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UARK MGMT 2103H Exam 1 Practice Questions Graded A+ 2024
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UARK MGMT 2103H Exam 1 Practice Questions
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UARK MGMT 2103H Exam 1 PracticeQuestions
According to Michael Porter, competitive advantage results from creating value by
which of the following strategies?
A. Customer service & low prices
B. Price, product, promotion & place
C. Low cost & differentiation
D. Commitment, performance, compliance & partnership - answerC
During the strategic implementation stage of the strategic management process, an
organization:
A. Defines its mission & goals
B. Ensure that it has skilled employees in place
C. Identifies external opportunities & threats
D. Determines it's internal strength & weaknesses - answerB. (Ensures that it has
skilled employees in place to IMPLEMENT the plan - everything else should have been
completed during the formulation phase.)
Sage & Sol, Inc. a mid-sized manufacturer of health & fitness products, has decided to
enhance revenue by expanding its product line. It has identified the yoga industry as a
possible market & has identified ImSoZen, LLC as a potential competitor. Sage & Sol,
Inc. is currently in which stage of the strategic management process?
A. Strategy formulation
B. Strategy evaluation
C. Strategy implementation
D. Strategy execution - answerA
Firms that wish to create competitive advantage seek to bring to bear a service or
product that is:
A. Viable, Recent, Innovative & has Organized Processes
B. Valuable, Rare, Innovative & has Organized Processes
C. Viable, Rare, Inimitable & has Organized Processes
D. Valuable, Rare, Inimitable & has Organized Processes - answerD
Which of the following statements is true of two-way linkages?
, A. The two way-linkage level is the lowest level of integration
B. The human resource function is limited to monitoring day-to-day activities
C. The strategic planning function and the human resource management function are
completely independent
D. The strategic planning function and the human resource management function are
interdependent - answerD (INTER-dependence is key - management and HR are
working together back and forth to create solutions.)
Sustainability refers to a firm's capacity to:
A. Meet its needs without sacrificing the ability of future generations to meet theirs
B. Develop socially responsible strategies at the cost of profits
C. Pursue economic goals despite social & ethical concerns
D. Meet its business needs at the cost of environmental responsibilities - answerA.
(Sustainability is about being profitable now without sacrificing the future's ability to also
be profitable. It's about long-term decision making.)
What are the two dimensions of the Human Capital Architecture discussed in Wright
(2008)?
A. Commitment & Control
B. Value & Performance
C. Uniqueness & Strategic Value
D. Human Capital & Architecture - answerC
Which of the following is NOT one of the four types of employees described by Human
Capital Architecture?
A. Collaborative
B. Core
C. Blue Collar
D. Support - answerC (Blue Collar - the 4 types are collaborative, core, support and
strategic)
Which of the following is NOT true regarding HCA?
A. Some, but not all human resources can be a source of competitive advantage
B. Different groups of employees have different value to the execution of business
strategy
C. Firms must decide if the productivity of a job family can influence strategic
capabilities & develop HRM & other work practices to maximize productivity
D. Firms must develop a single work system based on best practices throughout the
organization - answerD (HCA is the opposite of developing best practices - its about
building a VRIO HR)
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