact of the Internet on business strategy and competitive advantage
■ value chain. Answer: a series of activities undertaken by the company
to produce a product or service
■ 2 set of activities of a value chain. Answer: 1. primary activities 2.
support activities
■ Primary activities in the value chain. Answer: 1. inbound logistics
2. operations
3. outbound logistics
4. marketing and sales
,5. service
■ inbound logistics. Answer: The area of logistics that involves bringing
raw materials, packaging, other goods and services, and information
from suppliers to producers; supply chain management
■ Operations. Answer: transforms raw materials or inputs into goods and
services; manufacturing to business process management
■ outbound logistics. Answer: the functions required to get the product
out to the customer; IT can be a delivery mechanism itself
■ Sales/Marketing. Answer: the functions that will entice buyers to
purchase products; IT can be used to innovate product design and reach
customer like never before; the company website can be a sales channel
itself
■ Service. Answer: the functions a business performs after the product
has been purchased to maintain and enhance the product's value
■ Support activities. Answer: the functions in an organization that
support, and cut across, all of the primary activities
■ Support Activities in the Value Chain. Answer: firm infrastructure,
human resource management, technology development, procurement
,■ firm infrastructure. Answer: the accounting, finance, legal, and general
administration activities that allow an organization to function; ERP
systems
■ Human Resource Management. Answer: consists of the activities
managers perform to plan for, attract, develop, and retain an effective
workforce; IT can increase their reach and provide for a more flexible
work environment
■ technology development. Answer: technological advances and
innovations that support the primary activities; Information Technology
falls specifically under this activity
■ procurement. Answer: activities involved in acquiring the raw
materials used in the creation of products and services; IT impact -
business-to-business e-commerce
■ Porter's Five Forces Model. Answer: analyzes the competitive forces
within the environment in which a company operates to assess the
potential for profitability in an industry
■ 5 forces in Porter's Five Forces Model. Answer: 1. Threat of
substitution 2. Bargaining power of suppliers 3. Bargaining power of
customers 4. Barriers to entry 5. Rivalry among existing competitors
, ■ Threat of substitute products or services. Answer: the more types of
products or services there are that can meet a particular need, the less
profitability there will be in an industry
■ Bargaining power of suppliers. Answer: When a company has several
suppliers to choose from, it can demand a lower price. When a sole
supplier exists, then the company is at the mercy of the supplier
■ Bargaining power of customers. Answer: the Internet has given
customers many more options to choose from
■ barriers to entry. Answer: the easier it is to enter an industry, the
tougher it will be to make a profit in that industry; easy to copy
technology, so new innovations will not last that long
■ Rivalry among existing competitors. Answer: One of Porter's five
forces; high when competition is fierce in a market and low when
competitors are more complacent.
■ strategic information system. Answer: an information system that is
designed specifically to implement an organizational strategy meant to
provide a competitive advantage
■ Charles Wiseman. Answer: "Creating Competitive Weapons from
Information Systems"
ACCOUNTING REVIEW 2026 QUESTIONS
WITH SOLUTIONS TESTED QUESTIONS.
■ Porter - 2 primary methods for obtaining competitive advantage.
Answer: 1. cost advantage 2. differentiation advantage
■ 2 of Porter's analysis tools. Answer: 1. the value chain 2. the 5 Forces
model
■ Porter's 2001 article "Strategy and the Internet". Answer: examines the
impact of the Internet on business strategy and competitive advantage
■ value chain. Answer: a series of activities undertaken by the company
to produce a product or service
■ 2 set of activities of a value chain. Answer: 1. primary activities 2.
support activities
■ Primary activities in the value chain. Answer: 1. inbound logistics
2. operations
3. outbound logistics
4. marketing and sales
,5. service
■ inbound logistics. Answer: The area of logistics that involves bringing
raw materials, packaging, other goods and services, and information
from suppliers to producers; supply chain management
■ Operations. Answer: transforms raw materials or inputs into goods and
services; manufacturing to business process management
■ outbound logistics. Answer: the functions required to get the product
out to the customer; IT can be a delivery mechanism itself
■ Sales/Marketing. Answer: the functions that will entice buyers to
purchase products; IT can be used to innovate product design and reach
customer like never before; the company website can be a sales channel
itself
■ Service. Answer: the functions a business performs after the product
has been purchased to maintain and enhance the product's value
■ Support activities. Answer: the functions in an organization that
support, and cut across, all of the primary activities
■ Support Activities in the Value Chain. Answer: firm infrastructure,
human resource management, technology development, procurement
,■ firm infrastructure. Answer: the accounting, finance, legal, and general
administration activities that allow an organization to function; ERP
systems
■ Human Resource Management. Answer: consists of the activities
managers perform to plan for, attract, develop, and retain an effective
workforce; IT can increase their reach and provide for a more flexible
work environment
■ technology development. Answer: technological advances and
innovations that support the primary activities; Information Technology
falls specifically under this activity
■ procurement. Answer: activities involved in acquiring the raw
materials used in the creation of products and services; IT impact -
business-to-business e-commerce
■ Porter's Five Forces Model. Answer: analyzes the competitive forces
within the environment in which a company operates to assess the
potential for profitability in an industry
■ 5 forces in Porter's Five Forces Model. Answer: 1. Threat of
substitution 2. Bargaining power of suppliers 3. Bargaining power of
customers 4. Barriers to entry 5. Rivalry among existing competitors
, ■ Threat of substitute products or services. Answer: the more types of
products or services there are that can meet a particular need, the less
profitability there will be in an industry
■ Bargaining power of suppliers. Answer: When a company has several
suppliers to choose from, it can demand a lower price. When a sole
supplier exists, then the company is at the mercy of the supplier
■ Bargaining power of customers. Answer: the Internet has given
customers many more options to choose from
■ barriers to entry. Answer: the easier it is to enter an industry, the
tougher it will be to make a profit in that industry; easy to copy
technology, so new innovations will not last that long
■ Rivalry among existing competitors. Answer: One of Porter's five
forces; high when competition is fierce in a market and low when
competitors are more complacent.
■ strategic information system. Answer: an information system that is
designed specifically to implement an organizational strategy meant to
provide a competitive advantage
■ Charles Wiseman. Answer: "Creating Competitive Weapons from
Information Systems"
