FinalMultiple - BUS5480 - Strategic Management Term: Summer...

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Test Review - LUTHER SETZER Your test grade is 70 % The professor has configured this test to allow students to review : Questions answered incorrectly . Questions answered correctly . Students answers . Correct answers . QUESTION 1 [QUESTION BANK ID: 116790] TYPE: MULTIPLE CHOICE CORRECT Multicountry competition is best characterized as a situation where The competitive arena among rival companies involves several neighboring countries , rather than either a single country or the world market as a whole Competition is mainly among the domestic companies of a few neighboring countries ( five countries at most ) There are extensive trade restrictions , sharply fluctuating exchange rates , and high tariff barriers in many country markets that work against the formation of a true world market Competition among domestic companies predominates , and foreign competitors are a minor factor There is no international or global market , just a collection of mostly self - contained country markets QUESTION 2 [QUESTION BANK ID: 126884] TYPE: MULTIPLE CHOICE CORRECT Which of the following is not accurate as concerns a company ' s competencies and capabilities ? Competencies and capabilities that grow stale can impair competitiveness unless they are refreshed , modified or even phased out and replaced in response to ongoing market changes and shifts in company strategy Core competencies have to be tweaked and adjusted to keep them fresh and responsive to changing customer needs and market conditions The imperatives of keeping capabilities in step with ongoing strategy and market changes make it appropriate to view a company as a bundle of evolving competencies and capabilities A B C D E A B C BUS 5480 - Strategic Management Term : Summer 2 2011 | Student Access : 7 . 4 . 2011 12 : 00 AM EDT - 8 . 28 . 2011 11 : 59 PM EDT | Section : 2
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Even after core competencies and competitive capabilities are in place and functioning , company managers can ' t relax they still have wrestle with when and how to recalibrate existing competencies and capabilities and when and how to develop new ones When a company succeeds in hiring talented employees and training them properly , competencies and capabilities tend to blossom quickly and , once put in place , can last for a decade or more QUESTION 3 [QUESTION BANK ID: 78901] TYPE: MULTIPLE CHOICE CORRECT Codes of ethics and statements of core values Are the single most effective means of enforcing ethical Securent and cultural norms , provided they are written down and every employee is given a copy Serve as cornerstones of the corporate culture at companies where executives are truly committed to practicing the values and ethical standards that have been espoused Are the best benchmarks for judging whether the corporate culture is deeply planted or not Need to be personally written by the CEO in order to be taken seriously by employees Should always be given top priority emphasis in every employee training program a company conducts
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This note was uploaded on 08/25/2011 for the course BUS 5480 taught by Professor Nwabueze during the Summer '11 term at FIT.

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FinalMultiple - BUS5480 - Strategic Management Term: Summer...

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