MBA 6202 - Chapter 1 HW || Questions and 100% Verified Answers.
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Course
MBA 6202
Institution
MBA 6202
The metaphor of a black swan best applies to
a-small businesses that become successful enough to raise capital through initial public offering.
b-low profitable strategic business units within a large enterprise that are best divested or liquidated.
c-events that are considered highly unexpected...
MBA 6202 - Chapter 1 HW || Questions and 100% Verified
Answers.
The metaphor of a black swan best applies to
a-small businesses that become successful enough to raise capital through initial public offering.
b-low profitable strategic business units within a large enterprise that are best divested or
liquidated.
c-events that are considered highly unexpected and highly impactful when they do occur.
d-highly profitable business units in low growth markets that are to be sustained solely for
revenue generation. correct answers c
The annual net profit after taxes for RSL Corp., a multinational conglomerate, is $5.5 billion. As
legal owners, which of the following stakeholder groups has the most legitimate claim on this
profit?
a-local communities
b-shareholders
c-managers
d-government correct answers b
Which of the following is a stakeholder attribute that managers should consider at every step in a
stakeholder impact analysis?
a-literacy
b-solvency
c-legitimacy
d-supremacy correct answers c
Revved Rider Inc., a motorcycle company, is the market leader due to its superior engine
technology and service orientation. These unique qualities have helped the company generate
revenues that are consistently higher than other firms in the same industry. Which of the
following can be concluded about Revved Rider Inc. from this scenario?
a-It has a competitive advantage over the other firms.
b-It has a direct investment in the other firms.
c-It has competitive parity with the other firms.
d-It has an exchange relationship with the other firms. correct answers a
Which of the following groups is most likely to be considered a firm's internal stakeholder?
a-creditors
b-customers
c-board members
d-alliance partners correct answers c
Widgets Inc. is a vendor who supplies machine parts to an appliance manufacturing company. In
return, Widgets Inc. relies on the company for its revenue and is affected by any decisions taken
by the company. In this scenario, Widgets Inc. is a(n) _____ for the appliance manufacturing
company.
, a-representative sample
b-focus group
c-internal stakeholder
d-external stakeholder correct answers d
How has Threadless staked out a unique strategic position?
a-by providing higher quality T-shirts than other companies
b-by providing faster service than other T-shirt companies
c-by providing customers a voice in product design
d-by providing more discounts than other T-shirt companies correct answers c
Which of the following has contributed to Twitter's loss of a competitive advantage?
a-Twitter delivers ads in real time, as opposed to competitors such as Facebook.
b-Twitter does not allow advertisers to target their online ads precisely enough.
c-Core users of Twitter are unable to stay connected permanently.
d-Individuals pay nothing to use Twitter, which gives Twitter free user-generated content.
correct answers b
Which of the following statements will effectively guide a strategist?
a-It is necessary to isolate the key stakeholders and their needs when formulating a strategy.
b-Strategy is all about competitive benchmarking and operational effectiveness.
c-Industry and firm effects that determine firm performance are independent of each other.
d-The principles of strategic management can be applied universally to all organizations. correct
answers d
The greater the difference between value creation and cost, the
a-greater a firm's competitive parity.
b-less likely that a firm's strategic position will be competitive.
c-greater a firm's economic contribution.
d-less likely a firm will gain competitive advantage. correct answers c
Which of the following statements is true of strategy?
a-Operational effectiveness and competitive benchmarking are strategy.
b-Actions that allow a firm to address a competitive challenge are strategy.
c-Statements of desire, on their own, are strategy.
d-Tactical tools that are a part of a firm's functional and global initiatives are strategy. correct
answers b
When a firm integrates the competitive strategies of cost-leadership and differentiation, it will
most likely result in
a-a competitive advantage through superior performance.
b-an increase in the firm's economic contribution.
c-trade-offs that work against each other.
d-competitive parity with firms that have adopted either of the strategies. correct answers c
Which of the following is a philanthropic responsibility of a firm?
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