In the final step of the stakeholder impact analysis, a firm... - Answer-decides a course of action to address the stakeholder's concerns
Which of the following is an example of competitive parity? - Answer-A firm produces a similar number of wall clocks at a similar cost as its competitors
W...
WPC 480 Exam 1 Questions and Answer
Latest Update
In the final step of the stakeholder impact analysis, a firm... - Answer-decides a course
of action to address the stakeholder's concerns
Which of the following is an example of competitive parity? - Answer-A firm produces a
similar number of wall clocks at a similar cost as its competitors
Which of the following practices of a firm satisfies its ethical responsibilities? - Answer-
Selling vaccines at a subsidized price in a less developed country even though this
results in reduced shareholder returns
The minimum wage in the country of Hanns is $8 an hour. Delish, a restaurant in Hanns
capital city, pays its servers $8 per hour. However, the management of the restaurant
feels that this amount is excessive for workers whose only job is to clear tables. By
continuing to adhere to the rules set by the government on Hanns, which of the
following responsibilities is Hanns following? - Answer-Legal responsibilities
Which of the following statements should ideally reflect a firm's strategy for competitive
advantage? - Answer-Our aim is to create superior customer value while controlling
costs
When the strong dictatorial rule in Arlington unexpectedly collapsed due to the shocking
death of the royal family in an explosion, the nation's economy experienced drastic
changes. The laws became more restrictive, the country lost many locally produced
resources and products, and the distribution of wealth became inequitable. The
unexpected event that led to these changes can best be described as a(n) ________
event. - Answer-Black swan
To support the rise of emergent strategies, an organization should... - Answer-Empower
lower-level employees to take up autonomous actions
The CEO of All Star Corp. has decided to enter the markets of emerging nations like
China and Brazil. This means that the books, magazines, and websites publishes under
the Chyron Media banner would be made available in these nations. Which of the
following strategies does this scenario best illustrate? - Answer-Corporate strategy
Chad is the founder of a firm producing self-driving vehicles. Because the industry is so
new and chaotic, Chad favors a top-down strategic planning approach in which he
exerts strong control over all aspects of the business, from product development and
design to manufacturing and marketing. What is wrong with this scenario? - Answer-The
self-driving vehicle industry is changing too much for the top-down approach to be
effective
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