CBAD 478 FINAL REVIEW questions
with correct answers
Considering international expansion will often examine absolute metrics in which country to pursuit
investments but also consider relative distance to help firms decide where to compete the _________
was developed to help firms make this decision. - correct answer ✔✔Cage
executives at Disney and sons are developing strategic plans to address plausible future situations like
rise of price of cotton and synthetic fabric by 20% , deprecations in the dollar increasing the cost of labor
by 30%, and increase demand for company's products. By doing so the company will be well prepared
with planned responses if any of these situations occur in the future. The company is employing what
type of planning as the approach to the development of strategy? - correct answer ✔✔Scenario
Two neighboring democratic countries that are a part of a trading block follow different religions and
social norms most likely have high_____ distance: - correct answer ✔✔Cultural
Which of the following most likely have prevented the accounting scandals of the early 2000s of the
global financial crisis? - correct answer ✔✔Practicing effective corporate governance
After creation of social networking websites were introduced, the value increased exponentially as the
number of users increased. This is the positive effect of: - correct answer ✔✔Network Affect
When the strong dictatorial rule in Arlington unexpectedly collapsed due to the shocking death of the
Royal family in an explosion, the nation's economy experienced drastic changes. The laws became more
restrictive, the country lost many locally produced resources and products, and the distribution of
wealth became inequitable. The unexpected event that led to these changes can best be described as
what type of event. - correct answer ✔✔Black Swan Event
Which of the following statements accurately brings out the difference between tangible and intangible
resources: - correct answer ✔✔Tangible assets can be bought in the open market by anyone with
necessary cash while intangible cannot be easily purchased.
, The former CEO of Sam's Club, a division with its own profit-and-loss responsibility, Rosalind Brewer,
reported to Walmart's CEO, C. Douglas McMillon, who as corporate executive oversees Walmart's entire
operations. Sam's Club, therefore, is a ________ of Walmart. - correct answer ✔✔Strategic Business Unit
Perfectly competitive industry is one that: - correct answer ✔✔All the above
Janet hires Venessa to perform a critical task in her organization. However, Venessa has misrepresented
her knowledge, skills, and ability. Janet has no way of knowing if Venessa can perform well, this is an
example of: - correct answer ✔✔Adverse Selection
Best Reads spent 10 million dollars to buy the rights to a best-selling novel, company then prepared for
production by hiring a screenwriter to adapt the novel. Casting the main roles, renting the camera and
other equipment, and scouting locations in Southern Montana. Which of the following resources are
both intangible? - correct answer ✔✔Best-selling novel, screenwriters experience to adapting novels.
Tesla is addressing environmental concerns regarding carbon emissions of gasoline powered cars by
building zero emissions battery powered vehicles. This best represents which of the following PESTEL
categories? - correct answer ✔✔Ecological
John is a bit confused on the difference between stakeholders and stockholders, you meet with john and
inform him that the main difference are: - correct answer ✔✔Stakeholders can be both internal and
external while stockholders own shares of a firm and are classified as internal to the firm
Example in class where Starbucks store manager who came up with idea of Frappuccino, what type of
planning was that: - correct answer ✔✔Planned emergence or emergence strategy
A functional structure is recommended when: - correct answer ✔✔Has a low level of diversification
What does is mean when a firm has an 80% learning curve? - correct answer ✔✔Every time a cumulative
output is doubled then the cost per unit decreases by 20%.
What is the definition of corporate social responsibility: open response - correct answer ✔✔framework
that helps firms recognize and address legal, ethical, philanthropic, and economical expectations society
with correct answers
Considering international expansion will often examine absolute metrics in which country to pursuit
investments but also consider relative distance to help firms decide where to compete the _________
was developed to help firms make this decision. - correct answer ✔✔Cage
executives at Disney and sons are developing strategic plans to address plausible future situations like
rise of price of cotton and synthetic fabric by 20% , deprecations in the dollar increasing the cost of labor
by 30%, and increase demand for company's products. By doing so the company will be well prepared
with planned responses if any of these situations occur in the future. The company is employing what
type of planning as the approach to the development of strategy? - correct answer ✔✔Scenario
Two neighboring democratic countries that are a part of a trading block follow different religions and
social norms most likely have high_____ distance: - correct answer ✔✔Cultural
Which of the following most likely have prevented the accounting scandals of the early 2000s of the
global financial crisis? - correct answer ✔✔Practicing effective corporate governance
After creation of social networking websites were introduced, the value increased exponentially as the
number of users increased. This is the positive effect of: - correct answer ✔✔Network Affect
When the strong dictatorial rule in Arlington unexpectedly collapsed due to the shocking death of the
Royal family in an explosion, the nation's economy experienced drastic changes. The laws became more
restrictive, the country lost many locally produced resources and products, and the distribution of
wealth became inequitable. The unexpected event that led to these changes can best be described as
what type of event. - correct answer ✔✔Black Swan Event
Which of the following statements accurately brings out the difference between tangible and intangible
resources: - correct answer ✔✔Tangible assets can be bought in the open market by anyone with
necessary cash while intangible cannot be easily purchased.
, The former CEO of Sam's Club, a division with its own profit-and-loss responsibility, Rosalind Brewer,
reported to Walmart's CEO, C. Douglas McMillon, who as corporate executive oversees Walmart's entire
operations. Sam's Club, therefore, is a ________ of Walmart. - correct answer ✔✔Strategic Business Unit
Perfectly competitive industry is one that: - correct answer ✔✔All the above
Janet hires Venessa to perform a critical task in her organization. However, Venessa has misrepresented
her knowledge, skills, and ability. Janet has no way of knowing if Venessa can perform well, this is an
example of: - correct answer ✔✔Adverse Selection
Best Reads spent 10 million dollars to buy the rights to a best-selling novel, company then prepared for
production by hiring a screenwriter to adapt the novel. Casting the main roles, renting the camera and
other equipment, and scouting locations in Southern Montana. Which of the following resources are
both intangible? - correct answer ✔✔Best-selling novel, screenwriters experience to adapting novels.
Tesla is addressing environmental concerns regarding carbon emissions of gasoline powered cars by
building zero emissions battery powered vehicles. This best represents which of the following PESTEL
categories? - correct answer ✔✔Ecological
John is a bit confused on the difference between stakeholders and stockholders, you meet with john and
inform him that the main difference are: - correct answer ✔✔Stakeholders can be both internal and
external while stockholders own shares of a firm and are classified as internal to the firm
Example in class where Starbucks store manager who came up with idea of Frappuccino, what type of
planning was that: - correct answer ✔✔Planned emergence or emergence strategy
A functional structure is recommended when: - correct answer ✔✔Has a low level of diversification
What does is mean when a firm has an 80% learning curve? - correct answer ✔✔Every time a cumulative
output is doubled then the cost per unit decreases by 20%.
What is the definition of corporate social responsibility: open response - correct answer ✔✔framework
that helps firms recognize and address legal, ethical, philanthropic, and economical expectations society
