Exam (elaborations)
GMS 200 Exam Review Exam Questions And Answers
- Course
- Institution
GMS 200 Exam Review Exam Questions And Answers...
[Show more]
Content preview
GMS 200 Exam Review Exam Questions And AnswersThe key result of achieving competitive advantage is _______
A. An ability to sidestep government regulations.
B. An ability to consistently do something of high value which one's competitors cannot
replicate quickly or do as well.
C. An ability to drive the competition out of business and to make extraordinarily high
profits.
D. An ability to establish a monopolistic market position.
E. An ability to dictate consumer needs and preferences. - Answer An ability to
consistently do something of high value which one's competitors cannot replicate quickly
or do as well.
__________ is the worldwide interdependence of resource flows, product markets, and
business competition that characterizes the new economy
A. Economic internationalization.
B. International management.
C. Globalization.
D. World interdependence.
E. Cross-cultural business. - Answer International management
Characteristics commonly associated with entrepreneurs include all of the following
EXCEPT:
a. Internal locus of control.
b. High need for achievement.
c. Intolerance for ambiguity.
, d. Action orientation.
e. Self-confidence. - Answer Intolerance for ambiguity
Setting goals and determining what needs to be done to achieve them is the definition of
the management function of __________.
f. Productivity improvement.
g. Controlling.
h. Leading.
i. Organizing.
j. Planning. - Answer j. Planning.
5. Planning allows control because it outlines the objectives and __________.
a. Identifies the specific actions to be undertaken.
b. It gives a special division of labour among the employees.
c. It develops the structural organizations.
d. It develops the human capital.
e. Motivates the laborers. -Answer a. Identifies the specific actions to be undertaken.
A broad plan of action that outlines an organization's long-term direction and guides
resource allocation to achieve the organization's aims and objectives in a sustainable
manner, with real and defendable competitive advantage, is called the __________.
a. Operating philosophy.
b. Strategy.
c. Planning objectives.
d. Operating objectives.
e. Official objectives. - Answer Answer. B.
__________refer(s) to an organization's basic reason for existence in society.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Easton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now