MBA 703 GHERFAL MIDTERM COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED (A+ PASS)
Sarbanes-Oxley Act Ans✓✓✓ Federal legislation passed in 2002 that
sets higher ethical standards for public corporations and accounting
firms. Key provisions limit conflict-of-interest issues and require
financial officers and CEOs to certify the validity of their financial
statements.
Technology is impacting every major business discipline including?
Ans✓✓✓ finance, accounting, marketing, operations, human resources,
and the law.
sustainable competitive advantage Ans✓✓✓ financial performance that
consistently outperforms their industry peers
Operational effectiveness Ans✓✓✓ refers to performing the same tasks
better than rivals perform them
fast follower problem Ans✓✓✓ exists when savvy rivals watch a
pioneer's efforts, learn from their successes and missteps, then enter the
market quickly with a comparable or superior product at a lower cost
strategic positioning Ans✓✓✓ refers to performing different activities
from those of rivals, or the same activities in a different way.
,Inventory Turns Ans✓✓✓ The number of times inventory is sold or
used during a specific period (such as a year or quarter). A higher figure
means a firm is selling products quickly.
what are the 4 characteristics of the resource-based view of competitive
advantage Ans✓✓✓ (1) valuable, (2) rare, (3) imperfectly imitable
(tough to imitate), and (4) non-substitutable
dense wave division multiplexing (DWDM) Ans✓✓✓ a technology that
enabled existing fiber to carry more transmissions than ever before
imitation-resistant value chain Ans✓✓✓ a way of doing business that
others will struggle to replicate, and in nearly every successful effort of
this kind, technology plays a key enabling role. The value chain is the
set of interrelated activities that bring products or services to market
Inbound logistics Ans✓✓✓ the part of the primary value chain that
involves getting needed materials and other inputs into the firm from
suppliers
Operations Ans✓✓✓ the part of the primary value chain that involves
turning inputs into products or services
, Outbound logistics Ans✓✓✓ the part of the primary value chain that
involves delivering products or services to consumers, distribution
centers, retailers, or other partners
Marketing and sales Ans✓✓✓ the part of the primary value chain that
involves customer engagement, pricing, promotion, and transaction
Support Ans✓✓✓ the part of the primary value chain that involves
service, maintenance, and customer support
Firm infrastructure Ans✓✓✓ the part of the secondary value chain that
involves functions that support the whole firm, including general
management, planning, IS, and finance
Human resource management Ans✓✓✓ the part of the secondary value
chain that involves recruiting, hiring, training, and development
Technology / research and development Ans✓✓✓ the part of the
secondary value chain that involves new product and process design
Procurement Ans✓✓✓ the part of the secondary value chain that
involves sourcing and purchasing functions
QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED (A+ PASS)
Sarbanes-Oxley Act Ans✓✓✓ Federal legislation passed in 2002 that
sets higher ethical standards for public corporations and accounting
firms. Key provisions limit conflict-of-interest issues and require
financial officers and CEOs to certify the validity of their financial
statements.
Technology is impacting every major business discipline including?
Ans✓✓✓ finance, accounting, marketing, operations, human resources,
and the law.
sustainable competitive advantage Ans✓✓✓ financial performance that
consistently outperforms their industry peers
Operational effectiveness Ans✓✓✓ refers to performing the same tasks
better than rivals perform them
fast follower problem Ans✓✓✓ exists when savvy rivals watch a
pioneer's efforts, learn from their successes and missteps, then enter the
market quickly with a comparable or superior product at a lower cost
strategic positioning Ans✓✓✓ refers to performing different activities
from those of rivals, or the same activities in a different way.
,Inventory Turns Ans✓✓✓ The number of times inventory is sold or
used during a specific period (such as a year or quarter). A higher figure
means a firm is selling products quickly.
what are the 4 characteristics of the resource-based view of competitive
advantage Ans✓✓✓ (1) valuable, (2) rare, (3) imperfectly imitable
(tough to imitate), and (4) non-substitutable
dense wave division multiplexing (DWDM) Ans✓✓✓ a technology that
enabled existing fiber to carry more transmissions than ever before
imitation-resistant value chain Ans✓✓✓ a way of doing business that
others will struggle to replicate, and in nearly every successful effort of
this kind, technology plays a key enabling role. The value chain is the
set of interrelated activities that bring products or services to market
Inbound logistics Ans✓✓✓ the part of the primary value chain that
involves getting needed materials and other inputs into the firm from
suppliers
Operations Ans✓✓✓ the part of the primary value chain that involves
turning inputs into products or services
, Outbound logistics Ans✓✓✓ the part of the primary value chain that
involves delivering products or services to consumers, distribution
centers, retailers, or other partners
Marketing and sales Ans✓✓✓ the part of the primary value chain that
involves customer engagement, pricing, promotion, and transaction
Support Ans✓✓✓ the part of the primary value chain that involves
service, maintenance, and customer support
Firm infrastructure Ans✓✓✓ the part of the secondary value chain that
involves functions that support the whole firm, including general
management, planning, IS, and finance
Human resource management Ans✓✓✓ the part of the secondary value
chain that involves recruiting, hiring, training, and development
Technology / research and development Ans✓✓✓ the part of the
secondary value chain that involves new product and process design
Procurement Ans✓✓✓ the part of the secondary value chain that
involves sourcing and purchasing functions
