We have sent an email with your new password.


Capstone Final

200 Questions  I  By Jprohoroff
capstone final
Vdsvsd

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.  Strong pressures for local responsiveness emerge when customer tastes and preferences
A.
B.
C.
D.
E.
2.  Which of the following entry modes allow(s) a company to engage in global strategic coordination?
A.
B.
C.
D.
E.
3.  A key to making a strategic alliance work is
A.
B.
C.
D.
E.
4.  Which of the following is not a risk of exporting?
A.
B.
C.
D.
E.
5.  In which of the following circumstances does a localization strategy make the most sense?
A.
B.
C.
D.
E.
6.  Global economies of scale can be realized by
A.
B.
C.
D.
E.
7.  Which of the following companies increased company growth rates by developing products at home and then expanding sales of these products in international markets?
A.
B.
C.
D.
E.
8.  Firms should choose likely countries for an international expansion effort based on all of the followingexcept the
A.
B.
C.
D.
E.
9.  Global expansion
A.
B.
C.
D.
E.
10.  Foreign subsidiaries play a major role in shaping the future direction of a company pursuing a(n)
A.
B.
C.
D.
E.
11.  A company that enters a foreign market by entering into a licensing agreement with a local company
A.
B.
C.
D.
E.
12.  What are the risks associated with licensing as a means of entering overseas markets?
A.
B.
C.
D.
E.
13.  A nation's companies gain competitive advantage if their domestic customers are
A.
B.
C.
D.
E.
14.  Which of the following has occurred in international trade over the past half-century?
A.
B.
C.
D.
E.
15.  Most manufacturing companies begin their global expansion by
A.
B.
C.
D.
E.
16.  Which of the following factors increases pressures for cost reductions?
A.
B.
C.
D.
E.
17.  Attaining a credible commitment from a potential partner
A.
B.
C.
D.
E.
18.  Cost reduction pressures can be particularly intense in industries producing
A.
B.
C.
D.
E.
19.  The ability to realize cost economies from global volume is greatest in the case of
A.
B.
C.
D.
E.
20.  Factors of production include all but which of the following?
A.
B.
C.
D.
E.
21.  When entering an overseas market, which of the following factors should be considered?
A.
B.
C.
D.
E.
22.  Which entry mode gives a multinational the tightest control over foreign operations?
A.
B.
C.
D.
E.
23.  When a company increases its growth rate by taking goods or services developed at home and selling them internationally, it is
A.
B.
C.
D.
E.
24.  Which of the following isnot a necessity for leveraging the skills of global subsidiaries?
A.
B.
C.
D.
E.
25.  A localization strategy is most appropriate when
A.
B.
C.
D.
E.
26.  Companies that pursue a transnational strategy are trying to develop
A.
B.
C.
D.
E.
27.  Which of the following factors increases pressures for local responsiveness?
A.
B.
C.
D.
E.
28.  Procter & Gamble grew rapidly in international markets because of its
A.
B.
C.
D.
E.
29.  When a company performs a value creation activity in the optimal location for that activity, wherever in the world that might be, it is trying to capitalize on
A.
B.
C.
D.
E.
30.  For a hotel company whose competitive advantage is based on high brand-name recognition, which of the following ways of serving an overseas market makes the most sense?
A.
B.
C.
D.
E.
31.  Host government demands generally
A.
B.
C.
D.
E.
32.  Clear Vision's decision to own a manufacturing facility overseas was not influenced by which of the following factors?
A.
B.
C.
D.
E.
33.  When toymaker Mattel sells Barbie dolls in the Middle East, it changes the doll's shape to one that is a more accurate portrayal of a female body. Mattel does this to
A.
B.
C.
D.
E.
34.  In which of the following circumstances does a global standardization strategy make the most sense?
A.
B.
C.
D.
E.
35.  Which of the following is not an objective of a transnational company?
A.
B.
C.
D.
E.
36.  Managers of a multinational enterprise must recognize that skills
A.
B.
C.
D.
E.
37.  The timing of entry into an overseas market
A.
B.
C.
D.
E.
38.  Which of the following is not an attribute of a national or country-specific environment that has an impact on global competitiveness of companies located in that nation?
A.
B.
C.
D.
E.
39.  All of the following are first-mover advantages except the ability to
A.
B.
C.
D.
E.
40.  A localization strategy is based on which of the following ideas?
A.
B.
C.
D.
E.
41.  When technology in an industry is changing rapidly, a company pursuing a strategy of vertical integration may find itself
A.
B.
C.
D.
E.
42.  Which of the following statements concerning vertical integration is not correct?
A.
B.
C.
D.
E.
43.  Hewlett Packard and Compaq recently completed a merger. The combined firm is larger and therefore can negotiate lower prices from suppliers. This benefit of horizontal integration is called
A.
B.
C.
D.
E.
44.  Observing the pattern of consolidation in U.S. industries over time, one will notice that
A.
B.
C.
D.
E.
45.  Outsourcing occurs when a firm
A.
B.
C.
D.
E.
46.  When a company decides to expand into new industries, it must
A.
B.
C.
D.
E.
47.  Which of the following is not an accurate statement about outsourcing?
A.
B.
C.
D.
E.
48.  Antitrust regulation
A.
B.
C.
D.
E.
49.  Which of the following is not a benefit of vertical integration?
A.
B.
C.
D.
E.
50.  Which of the following strategies facilitates the implementation of a just-in-time inventory system?
A.
B.
C.
D.
E.
51.  Companies invest in specialized assets because these assets allow them to
A.
B.
C.
D.
E.
52.  To ensure the easy transfer of important competitive information between a firm and its outsourcing contractors, the firm should
A.
B.
C.
D.
E.
53.  Credible commitments
A.
B.
C.
D.
E.
54.  Adam's boss tells him that their company is pursuing a strategy of horizontal integration, which means that the company will
A.
B.
C.
D.
E.
55.  Which of the following activities should not be outsourced by a virtual corporation?
A.
B.
C.
D.
E.
56.  In which of the following is a firm most likely to lose direct control over value creation activities?
A.
B.
C.
D.
E.
57.  Many industries have experienced increased consolidation over the last decade due to an increase in
A.
B.
C.
D.
E.
58.  A wealth of data suggests that most mergers and acquisitions
A.
B.
C.
D.
E.
59.  Which of the following is not a characteristic of strategic alliances entered into to support related diversification?
A.
B.
C.
D.
E.
60.  Companies can maintain market discipline over suppliers by
A.
B.
C.
D.
E.
61.  When Daimler-Benz and Chrysler merged, DaimlerChrysler sharply reduced its U.S. corporate-level staff, running the combined company primarily from its German headquarters. Which benefit of horizontal integration does this example illustrate?
A.
B.
C.
D.
E.
62.  Under which of the following circumstances is vertical integration most likely to help a company establish itself as a differentiated player in its core business?
A.
B.
C.
D.
E.
63.  A hospital supply company invests in training for a team of sales associates to learn the details of each hospital chain's operations. In return, the hospital chain invests in a computer system that supports supply ordering. The supply company and the hospital chain are working to ensure the success of their long-term relationship by
A.
B.
C.
D.
E.
64.  Under which of the following circumstances is vertical integration hazardous?
A.
B.
C.
D.
E.
65.  When an intermediate manufacturer moves into final assembly, it is pursuing
A.
B.
C.
D.
E.
66.  John's surfboard shop has a long-term relationship with two surfboard makers. John is using
A.
B.
C.
D.
E.
67.  Forward integration means that a company is moving into
A.
B.
C.
D.
E.
68.  Horizontal integration may be thought of as
A.
B.
C.
D.
E.
69.  To build trust in a cooperative relationship, both firms can
A.
B.
C.
D.
E.
70.  A specialized asset is one that is designed to
A.
B.
C.
D.
E.
71.  When there is a minimal need for close long-term cooperation between a company and its suppliers, which of the following strategies is the most appropriate?
A.
B.
C.
D.
E.
72.  Long-term contracts
A.
B.
C.
D.
E.
73.  Another name for long-term cooperative relationships between two or more companies who agree to commit resources to develop new products is
A.
B.
C.
D.
E.
74.  Strategic outsourcing is best described as a
A.
B.
C.
D.
E.
75.  Vertical integration is based on a company entering industries that add _________ to its core products.
A.
B.
C.
D.
E.
76.  In today's business environment, mergers and acquisitions are
A.
B.
C.
D.
E.
77.  Outsourcing
A.
B.
C.
D.
E.
78.  The final part of the strategy formulation process is
A.
B.
C.
D.
E.
79.  Which of the following problems is (are) associated with a strategy of vertical integration?
A.
B.
C.
D.
E.
80.  Ownership of retail outlets may be important for a manufacturer if
A.
B.
C.
D.
E.
81.  Which of the following statements concerning research and development is correct?
A.
B.
C.
D.
E.
82.  Which of the following entry strategies should be used when speed is an important consideration?
A.
B.
C.
D.
E.
83.  General organizational competencies are found
A.
B.
C.
D.
E.
84.  New ventures are likely to be preferred compared to acquisitions when
A.
B.
C.
D.
E.
85.  What accounts for the high failure rate of all new products that reach the marketplace?
A.
B.
C.
D.
E.
86.  Companies that base their diversification strategy on transferring competencies tend to acquire new businesses that are ___________ to their existing business activities.
A.
B.
C.
D.
E.
87.  A company pursuing a multibusiness model based on diversification may justify this strategy for what reason(s)?
A.
B.
C.
D.
E.
88.  New ventures
A.
B.
C.
D.
E.
89.  What is perhaps the most important reason why acquisitions made by a company fail?
A.
B.
C.
D.
E.
90.  Diversification dissipates value when it is based on
A.
B.
C.
D.
E.
91.  Which of the following may be true for a company pursuing a strategy of unrelated diversification rather than a strategy of related diversification?
A.
B.
C.
D.
E.
92.  The role of managers in corporate-level strategy is to
A.
B.
C.
D.
E.
93.  Hamel and Prahalad have developed a model that can help managers assess how and when they should expand beyond their current market or industry. They find that it is useful to view a company as a portfolio of
A.
B.
C.
D.
E.
94.  Stanley's services firm wants to enter an embryonic market, but it doesn't have enough cash to purchase the required assets. Which of the following strategies would you recommend to Stanley?
A.
B.
C.
D.
E.
95.  Which of the following statements is not generally true of a diversification strategy based on the realization of economies of scope?
A.
B.
C.
D.
E.
96.  Which of the following is not a general organizational competency?
A.
B.
C.
D.
E.
97.  At its simplest level, a joint venture may be thought of as a(n)
A.
B.
C.
D.
E.
98.  Leveraging competencies involves taking a distinctive competency developed by a business unit in one industry to create
A.
B.
C.
D.
E.
99.  Product bundling refers to
A.
B.
C.
D.
E.
100.  A strategy based on diversification may fail to add value because companies
A.
B.
C.
D.
E.
101.  Joint ventures
A.
B.
C.
D.
E.
102.  A company considering entering an industry that is in the mature stage of its life cycle would generally prefer which of the following entry strategies?
A.
B.
C.
D.
E.
103.  A diversification strategy based on resource sharing
A.
B.
C.
D.
E.
104.  Which of the following reasons can make a diversification strategy an unwise course of action for a company to pursue?
A.
B.
C.
D.
E.
105.  Which of the following is not a guideline for a successful acquisition?
A.
B.
C.
D.
E.
106.  Free cash flow is defined as
A.
B.
C.
D.
E.
107.  When a company has cash in excess of the amount needed to maintain a competitive advantage in its core business, it will most likely pursue
A.
B.
C.
D.
E.
108.  When one or more components of a company's value chain are applicable to a wide variety of industrial and commercial situations, which of the following strategies should a company pursue?
A.
B.
C.
D.
E.
109.  A focus on using or recombining existing competencies or building new competencies to enter new markets helps managers think strategically about how industry boundaries
A.
B.
C.
D.
E.
110.  According to Gary Hamel and C. K. Prahalad, a company is best viewed as a
A.
B.
C.
D.
E.
111.  Diversification is sometimes pursued by a company for the wrong reasons. Which of the following is a faulty justification for diversification?
A.
B.
C.
D.
E.
112.  In the joint venture between Stephanie's dressmaking shop and Kevin's fabric factory, the partners argue constantly about how to schedule tasks and reward workers. Which of the following disadvantages is Stephanie and Kevin's joint venture experiencing?
A.
B.
C.
D.
E.
113.  Which of the following seems to be a major determinant of a new venture's success?
A.
B.
C.
D.
E.
114.  What is the process of transferring resources to and creating a new business unit in a new industry called?
A.
B.
C.
D.
E.
115.  An internal new venture is the most appropriate strategic choice when
A.
B.
C.
D.
E.
116.  Which of the following is not a reason for the failure of an acquisition to generate the gains originally expected of it?
A.
B.
C.
D.
E.
117.  The greater the number of business units in a company's portfolio, the _________ it is for corporate managers to remain informed about the complexities of each business.
A.
B.
C.
D.
E.
118.  Which of the following statements is false?
A.
B.
C.
D.
E.
119.  In which of the following cases are bureaucratic costs likely to be lowest?
A.
B.
C.
D.
E.
120.  If a company is to increase the probability of a new product's commercial success, the company must foster close links between
A.
B.
C.
D.
E.
121.  The basic principles of agency theory are
A.
B.
C.
D.
E.
122.  A typical board of directors is composed of
A.
B.
C.
D.
E.
123.  The quest to maximize a company's profitability should be constrained by
A.
B.
C.
D.
E.
124.  The purpose of governance mechanisms in corporations is to
A.
B.
C.
D.
E.
125.  A company's stockholders provide a company with
A.
B.
C.
D.
E.
126.  Which of the following is not a reason why the board of directors may act as the guardian of stockholder interests within a company?
A.
B.
C.
D.
E.
127.  A company's stakeholders include which of the following?
A.
B.
C.
D.
E.
128.  Why are managers thought to engage in empire building?
A.
B.
C.
D.
E.
129.  The abbreviation IPO stands for
A.
B.
C.
D.
E.
130.  Over the past decade, maximizing returns to shareholders has
A.
B.
C.
D.
E.
131.  When are the interests of stockholders and senior managers likely to be most closely aligned?
A.
B.
C.
D.
E.
132.  When managers pay bribes to gain access to lucrative business contracts, they are engaging in
A.
B.
C.
D.
E.
133.  When managers of a firm seek to unilaterally rewrite the terms of a contract with suppliers, buyers, or complement providers in a way that is more favorable to their firm, they are engaging in
A.
B.
C.
D.
E.
134.  The takeover constraint
A.
B.
C.
D.
E.
135.  Which of the following is not a governance mechanism used to align the interests of managers and stockholders?
A.
B.
C.
D.
E.
136.  Sarbanes-Oxley, federal legislation enacted in 2002, requires
A.
B.
C.
D.
E.
137.  A stock option is a right to buy
A.
B.
C.
D.
E.
138.  A takeover constraint
A.
B.
C.
D.
E.
139.  Which of the following stakeholders might not want a company to maximize its long-run profitability and profit growth?
A.
B.
C.
D.
E.
140.  Which of the following is not a responsibility of the board of directors?
A.
B.
C.
D.
E.
141.  In applying agency theory to problems of corporate management, the principals are the
A.
B.
C.
D.
E.
142.  Internal stakeholders of a company include
A.
B.
C.
D.
E.
143.  Although stockholders are legal owners, CEOs do not always pursue stockholders' interests. CEOs can pursue their own interests because
A.
B.
C.
D.
E.
144.  Which of the following actions reduces the risk of a company losing external stakeholder support?
A.
B.
C.
D.
E.
145.  The takeover constraint refers to the
A.
B.
C.
D.
E.
146.  Which of the following statements concerning profitability and profit growth is false?
A.
B.
C.
D.
E.
147.  Which of the following statements concerning stock-based compensation schemes for executives is incorrect?
A.
B.
C.
D.
E.
148.  Institutional investors are becoming more aggressive in exerting their power with the board by
A.
B.
C.
D.
E.
149.  When corporate CEOs and top managers use their power and control over funds to satisfy their personal desires for wealth or status, this is called
A.
B.
C.
D.
E.
150.  A stakeholder impact analysis would include which of the following steps?
A.
B.
C.
D.
E.
151.  Pursuing strategies that maximize the long-run profitability and profit growth of a company benefits which group(s) of stakeholders?
A.
B.
C.
D.
E.
152.  Which of the following statements about the board of directors is false?
A.
B.
C.
D.
E.
153.  Business ethics is concerned with  Business ethics is concerned with
A.
B.
C.
D.
E.
154.  Which of the following is not an accurate statement about current levels of pay for CEOs of U.S.-based firms?
A.
B.
C.
D.
E.
155.  External stakeholders of a company include
A.
B.
C.
D.
E.
156.  CEO compensation packages are most frequently criticized because of their
A.
B.
C.
D.
E.
157.  Ethics may best be thought of as
A.
B.
C.
D.
E.
158.  The relationship between an enterprise and its stakeholders is essentially what type of relationship?
A.
B.
C.
D.
E.
159.  Members of the board of directors are supposed to be agents for
A.
B.
C.
D.
E.
160.  Which of the following is not a criticism of boards?
A.
B.
C.
D.
E.
161.  Which of the following is not one of the advantages of a geographic structure?
A.
B.
C.
D.
E.
162.  The organizational structure and organizational culture of a company can have
A.
B.
C.
D.
E.
163.  To a large degree, any organization's tasks are a function of its
A.
B.
C.
D.
E.
164.  Control through organizational culture
A.
B.
C.
D.
E.
165.  The most appropriate structure for a company pursuing low-cost and differentiation strategies simultaneously is
A.
B.
C.
D.
E.
166.  A drawback of the functional structure is
A.
B.
C.
D.
E.
167.  The term used to describe how people learn an organization's culture and way of behaving in the organization is
A.
B.
C.
D.
E.
168.  The process of deciding how a company should create, use, and combine organizational structure, control systems, and culture to pursue a business model successfully is referred to as
A.
B.
C.
D.
E.
169.  A matrix structure would be the most appropriate for which of the following firms?
A.
B.
C.
D.
E.
170.  As a general principle, a company should always choose the hierarchal organization structure that has the
A.
B.
C.
D.
E.
171.  Strategic control systems utilized to ensure long-run profitability include
A.
B.
C.
D.
E.
172.  The organization structure that organizations most commonly adopt to solve control problems that result from producing many different kinds of products for many different market segments is the
A.
B.
C.
D.
E.
173.  When decision-making responsibilities are decentralized, benefits include all of the following except
A.
B.
C.
D.
E.
174.  Which of the following integrating mechanisms consists of one manager from each relevant function or division assigned to a team that meets to solve a specific mutual problem?
A.
B.
C.
D.
E.
175.  In a successful company, the purpose of a control system is to
A.
B.
C.
D.
E.
176.  A cost-leadership strategy would be most effective with
A.
B.
C.
D.
E.
177.  Which of the following structures is the flattest?
A.
B.
C.
D.
E.
178.  A hospital examines its processes closely and then changes them radically to become more patient-centered. Among the changes are new ways of doing tasks and new groupings of workers. This is an example of
A.
B.
C.
D.
179.  Which of the following structures requires centralization of value chain support activities?
A.
B.
C.
D.
E.
180.  Which form of control would you be most likely to find in a voluntary or charity organization?
A.
B.
C.
D.
E.
181.  Restructuring is
A.
B.
C.
D.
E.
182.  In any organization, for-profit or not-for-profit, span of control refers to the
A.
B.
C.
D.
E.
183.  Essentially, centralization or decentralization are concepts that refer to the
A.
B.
C.
D.
E.
184.  Using output controls at the individual level is least appropriate when the work force consists primarily of
A.
B.
C.
D.
E.
185.  An organization that has an adaptive culture is an organization that is
A.
B.
C.
D.
E.
186.  The specific collection of values, norms, beliefs, and attitudes shared by people and groups in a company is commonly referred to as
A.
B.
C.
D.
E.
187.  Matrix structures
A.
B.
C.
D.
E.
188.  Which of the following is not one of the company levels where strategic control systems measure performance?
A.
B.
C.
D.
E.
189.  Which of the following actions would you expect to see in a company that is undergoing a reengineering?
A.
B.
C.
D.
E.
190.  A stereo manufacturer sells only leading-edge stereos to the upscale segment. Which of the following structures is the most appropriate for this firm?
A.
B.
C.
D.
E.
191.  Control through organizational culture is so powerful because
A.
B.
C.
D.
E.
192.  Standardization is employed to squeeze out costs in manufacturing. Standardization may be achieved through standardization of
A.
B.
C.
D.
E.
193.  Organizations strive to control employees' behavior by linking __________ systems to their control systems.
A.
B.
C.
D.
E.
194.  When a company engages in restructuring, it may be necessary to
A.
B.
C.
D.
E.
195.  Which characteristic is shared by all three of the product, market, and geographic structures?
A.
B.
C.
D.
E.
196.  A typical matrix organizational structure is
A.
B.
C.
D.
E.
197.  Which of the following is required by a restructuring?
A.
B.