Test Bank for Strategic Management Concepts and Cases Competitiveness and Globalization 14th Edition By Hitt, Ireland, Hoskisson, Harrison (All Chapters, 100% Original Verified, A+ Grade) Updated!!!!

Test Bank
for Strategic Management Concepts and Cases Competitiveness and Globalization 14t
Edition By Hitt, Ireland, Hoskisson, Harrison (All Chapters, 100% Original Verified,
A+ Grade)Updated!!!!!




***WICKY APLUS STUVIA***

,Test Bank for Strategic Management Concepts and Cases Competitiveness and Globalization 14e Michael
x x x x x x x x x x x x


Hitt, Duane Ireland, Robert Hoskisson, Jeffrey Harrison (All Chapters 100% Original Verified, A+ Grade)
x x x x x x x x x x x x x x



Chapter 01 - Strategic Management and Strategic Competitiveness
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True / False x x




1. The difference between average and above-average returns is that average returns are returns that an investor expects to
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earn from an investment as compared to other investments with similar stock prices, while above-average returns are in
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excess of expectations for similarly priced stocks.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness x x x x x x x


QUESTION TYPE: True / False x x x


HAS VARIABLES: x False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage,
x x x x x x x x x


above-average returns, and the strategic management process. x x x x x x x


NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
x x x x x x x x x x x


KEYWORDS: Bloom's: Analyze x


DATE CREATED: x 4/19/2023 5:02 PM x x



DATE MODIFIED: x 4/19/2023 5:02 PM x x




2. Particularly when assessing investments in new venture firms, the most effective, and often the only, way to measure
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the performance of the firms and determine their viability as an investment option is to examine financial metrics such
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as returns on assets, and sales.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness x x x x x x x


QUESTION TYPE: True / False x x x


HAS VARIABLES: x False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage,
x x x x x x x x x


above-average returns, and the strategic management process. x x x x x x x


NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
x x x x x x x x x x x


KEYWORDS: Bloom's: Analyze x


DATE CREATED: x 4/19/2023 5:02 PM x x


DATE MODIFIED: x 4/19/2023 5:02 PM x x




3. Examples of incremental innovations include iPads, Wi-Fi, and the web browser.
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a. True
b. False
ANSWER: False
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,POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2 The Competitive Landscape
x x x




Copyright xCengage xLearning. xPowered xby xCognero. Page x2

, QUESTION TYPE: True / False x x x


HAS VARIABLES:
x False
LEARNING OBJECTIVES: SM.HITT.24.01.02 - Describe the competitive landscape, and explain how globalization,
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technological changes, and expectations of socially responsible behavior shape it.x x x x x x x x x x


NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
x x x x x x x x x x x


KEYWORDS: Bloom's: Apply x


DATE CREATED: x 4/19/2023 5:02 PM x x


DATE MODIFIED: x 4/19/2023 5:02 PM x x




4. The I/O and resource-based models contain many of the same steps. One clear difference between the two models is
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the resource-based model starts by looking at the internal strengths and weaknesses of a firm, while the I/O model begins
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with an examination of the external environment. Another key difference is the resource-based model identifies an
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attractive industry much earlier in the process than does the I/O model.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-4 The Resource-Based Model of Above-Average Returns x x x x x x



QUESTION TYPE: True / False
x x x


HAS VARIABLES:
x False
LEARNING OBJECTIVES: SM.HITT.24.01.04 - Use the resource-based model to explain how firms can earn above-
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average returns. x x


NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
x x x x x x x x x x x


KEYWORDS: Bloom's: Analyze x


DATE CREATED: x 4/19/2023 5:02 PM x x



DATE MODIFIED: x 4/19/2023 5:02 PM x x




Multiple Choice x




5. What has a firm achieved when it successfully formulates and implements a value-creating strategy?
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a. Strategic competitiveness x


b. A permanently sustainable competitive advantage
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c. Substantial returns x


d. Legal and ethical core values x x x x



ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness x x x x x x x


QUESTION TYPE: Multiple Choice
x x


HAS VARIABLES:
x False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage,
x x x x x x x x x


above-average returns, and the strategic management process. x x x x x x x


NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
x x x x x x x x x x x


KEYWORDS: Bloom's: Understand x


DATE CREATED: x 4/19/2023 5:02 PM x x


DATE MODIFIED: x 5/17/2023 4:21 PM x x


Copyright xCengage xLearning. xPowered xby xCognero. Page x3