MAN 4720 CHAPTER 1 EXAM 2025 WITH ACCURATE
SOLUTIONS
greater a firm's economic contribution.
, trade-offs that work against each
strategic management
other
greater a firm's economic
It has a high market valuation.
contribution
Don't know?
2 of 40
Term
Which of the following is a stakeholder attribute that managers
should consider at every step in a stakeholder impact analysis?
legitimacy
supremacy
literacy
solvency
Give this one a try later!
controlling costs
exhibiting corporate citizenship
creating value
legitimacy board members
Don't know?
, 3 of 40
Term
Which of the following are primary strategy objectives? (Check all
that apply.)
strengthening relationships
controlling costs
creating value
maximizing sales
Give this one a try later!
exhibiting corporate citizenship shareholder impact analysis
controlling costs
value creation
creating value
Don't know?
4 of 40
Term
The Bright Bulb light bulb company produces a line of LED bulbs
that customers consider very similar to competitors' LED bulbs.
Which of the following conditions must be true for Bright Bulb to
have a competitive advantage?
The bulbs must have a lower cost than competitors' bulbs.
, The bulbs must be more expensive than competitors' offerings.
The bulbs must be on the market for a longer period of time than
competitors' bulbs.
The bulbs must be sold by online retailers only.
Give this one a try later!
The principles of strategic
The bulbs must have a lower
management can be applied
cost than competitors' bulbs.
universally to all organizations.
A firm's competitive advantage is It has a competitive advantage
always absolute, not relative. over the other firms.
Don't know?
5 of 40
Term
Why are black swan events such as accounting scandals and the
global financial crisis perceived as caused by cheap credit and
subprime mortgages offered by financial institutions, bad for
business?
They allow companies to gain a competitive advantage unfairly.
They erode the implicit trust between the corporate world and
society.
They contribute to competitive parity, which hinders economic
growth.
SOLUTIONS
greater a firm's economic contribution.
, trade-offs that work against each
strategic management
other
greater a firm's economic
It has a high market valuation.
contribution
Don't know?
2 of 40
Term
Which of the following is a stakeholder attribute that managers
should consider at every step in a stakeholder impact analysis?
legitimacy
supremacy
literacy
solvency
Give this one a try later!
controlling costs
exhibiting corporate citizenship
creating value
legitimacy board members
Don't know?
, 3 of 40
Term
Which of the following are primary strategy objectives? (Check all
that apply.)
strengthening relationships
controlling costs
creating value
maximizing sales
Give this one a try later!
exhibiting corporate citizenship shareholder impact analysis
controlling costs
value creation
creating value
Don't know?
4 of 40
Term
The Bright Bulb light bulb company produces a line of LED bulbs
that customers consider very similar to competitors' LED bulbs.
Which of the following conditions must be true for Bright Bulb to
have a competitive advantage?
The bulbs must have a lower cost than competitors' bulbs.
, The bulbs must be more expensive than competitors' offerings.
The bulbs must be on the market for a longer period of time than
competitors' bulbs.
The bulbs must be sold by online retailers only.
Give this one a try later!
The principles of strategic
The bulbs must have a lower
management can be applied
cost than competitors' bulbs.
universally to all organizations.
A firm's competitive advantage is It has a competitive advantage
always absolute, not relative. over the other firms.
Don't know?
5 of 40
Term
Why are black swan events such as accounting scandals and the
global financial crisis perceived as caused by cheap credit and
subprime mortgages offered by financial institutions, bad for
business?
They allow companies to gain a competitive advantage unfairly.
They erode the implicit trust between the corporate world and
society.
They contribute to competitive parity, which hinders economic
growth.
