Stockholders, Employees and the community-at-large are among a Firm’s Stakeholders

Stockholders, Employees and the community-at-large are among a Firm’s
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Which one of the following is NOT included in the Porter’s Five Forces model: A. Potential development of substitute products B. Bargaining power of suppliers C. Rivalry among stockholders D. Rivalry among competing firms

Description : Which one of the following is NOT included in the Porter’s Five Forces model: A. Potential development of substitute products B. Bargaining power of suppliers C. Rivalry among stockholders D. Rivalry among competing firms

Last Answer : Rivalry among stockholders

Which one of the following is NOT included in the Porter’s Five Forces model: A. Potential development of substitute products B. Bargaining power of suppliers C. Rivalry among stockholders D. Rivalry among competing firms

Description : Which one of the following is NOT included in the Porter’s Five Forces model: A. Potential development of substitute products B. Bargaining power of suppliers C. Rivalry among stockholders D. Rivalry among competing firms

Last Answer : Rivalry among stockholders

Who are organisational stakeholders? A. Providers of finance B. Customers C. Employees D. Community E. Government F. All of the above

Description : Who are organisational stakeholders? A. Providers of finance B. Customers C. Employees D. Community E. Government F. All of the above

Last Answer : F. All of the above

The steps need to be taken for any risk natural or man-made disaster a. Proper building construction b. A well planned c. Awareness among the stakeholders d. All of the above

Description : The steps need to be taken for any risk natural or man-made disaster a. Proper building construction b. A well planned c. Awareness among the stakeholders d. All of the above

Last Answer : d. All of the above

Companies with this strategy state their vision as follows: Low priced products for the whole industry, our brands offer solid value. Our primary stakeholders and bondholders, customers, stockholders and management. a. Niche Cost Leader b. Cost leader with Product Life Cycle Focus c. Differentiation Strategy with a Product Life Cycle Focus d. Broad Cost Leader e. Broad Differentiatio

Description : Companies with this strategy state their vision as follows: Low priced products for the whole industry, our brands offer solid value. Our primary stakeholders and bondholders, customers, stockholders and ... Strategy with a Product Life Cycle Focus d. Broad Cost Leader e. Broad Differentiatio

Last Answer : d. Broad Cost Leader

The ethical roots of the classical model of corporate social responsibility are found in which statement: A. The idea that the interests of stakeholders are as important as the interests of a corporation's stockholders. B. The free market theory which holds that managers are ethically obliged to ace as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society. C. The ethical imperative to cause no harm. D. The ethical imperative to prevent harm.

Description : The ethical roots of the classical model of corporate social responsibility are found in which statement: A. The idea that the interests of stakeholders are as important as the interests of a corporation' ... C. The ethical imperative to cause no harm. D. The ethical imperative to prevent harm.

Last Answer : B. The free market theory which holds that managers are ethically obliged to ace as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society.

Stockholders in a Company are the only group with an interest in the financial performance of the Company

Description : Stockholders in a Company are the only group with an interest in the financial performance of the Company

Last Answer : False

Which of the following agencies are the National Disaster Risk Reduction stakeholders? a. Central Government b. National Disaster Offices c. Private Sector d. All of the above

Description : Which of the following agencies are the National Disaster Risk Reduction stakeholders? a. Central Government b. National Disaster Offices c. Private Sector d. All of the above

Last Answer : d. All of the above

In the context of strategic management, stakeholders can be defined as: a) An individual or group with a financial stake in the organization b) An external individual or group that is able to impose constraints on the organizationInternal groups or individuals that are able to influence strategic direction of the organizationd) An individual or group with an interest in the organization's activities and who seeks to influence them

Description : In the context of strategic management, stakeholders can be defined as: a) An individual or group with a financial stake in the organization b) An external individual or group that is able to ... individual or group with an interest in the organization's activities and who seeks to influence them

Last Answer : An individual or group with an interest in the organization's activities and who seeks to influence them

Which of the factors listed below is not a reason for decision making in organizations being a complex process? (a) People have to make decisions in a historical context (b) Several stakeholders will have an interest in the decision (c) Modern information systems enable people to evaluate a range of possible outcomes (d) Factors in the current context of the organization affect the decision

Description : Which of the factors listed below is not a reason for decision making in organizations being a complex process? (a) People have to make decisions in a historical context (b) Several ... range of possible outcomes (d) Factors in the current context of the organization affect the decision

Last Answer : (c) Modern information systems enable people to evaluate a range of possible outcomes 

The following is NOT a benefit of Strategic ManagementA. Resistance to change is reducedB. Reduces gaps/overlaps in activities among employees C. All of these options are correctD. Formulates a clear defect reduction plan in the quality department

Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department

Last Answer : Formulates a clear defect reduction plan in the quality department

The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department

Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department

Last Answer : Formulates a clear defect reduction plan in the quality department

Which of these statements are true, with respect to ‘Dimensions of Strategic Decisions’? A. Strategic issues require middle-management decisions B. Strategic issues require large amounts of the firm’s resources C. Strategic issues require considering only the firm’s external environment D. None of these options

Description : Which of these statements are true, with respect to Dimensions of Strategic Decisions'? A. Strategic issues require middle-management decisions B. Strategic issues require large amounts of the ... . Strategic issues require considering only the firm's external environment D. None of these options

Last Answer : Strategic issues require large amounts of the firm’s resources

Which of these statements are true, with respect to ‘Dimensions of Strategic Decisions’? A. Strategic issues require middle-management decisions B. Strategic issues require large amounts of the firm’s resources C. Strategic issues require considering only the firm’s external environment D. None of these options

Description : Which of these statements are true, with respect to Dimensions of Strategic Decisions'? A. Strategic issues require middle-management decisions B. Strategic issues require large amounts of ... Strategic issues require considering only the firm's external environment D. None of these options

Last Answer : Strategic issues require large amounts of the firm’s resources

To emphasize auditor independence from management, many corporations follow the practice of a. Appointing a partner of the CPA firm conducting the examination to the corporation's audit committee. b. Establishing a policy of discouraging social contact between employees of the corporation and the staff of the independent auditor. c. Requesting that a representative of the independent auditor be on hand at the annual stockholders' meeting. d. Having the independent auditor report to an audit committee of outside members of the board of directors

Description : To emphasize auditor independence from management, many corporations follow the practice of a. Appointing a partner of the CPA firm conducting the examination to the corporation's audit committee. b ... the independent auditor report to an audit committee of outside members of the board of directors

Last Answer : Having the independent auditor report to an audit committee of outside members of the board of directors

A company's microenvironment, 'general publics' consists of A. minority groups B. stockholders C. Community organizations D. public image

Description : A company's microenvironment, 'general publics' consists of A. minority groups B. stockholders C. Community organizations D. public image

Last Answer : public image

A company's microenvironment, 'general publics' consists of A. minority groups B. stockholders C. Community organizations D. public image

Description : A company's microenvironment, 'general publics' consists of A. minority groups B. stockholders C. Community organizations D. public image

Last Answer : public image

A company's microenvironment, the 'general publics' consists of A. Minority groups B. Stockholders C. Community organizations D. Public image

Description : A company's microenvironment, the 'general publics' consists of A. Minority groups B. Stockholders C. Community organizations D. Public image

Last Answer : D. Public image

Social Media Marketing allows a company to address a range of stakeholders including  Customers  Employees  Neither A Nor B  Both A & B

Description : Social Media Marketing allows a company to address a range of stakeholders including  Customers  Employees  Neither A Nor B  Both A & B

Last Answer :  Both A & B

What is it called when a large number of people in a community get a disease at the same time? a) Influx (b) Black death (c) Epidemic (d) Parasite

Description : What is it called when a large number of people in a community get a disease at the same time? a) Influx (b) Black death (c) Epidemic (d) Parasite

Last Answer : (c) Epidemic

Porter’s notion of a differentiation strategy is best described as one in which firms seek a competitive advantage…. A. Through achieving a match between their internal and external environments. B. Through having a lower cost than their competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness

Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external ... competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness

Last Answer : Through establishing their uniqueness

Switching costs refer to the: A. Cost to a producer to exchange equipment in a facility when new technologies emerge. B. Cost of changing the firm’s strategic group. C. Costs suppliers incur when selling to a different customer. D. Costs customers incur when buying from a different supplier.

Description : Switching costs refer to the: A. Cost to a producer to exchange equipment in a facility when new technologies emerge. B. Cost of changing the firm’s strategic group. C. Costs suppliers incur when selling to a different customer. D. Costs customers incur when buying from a different supplier.

Last Answer : Costs customers incur when buying from a different supplier.

Product differentiation refers to the: A. Ability of the buyers of a product to negotiate a lower price. B. Response of incumbent firms to new entrants. C. Customer perception that a product is unique. D. Fact that as more of a product is produced the cheaper it becomes per unit

Description : Product differentiation refers to the: A. Ability of the buyers of a product to negotiate a lower price. B. Response of incumbent firms to new entrants. C. Customer perception that a product is unique. D. Fact that as more of a product is produced the cheaper it becomes per unit

Last Answer : Customer perception that a product is unique.

The best Firms always realize their Intended Strategy

Description : The best Firms always realize their Intended Strategy

Last Answer : False

Anything the Firm does especially well compared to rival Firms could be considered a Competitive Advantage

Description : Anything the Firm does especially well compared to rival Firms could be considered a Competitive Advantage

Last Answer : True

Porter’s notion of a differentiation strategy is best described as one in which firms seek a competitive advantage…. A. Through achieving a match between their internal and external environments. B. Through having a lower cost than their competitors. C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness.

Description : Porter's notion of a differentiation strategy is best described as one in which firms seek a competitive advantage . A. Through achieving a match between their internal and external environments ... . C. Through concentrating on a narrow market segment. D. Through establishing their uniqueness.

Last Answer : Through establishing their uniqueness.

Switching costs refer to the: A. Cost to a producer to exchange equipment in a facility when new technologies emerge. B. Cost of changing the firm’s strategic group. C. Costs suppliers incur when selling to a different customer. D. Costs customers incur when buying from a different supplier.

Description : Switching costs refer to the: A. Cost to a producer to exchange equipment in a facility when new technologies emerge. B. Cost of changing the firm’s strategic group. C. Costs suppliers incur when selling to a different customer. D. Costs customers incur when buying from a different supplier.

Last Answer : Costs customers incur when buying from a different supplier.

Product differentiation refers to the: A. Ability of the buyers of a product to negotiate a lower price. B. Response of incumbent firms to new entrants. C. Customer perception that a product is unique. D. Fact that as more of a product is produced the cheaper it becomes per unit

Description : Product differentiation refers to the: A. Ability of the buyers of a product to negotiate a lower price. B. Response of incumbent firms to new entrants. C. Customer perception that a product is unique. D. Fact that as more of a product is produced the cheaper it becomes per unit

Last Answer : Fact that as more of a product is produced the cheaper it becomes per unit

The transnational structure is: a) dominated by hierarchy. b) not dominated by hierarchyc) designed for vertically integrated international firm.d) appropriate for export firms.

Description : The transnational structure is: a) dominated by hierarchy. b) not dominated by hierarchy c) designed for vertically integrated international firm. d) appropriate for export firms.

Last Answer : appropriate for export firms.

What is the purpose of the CAGE framework? a) The CAGE framework investigates to what extent home demand, home factor conditions and domestic rivalry are important to multinational firms. b) The CAGE framework analyses bilateral differences and commonalities between two countries. c) The CAGE framework is a broad framework to help managers understand the environment in which their business operates. d) The CAGE framework a checklist for forecasting political, economic, strategic or technological factors.

Description : What is the purpose of the CAGE framework? a) The CAGE framework investigates to what extent home demand, home factor conditions and domestic rivalry are important to multinational firms. ... d) The CAGE framework a checklist for forecasting political, economic, strategic or technological factors.

Last Answer : The CAGE framework analyses bilateral differences and commonalities between two countries.

The Diamond Model suggests that four factors determine a firm's competitive advantage: a) 1) home demand conditions; 2) home supply conditions; 3) firm strategy and structure; 4) supporting industriesb) 1) home demand and factor conditions; 2) firm strategy, structure and rivalry; 3) related industries; 4) supporting industries.c) 1) home demand conditions; 2) home factor conditions; 3) firm strategy, structure and rivalry; 4) related and supporting industries.d) 1) home demand conditions; 2) home supply; 3) firm strategy; 4) related andsupporting industries.

Description : The Diamond Model suggests that four factors determine a firm's competitive advantage: a) 1) home demand conditions; 2) home supply conditions; 3) firm strategy and structure; 4) supporting ... home demand conditions; 2) home supply; 3) firm strategy; 4) related and supporting industries.

Last Answer : home demand conditions; 2) home factor conditions; 3) firm strategy, structure and rivalry; 4) related and supporting industries

The Diamond Model assumes that: a) Multinational firms must develop global strategies based only on home demand conditions. b) Multinational firms must pay less attention to global consumers than domestic consumers. c) The national home base of a firm must be the biggest market for a multinational firm. d) The national home base of a firm plays a key role in shaping that firm's competitive advantage in global markets.

Description : The Diamond Model assumes that: a) Multinational firms must develop global strategies based only on home demand conditions. b) Multinational firms must pay less attention to global consumers than domestic ... a firm plays a key role in shaping that firm's competitive advantage in global markets.

Last Answer : The national home base of a firm plays a key role in shaping that firm's competitive advantage in global markets.

Technology scanning refers to: a) strategies of multinational firms based on technologies. b) locating a firm's research centres in countries or regions where relevant cutting-edge research is pursuedc) a framework for strategic planning in the knowledge economy.d) the process of identifying technologies in the external business environment.

Description : Technology scanning refers to: a) strategies of multinational firms based on technologies. b) locating a firm's research centres in countries or regions where relevant cutting-edge research ... the knowledge economy. d) the process of identifying technologies in the external business environment.

Last Answer : the process of identifying technologies in the external business environment.

Multinational firms engaged in corruption: a) are normally more successful than those that are not engaged in corruption. b) are likely to become less innovative. c) can expand faster in global markets. d) Are always small- and medium-sized enterprises

Description : Multinational firms engaged in corruption: a) are normally more successful than those that are not engaged in corruption. b) are likely to become less innovative. c) can expand faster in global markets. d) Are always small- and medium-sized enterprises

Last Answer : are likely to become less innovative.

Governments can encourage globalization of industries by: a) increasing tariffs and regulations b) creating common international technical standards c) subsidising domestic firms that expand internationally d) subsidising foreign firms that invest in their country

Description : Governments can encourage globalization of industries by: a) increasing tariffs and regulations b) creating common international technical standards c) subsidising domestic firms that expand internationally d) subsidising foreign firms that invest in their country

Last Answer : creating common international technical standards

Global economies of scale arise when: a) a product or a process can be globally performed using cheap labour. b) a product or a process can be performed more cheaply thanks to alliances with multinational firms in other sectors. c) a product or a process can be performed more cheaply at greater volume than at lesser volume. d) a product or a process can be performed more cheaply thanks to globally performed cross-business cost-saving activities.

Description : Global economies of scale arise when: a) a product or a process can be globally performed using cheap labour. b) a product or a process can be performed more cheaply thanks to alliances ... a process can be performed more cheaply thanks to globally performed cross-business cost-saving activities.

Last Answer : a product or a process can be performed more cheaply at greater volume than at lesser volume.

What three broad factors determine global strategy of multinational firms? a) Local globalizing drivers, industry globalizing drivers, internal globalizing drivers b) Cultural globalizing drivers, industry globalizing drivers, global orientation c) Industry globalizing drivers, internal globalizing drivers, global orientation d) Macro globalizing drivers, industry globalizing drivers, internal globalizing drivers

Description : What three broad factors determine global strategy of multinational firms? a) Local globalizing drivers, industry globalizing drivers, internal globalizing drivers b) Cultural globalizing ... orientation d) Macro globalizing drivers, industry globalizing drivers, internal globalizing drivers

Last Answer : Macro globalizing drivers, industry globalizing drivers, internal globalizing drivers

Functional benchmarking involves: a) benchmarking your competitors. b) benchmarking global competitors in your industry. c) benchmarking organizations with regards to specific business activities or processes. d) benchmarking other multinational firms with similar corporate strategies or similar customers

Description : Functional benchmarking involves: a) benchmarking your competitors. b) benchmarking global competitors in your industry. c) benchmarking organizations with regards to specific business activities ... d) benchmarking other multinational firms with similar corporate strategies or similar customers

Last Answer : benchmarking organizations with regards to specific business activities or processes

Dynamic capabilities refer to: a) the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environmentsb) the link between subsidiary resource and multinational firm's competitive advantage in global markets. c) the firm's dynamic capability to find resources that are valuable, rare, difficult to imitate and can be exploited by the organization. d) the combination of individual technologies and production skills that underlie a company's multiple production lines and critically underpin the firm's competitive advantage.

Description : Dynamic capabilities refer to: a) the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments. b) the link between ... underlie a company's multiple production lines and critically underpin the firm's competitive advantage

Last Answer : the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments.

The VRIO framework can be used to identify: a) a firm's resources and external opportunities. b) the organizational structure of multinational firms. c) a firm's technical resources. d) a firm's core competencies

Description : The VRIO framework can be used to identify: a) a firm's resources and external opportunities. b) the organizational structure of multinational firms. c) a firm's technical resources. d) a firm's core competencies

Last Answer : a firm's core competencies

Which of these is not a reason why some firms do no strategic planning? a. Laziness b. Competitive leadership c. Honest difference of opinion d. Poor reward structures

Description : Which of these is not a reason why some firms do no strategic planning? a. Laziness b. Competitive leadership c. Honest difference of opinion d. Poor reward structures

Last Answer : Competitive leadership

Core Competencies are the skills and abilities by which Resources are deployed through a Firm’s activities and processes to enable the Company to ----------- : A. Survive B. Survive using approaches & techniques that others cannot imitate or acquire C. Achieve Competitive Advantage in ways others cannot imitate D. Achieve superior position

Description : Core Competencies are the skills and abilities by which Resources are deployed through a Firm's activities and processes to enable the Company to ----------- : A. Survive B. ... imitate or acquire C. Achieve Competitive Advantage in ways others cannot imitate D. Achieve superior position

Last Answer : Achieve Competitive Advantage in ways others cannot imitate

Which of these is NOT a reason why some Firms do no Strategic Planning ? A. Company is Lazy B. Competitive Leadership C. Honest difference of opinion D. Poor reward structure

Description : Which of these is NOT a reason why some Firms do no Strategic Planning ? A. Company is Lazy B. Competitive Leadership C. Honest difference of opinion D. Poor reward structure

Last Answer : Competitive Leadership

Strategic Mission ------------------ : A. Is a statement of a Firm’s unique purpose & scope of Operations B. Is an internally focused affirmation of the Organizational, Societal and Ethical goals C. Does not limit the Firm by specifying the Industry in which the Co. intends to compete D. Is developed by a Firm before the Firm develops it’s Strategic Intent

Description : Strategic Mission ------------------ : A. Is a statement of a Firm's unique purpose & scope of Operations B. Is an internally focused affirmation of the Organizational, Societal and Ethical ... the Co. intends to compete D. Is developed by a Firm before the Firm develops it's Strategic Intent

Last Answer : Is a statement of a Firm’s unique purpose & scope of Operations

The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm’s Resources, Capabilities & Competences but not the conditions in it’s external environment C. A set of activities that to-date have not been used successfully in the not-for-profit sector D. A dynamic process involving the full set of commitments, decisions and actions related to the Company

Description : The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm's Resources, ... D. A dynamic process involving the full set of commitments, decisions and actions related to the Company

Last Answer : A dynamic process involving the full set of commitments, decisions and actions related to the Company

How does international law facilitate international trade and investment? A. It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment. B. It allows business to choose the most favorable national legal system to instit ute proceedings. C. The terms used in international conventions are open to differing interpretations. D. The Uniform Commercial Code favors big US multinationals.

Description : How does international law facilitate international trade and investment? A. It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment. B. It ... are open to differing interpretations. D. The Uniform Commercial Code favors big US multinationals.

Last Answer : It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment.

In ‘make or buy’ decision, it is profitable to buy from outside only when the supplier’s price is below the firm’s own ______________. (a) Fixed Cost (b) Variable Cost (c) Total Cost (d) Prime Cost

Description : In ‘make or buy’ decision, it is profitable to buy from outside only when the supplier’s price is below the firm’s own ______________. (a) Fixed Cost (b) Variable Cost (c) Total Cost (d) Prime Cost

Last Answer : (b) Variable Cost

The belief that a firm's obligation goes beyond that required by law and economics, and includes a pursuit of long-term goals that are good for society is known as: (a) Social responsiveness ; (b) Ethical responsibility ; (c) Social responsibility ; (d) Social obligation

Description : The belief that a firm's obligation goes beyond that required by law and economics, and includes a pursuit of long-term goals that are good for society is known as: (a) Social responsiveness ; (b) Ethical responsibility ; (c) Social responsibility ; (d) Social obligation

Last Answer :  (c) Social responsibility ;