WPC470 QUESTIONS & ANSWERS
T or F: Strategy is the art and science of planning and marshalling resources for the
most efficient and effective use in achieving a significant outcome - Answer -True
Classifying and connecting with stakeholders is 'mission critical' in strategy formation.
Which of the following is an example of how stakeholders can be grouped? - Answer -
All of the above
They are:
-Salience model-complex and dynamic
-By relationships such as supplier, customer, etc.
-By evaluating influence and interest
T or F: One of the cornerstones of the vision of the 'new American University' in
inclusion and not exclusion. - Answer -True
The primary difference between ASU and traditional universities from the past is: -
Answer -Traditional US universities focus on improved rankings by limiting who they
accept
A firm's _____ relates to its ability to create value for customers (V) while containing the
cost to do so (C). - Answer -Strategic Position
In the aircraft manufacturing industry, at least for large commercial jets, Boeing and
Airbus are the only competitors. There is not a significant threat of entry because -
Answer -Entering the aircraft manufacturing industry requires huge capital investments
T or F: Economic value is the difference between the perceived benefits gained by the
purchasers and the economic costs to the enterprise. - Answer -True
What is the key assumption behind an internal analysis? - Answer -All of the above
They are:
-To make profit
-To create value for customers
-To leverage resources to gain competitive advantage
FedEx and United Postal Service compete in many of the same markets and have
similar types of truck and airplane fleets, similar levels of financial capital, and other
similarities. These tangible and intangible resources between the two firms describes
the: - Answer -Resource similarity
A firm that responds to the first mover's competitive action, typically though imitation, is
called a: - Answer -second mover
T or F: Strategy is the art and science of planning and marshalling resources for the
most efficient and effective use in achieving a significant outcome - Answer -True
Classifying and connecting with stakeholders is 'mission critical' in strategy formation.
Which of the following is an example of how stakeholders can be grouped? - Answer -
All of the above
They are:
-Salience model-complex and dynamic
-By relationships such as supplier, customer, etc.
-By evaluating influence and interest
T or F: One of the cornerstones of the vision of the 'new American University' in
inclusion and not exclusion. - Answer -True
The primary difference between ASU and traditional universities from the past is: -
Answer -Traditional US universities focus on improved rankings by limiting who they
accept
A firm's _____ relates to its ability to create value for customers (V) while containing the
cost to do so (C). - Answer -Strategic Position
In the aircraft manufacturing industry, at least for large commercial jets, Boeing and
Airbus are the only competitors. There is not a significant threat of entry because -
Answer -Entering the aircraft manufacturing industry requires huge capital investments
T or F: Economic value is the difference between the perceived benefits gained by the
purchasers and the economic costs to the enterprise. - Answer -True
What is the key assumption behind an internal analysis? - Answer -All of the above
They are:
-To make profit
-To create value for customers
-To leverage resources to gain competitive advantage
FedEx and United Postal Service compete in many of the same markets and have
similar types of truck and airplane fleets, similar levels of financial capital, and other
similarities. These tangible and intangible resources between the two firms describes
the: - Answer -Resource similarity
A firm that responds to the first mover's competitive action, typically though imitation, is
called a: - Answer -second mover
