WPC 480 Exam 1 Questions With Complete
Solutions
which of the following is typically an economic responsibility of a firm? paying adequate
returns to the firms stockholders on the capital invested by them
Corporate social responsibility framework that helps firms recognize and address the
e...
which of the following is typically an economic responsibility of a firm? paying adequate
returns to the firms stockholders on the capital invested by them
Corporate social responsibility framework that helps firms recognize and address the
economic, legal, ethical, and philanthropic expectations that society has of the business
enterprise at a given point in time
who among the following is responsible for making business strategies in a large conglomerate?
the board of directors at the headquarters
what is the importance of the dissonance gap when a firm encounters a strategic inflection point?
the greater the dissonance gap, the more difficult it is for the organization to change
course
which of the following is an example of a business acting upon an organizational core value?
Emerald Autos reduces engine emissions below federal guidelines to reduce pollution
, WPC 480 Exam 1 Questions With Complete
Solutions
Strategic business units individual units within the firm that operate like separate
businesses, with each having its own mission, business objectives, resources, managers, and
competitors
A company is exploring multiple suppliers in order to find the best price. Instead of calling all 7
potential suppliers, he only reaches out to the first 4 and bases his selection on those instead of
contacting all. The company's action best describes the concept of satisficing
In which of the following situations is the power of suppliers high in an industry? The
suppliers' industry is more concentrated than the industry it sells to
In the 5 forces model developed Micheal Porter, ______ is not defined narrowly as a firm's
closest competitors but rather more broadly to include other factors in an industry, such as
buyers, suppliers, the potential new entry of other firms, and the threat of substitutes
competition
An industry when there is only one, often large firm supplying the market monopoly
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