Test Bank All Chapters Arranged Reverse: 14-1
Test Bank to accompany Dyer: Strategic Management 4th Edition
Package Title: Chapter 14, Testbank
Course Title: Dyer, Strategic Management 4th Edition
Chapter Number 14: Strategy and Society
Question type: Multiple Choice
1) Peter, the founder of MilkWorld Inc., started his dairy company with the intent of creating a
formidable supply-chain link and providing a lucrative source of income for the local dairy
farmers in his country. Peter is most likely to be considered a(n) _________.
a) venture capitalist
b) investment manager
c) social entrepreneur
d) angel investor
Answer: c
Difficulty: Hard
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Application
Standard 1: AACSB || Analytic
2) James started a restaurant chain, Foodizza Inc., and specifically hired unemployed youth from
the ghettos in the vicinity of his restaurants, thereby providing them with means of livelihood.
James is most likely to be considered a(n) _________.
a) investment manager
b) angel investor
c) venture capitalist
d) social entrepreneur
Answer: d
Difficulty: Hard
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Application
Standard 1: AACSB || Analytic
.
,Test Bank to accompany Dyer: Strategic Management 4th Edition
3) Jason, a visually impaired employee of Melony Inc., believes that his workplace has given
him independence and self-confidence, thereby increasing his morale. Which of the following
has been exemplified by Melony in this scenario?
a) Legal responsibility
b) Social value
c) Superordinate goal
d) Capacity building
Answer: b
Difficulty: Hard
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Application
Standard 1: AACSB || Analytic
4) Stacy starts a day care center and hires unemployed mothers from poor economic backgrounds
as babysitters. In this scenario, Stacy’s initiative is most likely to be creating _________.
a) institutional change
b) shared values
c) economic responsibility
d) joint ventures
Answer: b
Difficulty: Hard
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Application
Standard 1: AACSB || Analytic
5) Which of the following social responsibilities implies that a firm has an obligation to give
back in some way and contribute to strengthening the fabric of its local communities, as well as
the larger society?
a) Legal responsibility
b) Philanthropic responsibility
c) Ethical responsibility
d) Economic responsibility
Answer: b
.
,Test Bank to accompany Dyer: Strategic Management 4th Edition
Difficulty: Easy
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Knowledge
Standard 1: AACSB || Analytic
6) Which of the following statements is true of shared values?
a) Profit and social welfare are substitutes that managers must trade off to create shared values.
b) Shared values entail transferring the ability to effectively perform tasks from one organization
to another.
c) Shared values focus on the improvement of both the economic and social welfare of a firm.
d) Shared values focus solely on the income and wealth outcomes of an organization.
Answer: c
Difficulty: Medium
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Comprehension
Standard 1: AACSB || Analytic
7) Gama Inc., a cell phone manufacturer, procures lithium batteries from Zipcharge Inc. These
batteries are used in the smart phones manufactured by Gama. In the context of the value net
model, Gama is most likely to be considered a _________.
a) supplier
b) competitor
c) principal
d) customer
Answer: d
Difficulty: Hard
Section Reference 2: The Tools of Strategy and the Creation of Social Value
Learning Objective 2: Use the value net to identify a social-value organization’s key stakeholders
and use that model to discuss opportunities for and threats to value creation.
Bloomcode: Application
Standard 1: AACSB || Analytic
8) John purchases a laptop from an electronics store for his own use without any intention to
resell it. In the context of the value net model, John’s purchase intention reflects that of a
_________.
.
, Test Bank to accompany Dyer: Strategic Management 4th Edition
a) complementor
b) customer
c) strategic supplier
d) competitor
Answer: b
Difficulty: Hard
Section Reference 2: The Tools of Strategy and the Creation of Social Value
Learning Objective 2: Use the value net to identify a social-value organization’s key stakeholders
and use that model to discuss opportunities for and threats to value creation.
Bloomcode: Application
Standard 1: AACSB || Analytic
9) Tim buys a new car to gift his son for his birthday. In the context of the value net model, Tim
is most likely to be considered a ________.
a) competitor
b) customer
c) strategic supplier
d) complementor
Answer: b
Difficulty: Hard
Section Reference 2: The Tools of Strategy and the Creation of Social Value
Learning Objective 2: Use the value net to identify a social-value organization’s key stakeholders
and use that model to discuss opportunities for and threats to value creation.
Bloomcode: Application
Standard 1: AACSB || Analytic
10) Emily works as a consultant in a firm that provides consulting and business solutions to
global organizations to enhance their productivity and drive corporate performance and value. In
the context of the value net model, Emily’s firm is most likely to be considered a _________.
a) competitor
b) principal investor
c) supplier
d) customer
Answer: c
Difficulty: Hard
.
Test Bank to accompany Dyer: Strategic Management 4th Edition
Package Title: Chapter 14, Testbank
Course Title: Dyer, Strategic Management 4th Edition
Chapter Number 14: Strategy and Society
Question type: Multiple Choice
1) Peter, the founder of MilkWorld Inc., started his dairy company with the intent of creating a
formidable supply-chain link and providing a lucrative source of income for the local dairy
farmers in his country. Peter is most likely to be considered a(n) _________.
a) venture capitalist
b) investment manager
c) social entrepreneur
d) angel investor
Answer: c
Difficulty: Hard
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Application
Standard 1: AACSB || Analytic
2) James started a restaurant chain, Foodizza Inc., and specifically hired unemployed youth from
the ghettos in the vicinity of his restaurants, thereby providing them with means of livelihood.
James is most likely to be considered a(n) _________.
a) investment manager
b) angel investor
c) venture capitalist
d) social entrepreneur
Answer: d
Difficulty: Hard
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Application
Standard 1: AACSB || Analytic
.
,Test Bank to accompany Dyer: Strategic Management 4th Edition
3) Jason, a visually impaired employee of Melony Inc., believes that his workplace has given
him independence and self-confidence, thereby increasing his morale. Which of the following
has been exemplified by Melony in this scenario?
a) Legal responsibility
b) Social value
c) Superordinate goal
d) Capacity building
Answer: b
Difficulty: Hard
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Application
Standard 1: AACSB || Analytic
4) Stacy starts a day care center and hires unemployed mothers from poor economic backgrounds
as babysitters. In this scenario, Stacy’s initiative is most likely to be creating _________.
a) institutional change
b) shared values
c) economic responsibility
d) joint ventures
Answer: b
Difficulty: Hard
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Application
Standard 1: AACSB || Analytic
5) Which of the following social responsibilities implies that a firm has an obligation to give
back in some way and contribute to strengthening the fabric of its local communities, as well as
the larger society?
a) Legal responsibility
b) Philanthropic responsibility
c) Ethical responsibility
d) Economic responsibility
Answer: b
.
,Test Bank to accompany Dyer: Strategic Management 4th Edition
Difficulty: Easy
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Knowledge
Standard 1: AACSB || Analytic
6) Which of the following statements is true of shared values?
a) Profit and social welfare are substitutes that managers must trade off to create shared values.
b) Shared values entail transferring the ability to effectively perform tasks from one organization
to another.
c) Shared values focus on the improvement of both the economic and social welfare of a firm.
d) Shared values focus solely on the income and wealth outcomes of an organization.
Answer: c
Difficulty: Medium
Section Reference 1: Strategy and Social-Value Organizations
Learning Objective 1: Explain the difference between economic and social value.
Bloomcode: Comprehension
Standard 1: AACSB || Analytic
7) Gama Inc., a cell phone manufacturer, procures lithium batteries from Zipcharge Inc. These
batteries are used in the smart phones manufactured by Gama. In the context of the value net
model, Gama is most likely to be considered a _________.
a) supplier
b) competitor
c) principal
d) customer
Answer: d
Difficulty: Hard
Section Reference 2: The Tools of Strategy and the Creation of Social Value
Learning Objective 2: Use the value net to identify a social-value organization’s key stakeholders
and use that model to discuss opportunities for and threats to value creation.
Bloomcode: Application
Standard 1: AACSB || Analytic
8) John purchases a laptop from an electronics store for his own use without any intention to
resell it. In the context of the value net model, John’s purchase intention reflects that of a
_________.
.
, Test Bank to accompany Dyer: Strategic Management 4th Edition
a) complementor
b) customer
c) strategic supplier
d) competitor
Answer: b
Difficulty: Hard
Section Reference 2: The Tools of Strategy and the Creation of Social Value
Learning Objective 2: Use the value net to identify a social-value organization’s key stakeholders
and use that model to discuss opportunities for and threats to value creation.
Bloomcode: Application
Standard 1: AACSB || Analytic
9) Tim buys a new car to gift his son for his birthday. In the context of the value net model, Tim
is most likely to be considered a ________.
a) competitor
b) customer
c) strategic supplier
d) complementor
Answer: b
Difficulty: Hard
Section Reference 2: The Tools of Strategy and the Creation of Social Value
Learning Objective 2: Use the value net to identify a social-value organization’s key stakeholders
and use that model to discuss opportunities for and threats to value creation.
Bloomcode: Application
Standard 1: AACSB || Analytic
10) Emily works as a consultant in a firm that provides consulting and business solutions to
global organizations to enhance their productivity and drive corporate performance and value. In
the context of the value net model, Emily’s firm is most likely to be considered a _________.
a) competitor
b) principal investor
c) supplier
d) customer
Answer: c
Difficulty: Hard
.
