MBA 705 LSUS McLaughlin Exam 1 Questions
and Answers (2026/2027) | Updated Review |
A+ Verified
• Blockholders -✓✓Large shareholders who monitor firm strategies to ensure
effective management.
• business model -✓✓The economic mechanism by which a business hopes to sell
its goods or services and generate a profit.
• CEO duality -✓✓A situation in which an individual holds both the CEO and
chair of the board title
• competitive advantage -✓✓A state whereby a business unit's successful strategies
cannot
be easily duplicated by its competitors.
• comparative advantage -✓✓The idea that certain products may be produced more
cheaply or at a higher quality in particular countries due to advantages in labor
costs or technology.
• Contingency Theory -✓✓A view that states the most profitable firms are likely to
be the ones that develop the best fit with their environment.
• Corporate Governance -✓✓The board of directors, institutional investors, and
blockholders who monitor firm strategies to ensure managerial responsiveness.
, • distinctive competence -✓✓Unique resources, skills, and capabilities that enable
a firm to
distinguish itself from its competitors and create competitive advantage.
• hedge fund -✓✓An investment fund open to only a small number of investors but
permitted by regulators to undertake riskier and more speculative investments
• Industrial Organization (IO): -✓✓A view based in microeconomic theory that
states firm
profitability is most closely associated with industry structure.
• Intended Strategy: -✓✓The original strategy top management plans and intends
to implement.
• mission -✓✓The reason for an organization's existence. The mission statement is
a broadly defined but enduring statement of purpose that identifies the scope of an
organization's operations and its offerings to affected groups (i.e., stakeholders, as
defined later in the book).
• Realized Strategy -✓✓the strategy that actually takes place
• Resource-Based Theory -✓✓The perspective that views performance primarily as
a function of a firm's ability to utilize its resources.
• Sarbanes-Oxley Act of 2002 -✓✓created more detailed reporting
requirements for boards and executives in public U.S. companies and accounting
firms
and Answers (2026/2027) | Updated Review |
A+ Verified
• Blockholders -✓✓Large shareholders who monitor firm strategies to ensure
effective management.
• business model -✓✓The economic mechanism by which a business hopes to sell
its goods or services and generate a profit.
• CEO duality -✓✓A situation in which an individual holds both the CEO and
chair of the board title
• competitive advantage -✓✓A state whereby a business unit's successful strategies
cannot
be easily duplicated by its competitors.
• comparative advantage -✓✓The idea that certain products may be produced more
cheaply or at a higher quality in particular countries due to advantages in labor
costs or technology.
• Contingency Theory -✓✓A view that states the most profitable firms are likely to
be the ones that develop the best fit with their environment.
• Corporate Governance -✓✓The board of directors, institutional investors, and
blockholders who monitor firm strategies to ensure managerial responsiveness.
, • distinctive competence -✓✓Unique resources, skills, and capabilities that enable
a firm to
distinguish itself from its competitors and create competitive advantage.
• hedge fund -✓✓An investment fund open to only a small number of investors but
permitted by regulators to undertake riskier and more speculative investments
• Industrial Organization (IO): -✓✓A view based in microeconomic theory that
states firm
profitability is most closely associated with industry structure.
• Intended Strategy: -✓✓The original strategy top management plans and intends
to implement.
• mission -✓✓The reason for an organization's existence. The mission statement is
a broadly defined but enduring statement of purpose that identifies the scope of an
organization's operations and its offerings to affected groups (i.e., stakeholders, as
defined later in the book).
• Realized Strategy -✓✓the strategy that actually takes place
• Resource-Based Theory -✓✓The perspective that views performance primarily as
a function of a firm's ability to utilize its resources.
• Sarbanes-Oxley Act of 2002 -✓✓created more detailed reporting
requirements for boards and executives in public U.S. companies and accounting
firms
