BUS485 MIDTERM STUDY GUIDE EXAM UPDATED QUESTIONS AND
ANSWERS
The new CEO of Opacity Enterprises is determined to make the long-established firm strategically
flexible. The CEO should understand that the task is not easy, largely because of inertia that can build up
over time.
a.
True
b.
False - CORRECT ANSWER✅✅True
New markets created by the technologies underlying the development of products such as iPods, iPads,
and Wi-Fi are a result of:
a.
disruptive technologies.
b.
global competition.
c.
knowledge intensity.
d.
hypercompetition. - CORRECT ANSWER✅✅disruptive technologies
85. Greenleaf Property Management has been earning below-average returns for the last three years.
Which of the following statements is true?
a.
Greenleaf will be able to satisfy its multiple stakeholders easily as long as the stakeholders are
committed to the strategic mission of the firm.
,b.
Greenleaf will be able to minimally satisfy the demands of each stakeholder.
c.
Greenleaf will need to prioritize the demands of its stakeholders based on the political influence each
wields.
d.
Greenleaf will not be able to minimally satisfy all stakeholders. - CORRECT ANSWER✅✅Greenleaf will
not be able to minimally satisfy all stakeholders.
A company competing in a single product market has:
a.
no business-level strategy and one corporate-level strategy.
b.
one business-level strategy and no corporate-level strategy.
c.
more than one business-level strategy.
d.
one business-level strategy and one corporate-level strategy. - CORRECT ANSWER✅✅one business-
level strategy and one corporate-level strategy.
When Delta Air Lines wants to study Continental Airlines, it must examine both Continental and its
complementor, Star Alliance.
a.
, True
b.
False - CORRECT ANSWER✅✅True
The use of the Internet by Netflix to collect data on customer preferences is an example of:
a.
assessing.
b.
monitoring.
c.
forecasting.
d.
scanning. - CORRECT ANSWER✅✅scanning
Which of the following would NOT be identified in an analysis of the economic portion of the general
environment?
a.
The willingness of Chrysler's buyers to purchase large vehicles in light of an increase in oil prices
b.
The ability of Ford to issue new debt in light of its recent financial performance
c.
ANSWERS
The new CEO of Opacity Enterprises is determined to make the long-established firm strategically
flexible. The CEO should understand that the task is not easy, largely because of inertia that can build up
over time.
a.
True
b.
False - CORRECT ANSWER✅✅True
New markets created by the technologies underlying the development of products such as iPods, iPads,
and Wi-Fi are a result of:
a.
disruptive technologies.
b.
global competition.
c.
knowledge intensity.
d.
hypercompetition. - CORRECT ANSWER✅✅disruptive technologies
85. Greenleaf Property Management has been earning below-average returns for the last three years.
Which of the following statements is true?
a.
Greenleaf will be able to satisfy its multiple stakeholders easily as long as the stakeholders are
committed to the strategic mission of the firm.
,b.
Greenleaf will be able to minimally satisfy the demands of each stakeholder.
c.
Greenleaf will need to prioritize the demands of its stakeholders based on the political influence each
wields.
d.
Greenleaf will not be able to minimally satisfy all stakeholders. - CORRECT ANSWER✅✅Greenleaf will
not be able to minimally satisfy all stakeholders.
A company competing in a single product market has:
a.
no business-level strategy and one corporate-level strategy.
b.
one business-level strategy and no corporate-level strategy.
c.
more than one business-level strategy.
d.
one business-level strategy and one corporate-level strategy. - CORRECT ANSWER✅✅one business-
level strategy and one corporate-level strategy.
When Delta Air Lines wants to study Continental Airlines, it must examine both Continental and its
complementor, Star Alliance.
a.
, True
b.
False - CORRECT ANSWER✅✅True
The use of the Internet by Netflix to collect data on customer preferences is an example of:
a.
assessing.
b.
monitoring.
c.
forecasting.
d.
scanning. - CORRECT ANSWER✅✅scanning
Which of the following would NOT be identified in an analysis of the economic portion of the general
environment?
a.
The willingness of Chrysler's buyers to purchase large vehicles in light of an increase in oil prices
b.
The ability of Ford to issue new debt in light of its recent financial performance
c.
