Question 1
Question
A firm's strengths that cannot be easily matched or imitated by competitors are called
Answer
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internal assessments
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distinctive competencies
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external assessments
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interrelated properties
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internal properties
Question 2
Question
The three all-encompassing internal resource categories used in the resource-based view are physical resources, human resources, and
Answer
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financial resources
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shareholder resources
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organizational resources
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non-renewable resources
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technological resources
Question 3
Question
A resource is valuable if it is rare, hard to imitate, or
Answer
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expensive
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inexpensive
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easily substitutable
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not easily substitutable
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inefficient
Question 4
Question
A pattern of behavior developed by an organization as it learns to cope with its
problem of external adaptation and internal integration and
that has worked well enough to be considered valid and to be
taught to new members as the correct way to perceive, think,
and feel is called
Answer
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dysfunctional behavior
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groupthink
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behavior modification
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organizational culture
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internal audit effect
Question 5
Question
Which function of management includes areas such as job design, job specifications, and job analysis?
Answer
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Planning
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Organizing
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Motivating
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Staffing
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Controlling
Question 6
Question
ALl of the following are basic functions of marketing EXCEPT
Question 7
Question
Which of the following is NOT a key question that can reveal internal strengths and weaknesses regarding a firm's marketing function?
Answer
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Does the firm have an effective sales organization?
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Has the firm's market share been increasing?
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Are markets segmented effectively?
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Are the firm's products and services priced appropriately?
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Does the firm have good liquidity?
Question 8
Question
The ___________ decision is the allocation and reallocation of capital and resources to projects, assets, and divisions of an organization
Answer
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investment
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dividend
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financing
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restructuring
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benchmark
Question 9
Question
Which of th three finance and accounting decisions involve determining the best capital structure for the firm?
Answer
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Investment
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Dividend
-
Financing
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Capital budgeting
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Implementation
Question 10
Question
___________________ management deals with inputs, transformations, and outputs that vary across industries and markets.
Question 11
Question
The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called
Question 12
Question
Which of the following is the first step in devloping an IFE Matrix?
Answer
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Determining the organization's structure
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Summing the weighted scores for each variable
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Listing key internal strengths and weaknesses
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Identifying the organization's functions of business
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Assigning a weight to each factor