BUS 433 Week 1,2,3,4 Quizzes

BUS 433 Week 1 Quiz

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1. Question: According to Porter, the diamond framework affects the competitiveness of ________ and ___________ as well as firms.

1. competitors, complementors
2. nations, regions
3. customers, suppliers
4. suppliers, competitors

2. Question: In new ventures, financial projections and risk analysis are part of a ___________.

1. strategic plan
2. corporate plan
3. business plan
4. loan plan

3. Question: “Conventional wisdom argues that domestic competition is wasteful. It leads to __________ and prevents companies from achieving economies of scale . . .”

1. duplication of effort
2. higher prices
3. fierce domestic competition
4. downgrading of the sources of competitive advantage

4. Question: In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained.

1. Trend analysis
2. Alternative scenarios
3. Delphi
4. Time series

5. Question: Comparative growth rates of nations in the major industrial nations after World War II was ___________.

1. normal
2. exceptional
3. negative
4. remained the same

6. Question: A firm that is considering doing business abroad must have a rationale and logic for how it can compensate for and overcome the liabilities and disadvantages that arise from its _______________.

1. strategies
2. vision
3. mission
4. foreignness

7. Question: The evolution of ___________ is a critical element in the formulation of a company’s strategy.

1. resources
2. business strategy
3. corporate strategy
4. industry structures

8. Question: In the __________ stage of industry evolution, there is a shakeout among the competition.

1. embryonic
2. growth
3. maturity
4. decline

9. Question: _____ ensures _______’s broad application.

1. invention, innovation
2. innovation, invention
3. innovation, exploitation
4. invention, exploitation

10. Question: The technology-push model of innovation starts with ___________.

1. discoveries in basic science and engineering
2. business venture
3. exploiting new technologies
4. development

BUS 433 Week 2 Quiz

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1.Question : The strategist should examine the ______ and ______ of an industry.

1. development, evolution
2. development, attractiveness
3. structure, development
4. structure, attractiveness

2. Question : ____________ sees the organization as a combination of resources, capabilities, and competencies.

1. IO economics
2. The RBV
3. The stakeholder view
4. The industrial economics view

3. Question : In a matrix structure, employees have _______ reporting arrangements.

1. multiple
2. single
3. dual
4. triple

4. Question : _________ theory explains how to scrutinize, investigate, and break down an organization’s strengths and weaknesses. 

1. Stakeholder
2. IO
3. Management
4. Macroenvironmental

5. Question : The most sensible choice if one’s company cannot be the dominant player in its industry is to _____________. 

1. scale economies
2. differentiate product
3. exit
4. increase capital

6. Question : __________ constrain the prices of industry’s products. 

1. New entrants
2. Existing rivals
3. Complementors
4. Substitutes

7. Question : Scale economies relate to

1. per-unit costs
2. selling prices
3. bargaining power of suppliers
4. bargaining power of customers

8. Question : Which of the following is NOT one of Porter’s five industry forces? 

1. existing rivals
2. new entrants
3. complementors
4. substitutes

9. Question : By value, Porter essentially meant _______. 

1. power
2. logistics
3. strength
4. profit

10. Question : ___________ provide access to new markets, give customers benefits, and are difficult for competitors to imitate.

1. Resources
2. Capabilities
3. Competencies
4. Core competencies

BUS 433 – Week 3 Quiz

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1. Question : Corporate strategy deals with __________. 

1. how the firm competes
2. the scope of the firm
3. role of each function
4. deciding what functions to perform

2. Question : ____________ are critical elements in successful M&As. 

1. Management strategies
2. Synergies
3. Portfolio management
4. Diversification

3. Question : According to the BCG matrix, the strategy for _______ is to invest in them and increase their share of the firm’s overall business.

1. cash cows
2. stars
3. question marks
4. dogs

4. Question : A sensitivity analysis is based on

1. levels of awareness
2. different assumptions about motivations
3. organizational politics
4. all of the above

5. Question : ___________ movers take risks in anticipation of high returns. 

1. First
2. Second
3. Third
4. Late

6. Question : ________ firms diversify to a minor degree, but typically no more than 30 percent. 

1. Related-product
2. Conglomerate
3. Dominant-product
4. Single-product

7. Question : The ability to achieve new resource configurations is a _______________________.

1. core competence
2. dynamic capability
3. distinctive competence
4. capability

8. Question : Superior advantage in a ______ position comes from managing critical ________ well. 

1. differentiated, cost drivers
2. differentiated, value drivers
3. low-cost, value driverz
4. low-cost, cost drivers

9. Question : Quick strategic moves that remake ________ and do not elicit adequate responses from rivals are crucial for success. 

1. corporate strategies
2. business strategies
3. business models
4. value chains

10. Question : ______ emphasizes the importance of considering the timing of the moves of one’s competitors with the timing of one’s own moves. 

1. Vision
2. Game theory
3. Mission
4. Value chain

BUS 433 – Week 4 – Quiz

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1. Question : According to Porter, the diamond framework affects the competitiveness of ________ and ___________ as well as firms. 

1. competitors, complementors
2. nations, regions
3. customers, suppliers
4. suppliers, competitors

2. Question : In new ventures, financial projections and risk analysis are part of a ___________.

1. strategic plan
2. corporate plan
3. business plan
4. loan plan

3. Question : “Conventional wisdom argues that domestic competition is wasteful. It leads to __________ and prevents companies from achieving economies of scale . . .”

1. duplication of effort
2. higher prices
3. fierce domestic competition
4. downgrading of the sources of competitive advantage

4. Question : In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained. 

1. Trend analysis
2. Alternative scenarios
3. Delphi
4. Time series

5. Question : Comparative growth rates of nations in the major industrial nations after World War II was ___________. 

1. normal
2. exceptional
3. negative
4. remained the same

6. Question : A firm that is considering doing business abroad must have a rationale and logic for how it can compensate for and overcome the liabilities and disadvantages that arise from its _______________. 

1. strategies
2. vision
3. mission
4. foreignness

7. Question : The evolution of ___________ is a critical element in the formulation of a company’s strategy. 

1. resources
2. business strategy
3. corporate strategy
4. industry structures

8. Question : In the __________ stage of industry evolution, there is a shakeout among the competition. 

1. embryonic
2. growth
3. maturity
4. decline

9. Question : _____ ensures _______’s broad application. 

1. invention, innovation
2. innovation, invention
3. innovation, exploitation
4. invention, exploitation

10. Question : The technology-push model of innovation starts with ___________. 

1. discoveries in basic science and engineering
2. business venture
3. exploiting new technologies
4. development

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