Strategic Mgmt EXAM QUESTIONS WITH CORRECT MARKING SCHEME |
VERIFIED A+ PASS
Study online at https://quizlet.com/_i5c7oc
1. According to the external control view of leadership, which of the following
factors would not be considered an external factor that might positively or
negatively affect a firm's success?
A) economic downturns
B) governmental legislation
C) outbreak of war
D) company employee morale: D) company employee morale
2. An executive states that HR must be a true partner of the business, with a
deep and up-to-date understanding of business realities and objectives, and
must ensure HR initiatives fully support them at all points of the values chain.
This is an example of?
A)interrelationships among firms
B)relationships among activities within the firm and with other stakeholders
C)relationships between firms
D)interrelationships among activities within the firm: D)interrelationships among activities
within the firm
3. Ambidextrous behaviors in individuals illustrate how a dual capacity for
_______ can be woven into the fabric of an organization at the individual level.
A. alignment and adaptability
B. alignment and transparency
C. alignment and internal linkages
D. alignment and efficiency: D. alignment and efficiency
4. Indochino is a retailer of male clothing that sells custom-made suits online
and in brick-and-mortar stores. They use ________ operations to outcompete
traditional retailers.
A)Traditional
B)Unscaled
1/8
, Strategic Mgmt EXAM QUESTIONS WITH CORRECT MARKING SCHEME |
VERIFIED A+ PASS
Study online at https://quizlet.com/_i5c7oc
C)Scaled
D)Reverse: C)Scaled
5. A resource is valuable and rare but neither difficult to imitate not without
substitutes. This should enable the firm to attain: A temporary competitive advantage
6. IP is characterized by __________ development costs and very ______ marginal
costs.
A. insignificant; low
B. expensive; high
C. significant; low
D. insignificant; high: C. significant; low
7. Firms that use AI to produce improved predictions and evaluations with the
direct intervention of a human programmer or statistician have a high degree
of sustainability because the combine aspects of ________ and ________ that make
it difficult to imitate their resource bases.
A) path dependence, efficient procedures
B) casual ambiguity, efficient procedures
C) path dependence, social complexity
D) casual ambiguity, equivalent strategic capabilities: C) path dependence, social complexity
8. It is anticipated that the worldwide shortage of highly skilled, college-educat-
ed workers will increase significantly by 2020, according to research by McKin-
sey Global Institute. Some companies are going as far as to redefine the jobs
of their experts and are transferring some of their tasks to lower-skilled people
inside and outside of their companies. By redefining these ________ knowledge
jobs, they address ________ shortages and ________ costs while enhancing job
satisfaction.
A. high-value; skill; lower
B. high-value; personnel; increase
2/8
VERIFIED A+ PASS
Study online at https://quizlet.com/_i5c7oc
1. According to the external control view of leadership, which of the following
factors would not be considered an external factor that might positively or
negatively affect a firm's success?
A) economic downturns
B) governmental legislation
C) outbreak of war
D) company employee morale: D) company employee morale
2. An executive states that HR must be a true partner of the business, with a
deep and up-to-date understanding of business realities and objectives, and
must ensure HR initiatives fully support them at all points of the values chain.
This is an example of?
A)interrelationships among firms
B)relationships among activities within the firm and with other stakeholders
C)relationships between firms
D)interrelationships among activities within the firm: D)interrelationships among activities
within the firm
3. Ambidextrous behaviors in individuals illustrate how a dual capacity for
_______ can be woven into the fabric of an organization at the individual level.
A. alignment and adaptability
B. alignment and transparency
C. alignment and internal linkages
D. alignment and efficiency: D. alignment and efficiency
4. Indochino is a retailer of male clothing that sells custom-made suits online
and in brick-and-mortar stores. They use ________ operations to outcompete
traditional retailers.
A)Traditional
B)Unscaled
1/8
, Strategic Mgmt EXAM QUESTIONS WITH CORRECT MARKING SCHEME |
VERIFIED A+ PASS
Study online at https://quizlet.com/_i5c7oc
C)Scaled
D)Reverse: C)Scaled
5. A resource is valuable and rare but neither difficult to imitate not without
substitutes. This should enable the firm to attain: A temporary competitive advantage
6. IP is characterized by __________ development costs and very ______ marginal
costs.
A. insignificant; low
B. expensive; high
C. significant; low
D. insignificant; high: C. significant; low
7. Firms that use AI to produce improved predictions and evaluations with the
direct intervention of a human programmer or statistician have a high degree
of sustainability because the combine aspects of ________ and ________ that make
it difficult to imitate their resource bases.
A) path dependence, efficient procedures
B) casual ambiguity, efficient procedures
C) path dependence, social complexity
D) casual ambiguity, equivalent strategic capabilities: C) path dependence, social complexity
8. It is anticipated that the worldwide shortage of highly skilled, college-educat-
ed workers will increase significantly by 2020, according to research by McKin-
sey Global Institute. Some companies are going as far as to redefine the jobs
of their experts and are transferring some of their tasks to lower-skilled people
inside and outside of their companies. By redefining these ________ knowledge
jobs, they address ________ shortages and ________ costs while enhancing job
satisfaction.
A. high-value; skill; lower
B. high-value; personnel; increase
2/8
