2
BUAD 453 Strategy Exam with accurate detailed answers || || || || || || ||
There are three levels of strategy that affect different levels in an organization - corporate,
|| || || || || || || || || || || || || || ||
business, and managerial/functional level strategy. Which level of strategy is most relevant
|| || || || || || || || || || || ||
when making decisions about how a business-unit within the firm will be competitive?
|| || || || || || || || || || || ||
Business-level Strategy ||
None of these levels of strategy are correct
|| || || || || || ||
Corporate-level Strategy ||
Managerial/Functional-level Strategy - ✔✔Business-level Strategy || || || ||
Which of the following generic business-level strategies is most appropriate for Charles
|| || || || || || || || || || || ||
Chocolates?
Mergers & Acquisitions || ||
Variable Profit ||
Differentiation
Cost leadership/Low cost - ✔✔Differentiation
|| || || ||
Which strategic management analytical framework is most appropriate to use when
|| || || || || || || || || || ||
assessing major factors that affect profit potential of the premium chocolate industry?
|| || || || || || || || || || ||
STEEP
Porter's Five Forces || ||
Financial Ratio Analysis || ||
VRIO - ✔✔Porter's Five Forces
|| || || ||
Based on a Porter's Five Forces analysis, what makes an industry attractive?
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The strength of all of the forces are high, which makes it relatively easy to be profitable.
|| || || || || || || || || || || || || || || ||
, 2
The strength of all of the forces are high, which makes it relatively hard to be profitable.
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The strength of all of the forces are low, which makes it relatively hard to be profitable.
|| || || || || || || || || || || || || || || ||
The strength of all of the forces are low, which makes it relatively easy to be profitable. -
|| || || || || || || || || || || || || || || || || ||
✔✔The strength of all of the forces are low, which makes it relatively easy to be profitable.
|| || || || || || || || || || || || || || || ||
Which of the following is a liquidity ratio?
|| || || || || || ||
Inventory Turnover ||
Current Ratio ||
Collection Period ||
Total Asset Turnover - ✔✔Current Ratio
|| || || || ||
Vertical analysis of the income statement highlights the relationships between line items as
|| || || || || || || || || || || || ||
a percentage of sales.
|| || ||
True
False - ✔✔True || ||
The table shown below compares the current ratios of two companies. Of the statements
|| || || || || || || || || || || || || ||
provided, which one best describes the conditions of these two companies?
|| || || || || || || || || ||
Current Ratio 2022/2023 || ||
Company A 2.25 1.02 || || ||
Company B. 1.16. 3.14 || || ||
Company B is struggling with its ability to be profitable
|| || || || || || || || ||
Company A has increased sales from 2022 to 2023
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Company A is doing a better job of paying its bills from 2022 to 2023
|| || || || || || || || || || || || || ||
Company B is in a better position of withstanding short-term financial stress from 2022 to
|| || || || || || || || || || || || || || ||
2023 - ✔✔Company B is in a better position of withstanding short-term financial stress
|| || || || || || || || || || || || || ||
from 2022 to 2023
|| || ||
BUAD 453 Strategy Exam with accurate detailed answers || || || || || || ||
There are three levels of strategy that affect different levels in an organization - corporate,
|| || || || || || || || || || || || || || ||
business, and managerial/functional level strategy. Which level of strategy is most relevant
|| || || || || || || || || || || ||
when making decisions about how a business-unit within the firm will be competitive?
|| || || || || || || || || || || ||
Business-level Strategy ||
None of these levels of strategy are correct
|| || || || || || ||
Corporate-level Strategy ||
Managerial/Functional-level Strategy - ✔✔Business-level Strategy || || || ||
Which of the following generic business-level strategies is most appropriate for Charles
|| || || || || || || || || || || ||
Chocolates?
Mergers & Acquisitions || ||
Variable Profit ||
Differentiation
Cost leadership/Low cost - ✔✔Differentiation
|| || || ||
Which strategic management analytical framework is most appropriate to use when
|| || || || || || || || || || ||
assessing major factors that affect profit potential of the premium chocolate industry?
|| || || || || || || || || || ||
STEEP
Porter's Five Forces || ||
Financial Ratio Analysis || ||
VRIO - ✔✔Porter's Five Forces
|| || || ||
Based on a Porter's Five Forces analysis, what makes an industry attractive?
|| || || || || || || || || || ||
The strength of all of the forces are high, which makes it relatively easy to be profitable.
|| || || || || || || || || || || || || || || ||
, 2
The strength of all of the forces are high, which makes it relatively hard to be profitable.
|| || || || || || || || || || || || || || || ||
The strength of all of the forces are low, which makes it relatively hard to be profitable.
|| || || || || || || || || || || || || || || ||
The strength of all of the forces are low, which makes it relatively easy to be profitable. -
|| || || || || || || || || || || || || || || || || ||
✔✔The strength of all of the forces are low, which makes it relatively easy to be profitable.
|| || || || || || || || || || || || || || || ||
Which of the following is a liquidity ratio?
|| || || || || || ||
Inventory Turnover ||
Current Ratio ||
Collection Period ||
Total Asset Turnover - ✔✔Current Ratio
|| || || || ||
Vertical analysis of the income statement highlights the relationships between line items as
|| || || || || || || || || || || || ||
a percentage of sales.
|| || ||
True
False - ✔✔True || ||
The table shown below compares the current ratios of two companies. Of the statements
|| || || || || || || || || || || || || ||
provided, which one best describes the conditions of these two companies?
|| || || || || || || || || ||
Current Ratio 2022/2023 || ||
Company A 2.25 1.02 || || ||
Company B. 1.16. 3.14 || || ||
Company B is struggling with its ability to be profitable
|| || || || || || || || ||
Company A has increased sales from 2022 to 2023
|| || || || || || || ||
Company A is doing a better job of paying its bills from 2022 to 2023
|| || || || || || || || || || || || || ||
Company B is in a better position of withstanding short-term financial stress from 2022 to
|| || || || || || || || || || || || || || ||
2023 - ✔✔Company B is in a better position of withstanding short-term financial stress
|| || || || || || || || || || || || || ||
from 2022 to 2023
|| || ||
