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STR 581 Week 3 Practice Quiz

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STR 581 Week 3 Practice Quiz

  • 1

This structure is one in which a set of relatively autonomous units are governed by a central corporate office but where each operation has its own functional specialists who provide products or services that are different from those of other operations.

 

Product-team structure

Divisional organizational structure

Functional organizational structure

Matrix organizational structure

Correct

  • 2

This type of organizational structure combines the advantages of functional specialization with the advantages of product-project specialization.

 

Specialization business

Matrix structure

Divisional organization

Product-team structure

Correct

  • 3

Today, global means

using resources from other markets

locating operations in numerous countries

selling goods in overseas markets

getting resources and talent from around the globe and selling worldwide

Correct

  • 4

Once a hypothesis about competitive advantage has been developed by a firm through three circles analysis, it should be tested by

 

asking a panel of experts

conducting a value chain analysis

asking the Board of Directors

asking customers

Correct

  • 5

Companies committed to this process attempt to isolate and identify where their costs or outcomes are out of line with what they identify as the best practices of competitors or other companies or organizations that undertake similar tasks.

 

Benchmarking

Vertical integration

Disaggregating

Imitating

Correct

  • 6

The structure of a simple organization

 

slightly increases the owner’s(s’) control

minimizes the owner’s(s’) control

maximizes the owner’s(s’) control

limits the owner’s(s’) control

Correct

  • 7

One of the limitations of the SWOT analysis is that it can be

complex

simple

dynamic

static

Correct

  • 8

This is an organization structure most notable for its lack of structure wherein knowledge and getting it to the right place quickly is the key reason for the organization.

 

Modular organization

Learning organization

Joint venture

Ambidextrous organization

Correct

  • 9

The first step of this type of analysis involves a firm determining what their customers value and why they value it.

 

SWOT analysis

Three circles analysis

Value chain analysis

Resource-based view

Correct

  • 10

One of the limitations of SWOT analysis is that it can do this to a single strength or element of strategy.

 

Rationalize

Overemphasize

Underemphasize

Misrepresent

Correct

  • 11

Value chain analysis takes a

 

corporate point of view

horizontal point of view

functional point of view

process point of view

Correct

  • 12

This type of organization or structure is one that identifies a set of business capabilities central to high-profitability operations and then builds a virtual organization around those capabilities.

 

Agile organization

Virtual structure

Ambidextrous organization

Modular organization

Correct

  • 13

Twenty-first-century corporations reflect

 

interdependency

structured interaction

internal focus

the top-down approach

Correct

  • 14

This is an internal analysis technique wherein strategists examine customers’ needs, company offerings, and competitors’ offerings to more clearly articulate what their company’s competitive advantage is and how it differs from those of competitors.

 

SWOT analysis

Value chain analysis

Three circles analysis

Resource-based view

Correct

  • 15

In VCA, which method of cost accounting is preferred?

 

Financial cost accounting

Traditional cost accounting

Value-based cost accounting

Activity-based cost accounting

Correct

  • 16

This is a method of comparing the way a company performs a specific activity with a competitor, potential competitor, or company doing the same thing.

 

Value chain analysis

Vertical integration

Benchmarking

Imitating

Correct

  • 17

Which of the following is an example of a primary activity in the typical firm?

 

General administration

Human resources management

Logistics

Research, technology and systems development

Correct

  • 18

These are arrangements between two or more companies in which they both contribute capabilities, resources, or expertise to a joint undertaking, usually with an identity of its own, with each firm giving up overall control in return for the potential to participate in and benefit from the relationship.

 

Outsourcing agreements

Joint ventures

Strategic alliances

Contractual diversification