MBA 705 LSUS MCLAUGHLIN EXAM 1 NEWEST
ACTUAL EXAM COMPLETE QUESTIONS AND
VERIFIED ANSWERS GRADED A+
Which of the following is not a characteristic of strategic decisions?
| | | | | | | | | |
A. They are long term in nature. | | | | |
B. They involve choices. | |
C. They do not involve trade-offs.
| | | |
D. All of the above are characteristics of strategic decisions.
| | | | | | | | - | ✔✔✔
|Correct
Answer | >
D
|
Strategic decisions are based on a systematic, comprehensive analysis
| | | | | | | |
of internal attributes and factors external to the organization. They are
| | | | | | | | | | |
long term and future-oriented. They also involve choices. Although
| | | | | | | | |
making win-win strategic decisions is often possible, most involve some
| | | | | | | | | |
degree of trade-off between alternatives—at least in the short run
| | | | | | | | | |
Strategies are formulated in the strategic management stage that
| | | | | | | |
occurs immediately after
| | . | |
A. the assessment of internal strengths and weaknesses
| | | | | |
B. implementation of the strategy | | |
C. control of the strategy | | |
,D. none of the above - ✔✔✔ Correct Answer > A
| | | | | | | | |
Strategies are formulated after the internal assessment but before
| | | | | | | |
implementation and
| |
In order to contribute to sustained competitive advantage, firm
| | | | | | | |
|resources should be . | | |
A. valuable and rare | |
B. not subject to perfect imitation
| | | |
C. without strategically relevant resources
| | |
D. all of the above - ✔✔✔ Correct Answer > D
| | | | | | | | |
If resources are to be used for sustained competitive advantage—a
| | | | | | | | |
|firm's ability to enjoy strategic benefits over an extended period of
| | | | | | | | | |
|time—those resources must be valuable, rare, not subject to perfect
| | | | | | | | |
|imitation, and without strategically relevant substitutes.
| | | | |
The strategy originally planned by top management is called
| | | | | | | |
.
A. grand strategy |
B. realized strategy |
C. emergent strategy |
D. none of the above - ✔✔✔ Correct Answer > D
| | | | | | | | |
The strategy originally planned by top management is called the
| | | | | | | | |
intended strategy.
| |
, The notion that successful firms tend to be the ones that adapt to
| | | | | | | | | | | |
influences in their industries is based on
| | | . | | | | |
A. IO theory
|
B. resource-based theory |
C. contingency theory |
D. none of the above - ✔✔✔ Correct Answer > A
| | | | | | | | |
The need for adapting to industry influences is based on IO theory.
| | | | | | | | | | |
The notion of distinctive competence is consistent with
| | | | | | | | .
A. IO theory
|
B. resource-based theory |
C. contingency theory |
D. none of the above - ✔✔✔ Correct Answer > B
| | | | | | | | |
According to resource-based theory, firms succeed primarily because
| | | | | | |
they develop distinctive competencies.
| | | |
Corporate Governance - ✔✔✔ Correct Answer > The board of directors,
| | | | | | | | | |
institutional investors, and blockholders who monitor firm strategies to
| | | | | | | | |
ensure managerial responsiveness.
| | |
distinctive competence - ✔✔✔ Correct Answer > Unique resources, skills, and
| | | | | | | | | |
capabilities that enable a firm to
| | | | | |
distinguish itself from its competitors and create competitive
| | | | | | |
advantage.
|
ACTUAL EXAM COMPLETE QUESTIONS AND
VERIFIED ANSWERS GRADED A+
Which of the following is not a characteristic of strategic decisions?
| | | | | | | | | |
A. They are long term in nature. | | | | |
B. They involve choices. | |
C. They do not involve trade-offs.
| | | |
D. All of the above are characteristics of strategic decisions.
| | | | | | | | - | ✔✔✔
|Correct
Answer | >
D
|
Strategic decisions are based on a systematic, comprehensive analysis
| | | | | | | |
of internal attributes and factors external to the organization. They are
| | | | | | | | | | |
long term and future-oriented. They also involve choices. Although
| | | | | | | | |
making win-win strategic decisions is often possible, most involve some
| | | | | | | | | |
degree of trade-off between alternatives—at least in the short run
| | | | | | | | | |
Strategies are formulated in the strategic management stage that
| | | | | | | |
occurs immediately after
| | . | |
A. the assessment of internal strengths and weaknesses
| | | | | |
B. implementation of the strategy | | |
C. control of the strategy | | |
,D. none of the above - ✔✔✔ Correct Answer > A
| | | | | | | | |
Strategies are formulated after the internal assessment but before
| | | | | | | |
implementation and
| |
In order to contribute to sustained competitive advantage, firm
| | | | | | | |
|resources should be . | | |
A. valuable and rare | |
B. not subject to perfect imitation
| | | |
C. without strategically relevant resources
| | |
D. all of the above - ✔✔✔ Correct Answer > D
| | | | | | | | |
If resources are to be used for sustained competitive advantage—a
| | | | | | | | |
|firm's ability to enjoy strategic benefits over an extended period of
| | | | | | | | | |
|time—those resources must be valuable, rare, not subject to perfect
| | | | | | | | |
|imitation, and without strategically relevant substitutes.
| | | | |
The strategy originally planned by top management is called
| | | | | | | |
.
A. grand strategy |
B. realized strategy |
C. emergent strategy |
D. none of the above - ✔✔✔ Correct Answer > D
| | | | | | | | |
The strategy originally planned by top management is called the
| | | | | | | | |
intended strategy.
| |
, The notion that successful firms tend to be the ones that adapt to
| | | | | | | | | | | |
influences in their industries is based on
| | | . | | | | |
A. IO theory
|
B. resource-based theory |
C. contingency theory |
D. none of the above - ✔✔✔ Correct Answer > A
| | | | | | | | |
The need for adapting to industry influences is based on IO theory.
| | | | | | | | | | |
The notion of distinctive competence is consistent with
| | | | | | | | .
A. IO theory
|
B. resource-based theory |
C. contingency theory |
D. none of the above - ✔✔✔ Correct Answer > B
| | | | | | | | |
According to resource-based theory, firms succeed primarily because
| | | | | | |
they develop distinctive competencies.
| | | |
Corporate Governance - ✔✔✔ Correct Answer > The board of directors,
| | | | | | | | | |
institutional investors, and blockholders who monitor firm strategies to
| | | | | | | | |
ensure managerial responsiveness.
| | |
distinctive competence - ✔✔✔ Correct Answer > Unique resources, skills, and
| | | | | | | | | |
capabilities that enable a firm to
| | | | | |
distinguish itself from its competitors and create competitive
| | | | | | |
advantage.
|
