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Question
Real options analysis is most appropriate when _____________.
A. the total investment required is small, but the environment is uncertain
B. the investment required can be justified by Discounted Cash Flow (DCF) techniques
C. a small investment up front can be followed by a series of subsequent investments
D. there is no prospect of obtaining additional knowledge before making subsequent investments
Answer
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Related questions
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On average, approximately what percentage of corporate ventures reaches profitability within six years?
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Management innovations such as total quality, just-in-time, benchmarking, business process reengineering, and outsourcing are important, but not enough for building sustainable competitive advantage.
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Fortune Brands states they will cut corporate overhead costs by $30 million a year. This is an example of a:
A. nonfinancial strategic objective
B. financial strategic objective
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In contrast to the vision of an organization, its mission should:
A. be shorter in length
B. encompass both the purpose of the company as well as the basis of competition
C. encompass all the major rules and regulations of the corporate work force
D. be less detailed.
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Examples of __________ include: To be the happiest place on earth (Disneyland), and Restoring patients to full life (Medtronic).
A. vision statements
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C. strategic objectives
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The hierarchy of organizational goals is in this order (least specific to most specific):
A. vision statements, strategic objectives, mission statements
B. mission statements, strategic objectives, vision statements
C. vision statements, mission statements, strategic objectives
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Strategy formulation and implementation is a challenging ongoing process. To be effective, it should not involve:
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B. functional areas work together to attain overall goals
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A. appointed by the Securities and Exchange Commission
B. elected by the shareholders as their representatives
C. elected by the public
D. only allowed to serve one term of four years
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A. Corporate governance
B. Corporate-level strategy
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Objectives in organizations should be clear, stated, and known by employees throughout the organization.
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B. controls; norms
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A. boundaries and constraints
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A. Goals and objectives that are uncertain prevent opportunism.
B. Traditional strategic controls are usually inappropriate.
C. Complacency about predetermined milestones can prevent adaptability.
D. Detailed plans are needed to maintain order.