Management 3300 QUESTIONS WITH ANSWER
GUARANTEE A+ 2025/2026
________________ is/are helping to fuel the current age of fast-
growth technology entrepreneurship. This technology means that
a startup can rent the computing resources one previously had to
buy at great expense
A. Crowdsourcing
B. Cloud computing
C. The Internet of Things
D. App Stores
E. Consignment - B. Cloud computing
The rise of open source software has lowered computing costs for
startup and blue chip companies worldwide
A. True
B. False - A. True
The _____ is a piece of U.S. legislation that raises executive and
board responsibility and ties criminal penalties to certain
accounting and financial violations.
A. Dodd-Frank Act
B. Fair Labor Standards Act
C. Sherman Antitrust Act
D. Norris-LaGaurdia Act
E. Sarbanes-Oxley Act - E. Sarbanes-Oxley Act
Founders should be wary of crowdfunding sites like Kickstarter,
because these efforts require founders to give up large ownership
stakes to a large number of contributors before they can raise
funds to bring products to market.
A. True
B. False - B. False
,Based on the in-class Excel demonstration, which function was
used to merge data residing in separate columns into a single
column?
A. VLOOKUP
B. Concatenate
C. HLOOKUP
D. Text to Columns
E. Pivot Tables - B. Concatenate
Based on the Chapter 1 video/discussion on 3D printing, which of
the following was NOT mentioned as a benefit of 3D printing:
A. Lower transportation costs
B. Manufacturing job increases
C. Faster production times
D. Greater product quality and customization
E. All of these were mentioned as benefits - B. Manufacturing job
increases
Technology experts in the area of process design:
A. Work to make sure systems are easy to use
B. Leverage technology to make firms more efficient
C. Specialize in technology to make firms more efficient
D. Focus on systems dealing with critical business data
E. Provide direction on technology-related security issues - B.
Leverage technology to make firms more efficient
One contributor to the ease with which young entrepreneurs can
have success is low-cost distribution to massive markets
worldwide. This is enabled by:
A. legacy systems
B. Big data and business analytics
C. Esoko and M-Pesa
D. App Stores
E. Sproxil - D. App Stores
,Many firms choose not to implement operational components of
commercially available ERP software and instead elect to create
their own propriety solutions in part because they see their
uniqueness in certain operations areas as key to creating difficult-
to-imitate competitive advantages.
A. True
B. False - A. True
Which of the following statements about technology is true?
A. Technology alone is enough to provide sustainable competitive
advantage to a firm
B. Technology plays a marginal role in creating strategic
differences
C. Technological improvements can often be copied by rivals,
leading to a profit-eroding arms race
D. Technology cannot be used by late entrants to gain a share of
the industry
E. None of these are true - C. Technological improvements can
often be copied by rivals, leading to a profit-eroding arms race
The resource-based view of competitive advantage states that for
a firm to maintain sustainable competitive advantage it must
control a set of exploitable resources that have four critical
characteristics. What are these characteristics?
A. Inventory turns, high margins, long account payable periods,
brand building relationships
B. Rareness, value, imperfect imitability, non substitutability
C. Operational effectiveness, strategic positioning, scale,
distribution channels
D. A website, an app, cloud-based systems, a savvy technology
staff
E. Low margin, high delivery, infrastructure, customizable - B.
Rareness, value, imperfect imitability, non substitutability
, Netscape, which once controlled more than 80 percent of the
market share in Web browsers, lost its dominant position when
customers migrated to Internet Explorer, Microsoft's Web
browser. Internet Explorer was easy to install and had no
significant differences in terms of usability. This example serves
to illustrate that:
A. Fast-following smaller firms are always ready with newer and
possibly superior products
B. Customers of technology companies are becoming
increasingly savvy and more demanding
C. The open source nature of technology ensures that no firm can
expect to monopolize a market
D. Firms need to employ increasingly stringent intellectual
property norms to guard against infringements from smaller,
competitive rivals
E. Firms with low switching costs can sometimes be rapidly
overtaken by strong rivals with additional competitive advantages
- E. Firms with low switching costs can sometimes be rapidly
overtaken by strong rivals with additional competitive advantages
Apple's dominance of smartphone and tablet markets has allowed
the firm to lock up 60percent of the world's supply of advanced
touch-screen displays, and to do so with better pricing than would
be available to smaller rivals. This is an example of:
A. Network externalities that make Apple valuable
B. High switching costs for suppliers
C. Vertical integration
D. high bargaining power with its suppliers
E. Disintermediation - D. high bargaining power with its suppliers
Which of the following is NOT a component of switching costs?
A. Learning costs
B. Information and data
C. Contract buyouts
D. Loyalty programs
GUARANTEE A+ 2025/2026
________________ is/are helping to fuel the current age of fast-
growth technology entrepreneurship. This technology means that
a startup can rent the computing resources one previously had to
buy at great expense
A. Crowdsourcing
B. Cloud computing
C. The Internet of Things
D. App Stores
E. Consignment - B. Cloud computing
The rise of open source software has lowered computing costs for
startup and blue chip companies worldwide
A. True
B. False - A. True
The _____ is a piece of U.S. legislation that raises executive and
board responsibility and ties criminal penalties to certain
accounting and financial violations.
A. Dodd-Frank Act
B. Fair Labor Standards Act
C. Sherman Antitrust Act
D. Norris-LaGaurdia Act
E. Sarbanes-Oxley Act - E. Sarbanes-Oxley Act
Founders should be wary of crowdfunding sites like Kickstarter,
because these efforts require founders to give up large ownership
stakes to a large number of contributors before they can raise
funds to bring products to market.
A. True
B. False - B. False
,Based on the in-class Excel demonstration, which function was
used to merge data residing in separate columns into a single
column?
A. VLOOKUP
B. Concatenate
C. HLOOKUP
D. Text to Columns
E. Pivot Tables - B. Concatenate
Based on the Chapter 1 video/discussion on 3D printing, which of
the following was NOT mentioned as a benefit of 3D printing:
A. Lower transportation costs
B. Manufacturing job increases
C. Faster production times
D. Greater product quality and customization
E. All of these were mentioned as benefits - B. Manufacturing job
increases
Technology experts in the area of process design:
A. Work to make sure systems are easy to use
B. Leverage technology to make firms more efficient
C. Specialize in technology to make firms more efficient
D. Focus on systems dealing with critical business data
E. Provide direction on technology-related security issues - B.
Leverage technology to make firms more efficient
One contributor to the ease with which young entrepreneurs can
have success is low-cost distribution to massive markets
worldwide. This is enabled by:
A. legacy systems
B. Big data and business analytics
C. Esoko and M-Pesa
D. App Stores
E. Sproxil - D. App Stores
,Many firms choose not to implement operational components of
commercially available ERP software and instead elect to create
their own propriety solutions in part because they see their
uniqueness in certain operations areas as key to creating difficult-
to-imitate competitive advantages.
A. True
B. False - A. True
Which of the following statements about technology is true?
A. Technology alone is enough to provide sustainable competitive
advantage to a firm
B. Technology plays a marginal role in creating strategic
differences
C. Technological improvements can often be copied by rivals,
leading to a profit-eroding arms race
D. Technology cannot be used by late entrants to gain a share of
the industry
E. None of these are true - C. Technological improvements can
often be copied by rivals, leading to a profit-eroding arms race
The resource-based view of competitive advantage states that for
a firm to maintain sustainable competitive advantage it must
control a set of exploitable resources that have four critical
characteristics. What are these characteristics?
A. Inventory turns, high margins, long account payable periods,
brand building relationships
B. Rareness, value, imperfect imitability, non substitutability
C. Operational effectiveness, strategic positioning, scale,
distribution channels
D. A website, an app, cloud-based systems, a savvy technology
staff
E. Low margin, high delivery, infrastructure, customizable - B.
Rareness, value, imperfect imitability, non substitutability
, Netscape, which once controlled more than 80 percent of the
market share in Web browsers, lost its dominant position when
customers migrated to Internet Explorer, Microsoft's Web
browser. Internet Explorer was easy to install and had no
significant differences in terms of usability. This example serves
to illustrate that:
A. Fast-following smaller firms are always ready with newer and
possibly superior products
B. Customers of technology companies are becoming
increasingly savvy and more demanding
C. The open source nature of technology ensures that no firm can
expect to monopolize a market
D. Firms need to employ increasingly stringent intellectual
property norms to guard against infringements from smaller,
competitive rivals
E. Firms with low switching costs can sometimes be rapidly
overtaken by strong rivals with additional competitive advantages
- E. Firms with low switching costs can sometimes be rapidly
overtaken by strong rivals with additional competitive advantages
Apple's dominance of smartphone and tablet markets has allowed
the firm to lock up 60percent of the world's supply of advanced
touch-screen displays, and to do so with better pricing than would
be available to smaller rivals. This is an example of:
A. Network externalities that make Apple valuable
B. High switching costs for suppliers
C. Vertical integration
D. high bargaining power with its suppliers
E. Disintermediation - D. high bargaining power with its suppliers
Which of the following is NOT a component of switching costs?
A. Learning costs
B. Information and data
C. Contract buyouts
D. Loyalty programs
