Exam (elaborations)
MGMT 310 EXAM 2 VCU BICKMEIER questions well answered to pass
- Course
- Institution
MGMT 310 EXAM 2 VCU BICKMEIER questions well answered to pass
[Show more]
Content preview
MGMT 310 EXAM 2 VCU BICKMEIERWhich of the following is an advantage of a strong culture? - correct answer ✔✔A strong culture has
been linked to better levels of performance
Which of the following statements is a downside of unrelated diversification strategy? - correct answer
✔✔It can open a firm to higher levels of risk and uncertainty.
Rivalry among existing competitors is more intense when? - correct answer ✔✔industry growth is slow
Economies of scale arise. - correct answer ✔✔when a firm manufactures products in high volumes.
The factor that distinguishes functional organizational structure from divisional is that? - correct answer
✔✔A functional structure is organized in terms of main activities performed.
Which of the following statements best describes competitive advantage? - correct answer ✔✔It derives
from a firm's ability to create value for its customers that exceeds the cost of producing the product or
service.
Which of the following statements is an advantage of related diversification strategy? - correct answer
✔✔The sharing of resources is a key component of developing economies of scope and often increases a
firm's competitive advantage.
Which of the following statements is true of the organizational design and the life-cycle of a firm? -
correct answer ✔✔As a firm matures, it tends to emphasize division of labor
Which of the following is a disadvantage of a strong culture? - correct answer ✔✔A strong culture tends
to be difficult to change.
Which of the following statements is true about Porter's five-force model? - correct answer ✔✔Every
industry is different in terms of who maintains the power in the firm supplier relationship.
, Which of the following firms is most likely to benefit from the clan approach? - correct answer ✔✔A firm
with highly uncertain working conditions
Which of the following is a weakness of the matrix structure? - correct answer ✔✔It often creates
confusing and inefficient scenarios for managers working in a functional group as well as across divisions.
Which of the following best describes an organization's artifacts? - correct answer ✔✔Day to day
behaviors that can be observed.
Which of the following is a characteristic of an organization's culture? - correct answer ✔✔Culture is
dynamic.
In a differentiation focused approach, a firm attempts to target. - correct answer ✔✔customers with
special needs or demands who comprise a small market.
The scope of a corporate-level strategy focuses on. - correct answer ✔✔The markets & business the firm
will compete in.
Which of the following statements is true of the levels of organizational culture? - correct answer
✔✔Assumptions are deeply embedded in an organization's culture.
Which of the following is the main motive for international diversification? - correct answer ✔✔Achieve
economies of scale.
Which of the following firms is most likely to benefit from a bureaucratic approach? - correct answer
✔✔A firm with high turnover and a diverse workforce.
Which of the following helps organizations to socialize employees? - correct answer ✔✔Role modeling,
leader examples, & coaching.
Primary activities of a firm's value chain refers to. - correct answer ✔✔the activities involved in the
physical creation of a product and its sale and transfer to the buyer.
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 kirus27. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now