WPC 470 Exam Bundle

The action forcing part of NEPA - Answer-EIS A publication that attempts to assess the current state of the Earth's ecosystems - Answer-Millennium Ecosystem Assessment Does not require notification in the Federal Register - Answer-CATEX Requires notification in the Federal Register - Ans...

There exist important trade-offs between value creation and low cost because value creation and cost tend to be - Answer-positively correlated. Firms pursuing a cost-leadership strategy seek to - Answer-deliver products or services at a lower cost than competitors. Oberlo Autos competes agains...

Tommy wants to open his own food truck but doesn't know anything about business. He needs help determining who his competition is, how he should craft his strategy to compete and how he'll implement his strategy to achieve a competitive advantage. He's hired you to help him get started. As ...

Business-level strategy - Answer-The goal-directed actions managers take in their quest for competitive advantage when competing in a single product market Blue ocean strategy - Answer-Business level strategy that successfully combines differentiation and cost-leadership activities using value in...

strategy - Answer-a set of goal directed action a firm takes to gain and sustain superior performance relative to competitors a good strategy has three elements - Answer-1. a diagnosis of the competitive challenge 2. a guiding policy to address the competitive challenge 3. a set of coherent act...

Which of the following three important stakeholder attributes should managers pay special close attention to in order to better understand stakeholder impact analysis? - Answer-power, legitimacy, and urgency The best example of a firm's external stakeholders is a(n) - Answer-government agency ...

Wallingford Company is trying to determine optimal ways to collect and distribute knowledge throughout the firm. This is an activity for which support function in the value chain? a. Human resources b. Finance c. Management information systems d. Distribution - Answer-Management Information Syst...

A firm's _______ are best described as distinct and fine-grained business processes such as order taking, physical delivery of products, or invoicing customers. - Answer-activities Which of the following is an example of a firm's capabilities? - Answer-skills involved in training and managi...

The goal-directed actions managers take in their quest for competitive advantage when competing in a single product market - Answer-Business-level strategy Business level strategy that successfully combines differentiation and cost-leadership activities using value innovation to reconcile the inh...

When firms are purchased in the same industry, this is known as: - Answer-horizontal acquisition Effectively using executive compensation as a governance mechanism is particularly challenging for firms implementing _____ strategies. - Answer-international By sharing resources and knowledge bet...