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Question
In an EFE Matrix, opportunities often receive higher weights than threats, but threats too can receive high weights if they are especially severe or threatening.
Answer
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One of the dangers of remaining a local competitor is that more aggressive companies will use their global growth to capture economies of scale and learning.
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All of the following are limitations of the BCG Matrix EXCEPT
A) Viewing every business as a star, cash cow, dog or question mark can be an oversimplification.
B) The Matrix requires at least three years worth of data.
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D) The Matrix does not allow a company to be classified as somewhere in between two categories.
E) Variables such as size of market and competitive advantages are not considered in the Matrix.
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Which of the following is NOT a major approach to R&D?
A) To be a pioneer
B) To be an innovative imitator
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After a draft mission statement has been developed, it is important to
A) ask managers to read several articles about mission statements as background information.
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C) ask managers to prepare a mission statement for the organization.
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R&D employees and managers perform all of the following tasks EXCEPT
A) transferring complex technology
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In the BCG Matrix, a division with a high relative market share position in a low-growth industry can be described as a
A) Star.
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In the BCG Matrix, when a division of an organization has a high relative market share and is in a fast-growing industry, it is called a
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In the BCG Matrix, how would a division with a low relative market share position in a high growth industry be described?
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B) Cash Cow
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Opportunity analysis is one of the basic functions of
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B) finance/accounting.
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E) research and development.
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In the context of conflict management and resolution, ignoring the problem in the hopes that the conflict will resolve itself is classified as a defusion technique.
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The most admired electronics company in 2011 was Tyco International.
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Since the 1980s, most countries including the U.S. have been steadily lowering their tax rates.
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Production processes typically constitute less than 50 percent of a firm's total assets.
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There were only 106 public U.S. companies filing bankruptcy in 2010, less than half the 211 public firms that filed the prior year.
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Market commonality is the extent to which the type and amount of a firm's internal resources are comparable to a rival.
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Corrective actions are almost always ________ except when external and internal factors have not significantly changed and the firm is progressing satisfactorily toward achieving stated objectives.
A) unnecessary
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Intelligence gathering is an unethical business practice.
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Desire for ________ is a part of the social fabric in worker-manager relations in Mexico.
A) harmony
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Quantitative forecasts become less accurate as historical relationships become less stable.
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Followed by commitment, understanding is the most important benefit of strategic management.
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Corrective actions should always
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B) streamline asset holdings.
C) have no risk.
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Differentiation guarantees competitive advantage.
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In general, U.S. managers feel the day has been productive if it is spent
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D) meditating.
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Linear regression is based on the assumption that the future will be different from the past.
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Low-performing firms typically underestimate their competitor's strengths and overestimate their own firm's strengths.
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Liquidation is often appropriate when retrenchment and divestiture have failed.
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Significant barriers to entry are not always sufficient to keep some new firms from entering industries with higher-quality products, lower prices, and substantial marketing resources.
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