BUSI 690 ACTUAL TEST EXAM SCRIPT
SOLVED QUESTIONS 2026 GUARANTEED TO
PASS.
⫸ The 2001 collapse of Enron, resulting in one of the biggest
bankruptcies in U.S. history, demonstrates that: Answer: All of the
above
⫸ What is wrong with the following statement? "Intended strategies
tend to be generated from a bottom up approach." Answer: Intended
strategies are generated from a top down approach.
⫸ In Strategy Highlight 2.3, what type strategy is the store manager
of Starbucks using to develop new drinks for the stores? Answer: She
is using an emergent strategy process.
⫸ Understanding the Resource Allocation Process (RAP) will have
large effects on shaping a firm's realized strategy. Which of the
following is an example of such an allocation of resources? Answer:
Intel's rule to "maximize margin-per-wafer-start"
⫸ Applying a real options perspective to strategic decision making
allows for: Answer: Breaking investment decisions into smaller,
staged phases while obtaining new information about the project
viability as it continues.
, ⫸ Macro-environmental PESTEL analysis considers effects of forces
directly on: Answer: An entire industry
⫸ Globalization has led to increased entry barriers. Answer: False
⫸ All of the following are aspects of sociocultural factors
influencing industry attractiveness EXCEPT: Answer: Environmental
protection laws
⫸ Agriculture is generally considered a perfect competition industry
with largely commodity products. However there is an aspect of the
industry that can be classified as monopolistic competition with
differentiated products and price premiums. Which part of the
industry is it? Answer: Organic milk
⫸ A ____________ is created when the government believes the
product or service would not be supplied by the market under free
market conditions. Answer: Natural Monopoly
⫸ The objective of Porter's five forces model is to: Answer: Assess
the potential for profits within an industry
⫸ Exit barriers are obstacles that determine how easily a firm can
leave the industry. When exit barriers are high, what happens to
industry attractiveness? Answer: It decreases
SOLVED QUESTIONS 2026 GUARANTEED TO
PASS.
⫸ The 2001 collapse of Enron, resulting in one of the biggest
bankruptcies in U.S. history, demonstrates that: Answer: All of the
above
⫸ What is wrong with the following statement? "Intended strategies
tend to be generated from a bottom up approach." Answer: Intended
strategies are generated from a top down approach.
⫸ In Strategy Highlight 2.3, what type strategy is the store manager
of Starbucks using to develop new drinks for the stores? Answer: She
is using an emergent strategy process.
⫸ Understanding the Resource Allocation Process (RAP) will have
large effects on shaping a firm's realized strategy. Which of the
following is an example of such an allocation of resources? Answer:
Intel's rule to "maximize margin-per-wafer-start"
⫸ Applying a real options perspective to strategic decision making
allows for: Answer: Breaking investment decisions into smaller,
staged phases while obtaining new information about the project
viability as it continues.
, ⫸ Macro-environmental PESTEL analysis considers effects of forces
directly on: Answer: An entire industry
⫸ Globalization has led to increased entry barriers. Answer: False
⫸ All of the following are aspects of sociocultural factors
influencing industry attractiveness EXCEPT: Answer: Environmental
protection laws
⫸ Agriculture is generally considered a perfect competition industry
with largely commodity products. However there is an aspect of the
industry that can be classified as monopolistic competition with
differentiated products and price premiums. Which part of the
industry is it? Answer: Organic milk
⫸ A ____________ is created when the government believes the
product or service would not be supplied by the market under free
market conditions. Answer: Natural Monopoly
⫸ The objective of Porter's five forces model is to: Answer: Assess
the potential for profits within an industry
⫸ Exit barriers are obstacles that determine how easily a firm can
leave the industry. When exit barriers are high, what happens to
industry attractiveness? Answer: It decreases
