A firm's strengths that cannot be easily matched or imitated by competitors are called
Answer
internal assessments
distinctive competencies
external assessments
interrelated properties
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
financial resources
shareholder resources
organizational resources
non-renewable resources
technological resources
Question 3
Question
A resource is valuable if it is rare, hard to imitate, or
Answer
expensive
inexpensive
easily substitutable
not easily substitutable
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
dysfunctional behavior
groupthink
behavior modification
organizational culture
internal audit effect
Question 5
Question
Which function of management includes areas such as job design, job specifications, and job analysis?
Answer
Planning
Organizing
Motivating
Staffing
Controlling
Question 6
Question
ALl of the following are basic functions of marketing EXCEPT
Answer
value chain analysis
customer analysis
product and service planning
pricing
distribution
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
Does the firm have an effective sales organization?
Has the firm's market share been increasing?
Are markets segmented effectively?
Are the firm's products and services priced appropriately?
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
investment
dividend
financing
restructuring
benchmark
Question 9
Question
Which of th three finance and accounting decisions involve determining the best capital structure for the firm?
Answer
Investment
Dividend
Financing
Capital budgeting
Implementation
Question 10
Question
___________________ management deals with inputs, transformations, and outputs that vary across industries and markets.
Answer
Marketing
Financial
Research and development
Production and operations
Information systems
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
Answer
The Resource-Based-Approach
Value Chain Analysis
Strategic Cost Analysis
The Internal Factor Evaluation Matrix
Cost-Benefit Analysis
Question 12
Question
Which of the following is the first step in devloping an IFE Matrix?
Answer
Determining the organization's structure
Summing the weighted scores for each variable
Listing key internal strengths and weaknesses
Identifying the organization's functions of business