Question 1

The Internet is changing the very nature of many industries by altering product life cycles and changing the historical trade-off between production standardization and flexibility.

Accepted Answer

A) True 
 B)False

Question 2

According to I/O theorists, which of the following contributes least to firm's performance?

Accepted Answer

A)   Economies of scale
B)   Barriers to market entry
C)   Product differentiation
D)   Internal resources
E)   Level of competitiveness

Question 3

Motor vehicle firms in the United States are vulnerable when the value of the dollar falls.

Accepted Answer

A) True 
 B)False

Question 4

If suppliers are unreliable or too costly, which of these strategies may be appropriate?

Accepted Answer

A)   Horizontal integration
B)   Backward integration
C)   Market penetration
D)   Forward integration
E)   Concentric diversification

Question 5

Competition in virtually all industries is ________.

Accepted Answer

A)   nonexistent
B)   intense
C)   never cutthroat
D)   easily avoidable
E)   insignificant

Question 6

Without assumptions, planning would be

Accepted Answer

A)   impossible.
B)   easier.
C)   difficult.
D)   inexpensive.
E)   intuitive.

Question 7

"Innovate or evaporate; particularly in technology-driven businesses, nothing quite recedes like success," is a characteristic that describes the most competitive companies in America.

Accepted Answer

A) True 
 B)False

Question 8

What level of bargaining power do consumers have when the products being purchased are standard or undifferentiated?

Accepted Answer

A)   Marginal
B)   Low
C)   High
D)   Negative
E)   Negligible

Question 9

List three opportunities and three threats that could represent key factors facing your college or university.

Accepted Answer

The answer of List three opportunities and three threats that...

Question 10

The weights and total weighted scores in both a Competitive Profile Matrix and an EFE Matrix have the same meaning.

Accepted Answer

A) True 
 B)False

Question 11

Assumptions have no place in planning.

Accepted Answer

A) True 
 B)False

Question 12

Which statement about business intelligence is accurate?

Accepted Answer

A)   Intelligence gathering is an unethical business practice.
B)   Running an intelligence program requires many people.
C)   Running an intelligence program requires many computers and other resources.
D)   Collecting intelligence about competitors violates antitrust laws.
E)   Business intelligence is not equal to espionage.

Question 13

More Americans are moving than staying in place.

Accepted Answer

A) True 
 B)False

Question 14

According to Michael Porter, what are the five competitive forces that create vital opportunities and threats for organizations? Which force do you feel is most important in the computer industry today? Why?

Accepted Answer

The first one is rivalry among competing...

Question 15

Discuss the I/O approach in relation to competitive advantage.

Accepted Answer

The I/O approach to competitive advantag...

Question 16

Which of the following sectors of the economy would be most impacted by technological developments?

Accepted Answer

A)   Forestry
B)   Aeronautics
C)   Textiles
D)   Metals
E)   Paper

Question 17

Standard and Poor's Industry Surveys include all of the following sections EXCEPT

Accepted Answer

A)   Historic Environment
B)   Industry Trends
C)   How to Analyze a Company
D)   Glossary of Industry Information
E)   Comparative Company Financial Analysis

Question 18

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

Accepted Answer

External forces can be divided into five...

Question 19

Which of the following is NOT a characteristic that describes the most competitive companies in America?

Accepted Answer

A)   Divestiture is essential to growth.
B)   People make a difference.
C)   Innovate or evaporate.
D)   There is no substitute for quality and no greater threat than failing to be cost-competitive on a global basis.
E)   Whether it's broke or not, fix it.

Question 20

Hawaii, California, and ________ already have no majority race or ethnic group.

Accepted Answer

A)   New York
B)   New Jersey
C)   New Hampshire
D)   New Mexico
E)   all of the above

Exam 3: The External Assessment

The Internet is changing the very nature of many industries by altering product life cycles and changing the historical trade-off between production standardization and flexibility.

Correct AnswerverifiedShow Answer

List three opportunities and three threats that could represent key factors facing your college or university.

Correct AnswerverifiedShow Answer

What level of bargaining power do consumers have when the products being purchased are standard or undifferentiated?

Correct AnswerverifiedShow Answer

Assumptions have no place in planning.

Correct AnswerverifiedShow Answer

Motor vehicle firms in the United States are vulnerable when the value of the dollar falls.

Correct AnswerverifiedShow Answer

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

Correct AnswerverifiedExternal forces can be divided into five...View AnswerShow Answer

According to Michael Porter, what are the five competitive forces that create vital opportunities and threats for organizations? Which force do you feel is most important in the computer industry today? Why?

Correct AnswerverifiedThe first one is rivalry among competing...View AnswerShow Answer

Which statement about business intelligence is accurate?

Correct AnswerverifiedShow Answer

Standard and Poor's Industry Surveys include all of the following sections EXCEPT

Correct AnswerverifiedShow Answer

Which of the following sectors of the economy would be most impacted by technological developments?

Correct AnswerverifiedShow Answer

Discuss the I/O approach in relation to competitive advantage.

Correct AnswerverifiedThe I/O approach to competitive advantag...View AnswerShow Answer

"Innovate or evaporate; particularly in technology-driven businesses, nothing quite recedes like success," is a characteristic that describes the most competitive companies in America.

Correct AnswerverifiedShow Answer

Competition in virtually all industries is ________.

Correct AnswerverifiedShow Answer

Which of the following is NOT a characteristic that describes the most competitive companies in America?

Correct AnswerverifiedShow Answer

Hawaii, California, and ________ already have no majority race or ethnic group.

Correct AnswerverifiedShow Answer

More Americans are moving than staying in place.

Correct AnswerverifiedShow Answer

According to I/O theorists, which of the following contributes least to firm's performance?

Correct AnswerverifiedShow Answer

The weights and total weighted scores in both a Competitive Profile Matrix and an EFE Matrix have the same meaning.

Correct AnswerverifiedShow Answer

If suppliers are unreliable or too costly, which of these strategies may be appropriate?

Correct AnswerverifiedShow Answer

Without assumptions, planning would be

Correct AnswerverifiedShow Answer

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External forces can be divided into five...
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The first one is rivalry among competing...
View Answer

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The I/O approach to competitive advantag...
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