David_TIF_Ch04 - 67 CHAPTER 4 The Internal Assessment True/False The Nature of an Internal Audit 1 Opportunities are a firms distinctive

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CHAPTER 4 The Internal Assessment True/False The Nature of an Internal Audit 1. Opportunities are a firm’s distinctive competencies that cannot be easily matched or imitated by competitors. Ans: F Page: 123 2. The process of performing an internal audit, compared to the external audit, provides more opportunity for participants to understand how their jobs, departments and divisions fit into the whole organization. Ans: T Page: 123 3. An internal audit task force of managers could be charged with determining a specific number (usually 10 to 20) of the most important strengths and weaknesses. Ans: T Page: 124 The Resource-Based View 4. Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage Ans: F Page: 125 5. The basic premise of the research-based view is that the mix, type, amount and nature of a firm’s internal resources should be considered first and foremost in devising strategies that can lead to sustainable competitive advantage. Ans: T Page: 125 Integrating Strategy and Culture 6. The subtle, elusive and largely unconscious forces that shape the workplace are captured by the organizational culture. Ans: T Page: 126 67
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7. Cultural products include values, beliefs, stories, and language. Ans: T Page: 126 8. Metaphors are handed-down narratives of some wonderful event that is based on history but has been embellished with fictional detail. Ans: F Page 127 9. A ritual is a standardized, detailed set of techniques and behaviors that manage anxieties but seldom produce intended, technical consequences of practical importance. Ans: T Page 127 10. In China, business behaviors revolve around guanxi, or personal relations. Ans: T Page: 128 11. Linkages between a firm’s culture and strategies often determine success. Ans: T Page: 128 12. The U.S. understanding of Far Eastern cultures is a strength its firms have in competing with Pacific Rim firms. Ans: F Page: 129 13. In China, to show that you enjoyed your meal, you should completely finish your food. Ans: F Page 129 14. The smile is one form of communication that works the same worldwide. Ans: T Page 129 15. In the U.S., personal achievement and accomplishments are more important than time spent with the family and the quality of relationships espoused by some cultures. Ans: T Page: 130 16. Punctuality, in general, is revered in all cultures of the world. Ans: F Page: 130 68
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17. In the United States, an amicable relationship is often mandatory before conducting business. Ans: F Page: 131 Management 18. Allocating resources is one of the five basic activities (functions) performed by managers. Ans: F
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This note was uploaded on 01/20/2012 for the course MGT 104 taught by Professor Tim during the Spring '11 term at Aims Community College.

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David_TIF_Ch04 - 67 CHAPTER 4 The Internal Assessment True/False The Nature of an Internal Audit 1 Opportunities are a firms distinctive

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