Devry BUSN412 Week 3 Quiz

BUSN 412 Week
3 Quiz
1. Question :
Information technology, such as email, has increased in
organizations over the years, which has helped to:
Restrict social network growth
Create smaller social networks
Communicate information efficiently
Make more effective use of time in every situation
2. Question :
The following characterizes the creation of knowledge assets:
High upfront costs and subsequent high variable costs
High fixed costs and high variable costs
Low upfront costs and high variable costs
High upfront costs and low variable costs
3. Question :
John Steele was asked to take over a project after the entire team
left his organization. The term that describes his ability to reconstruct what
the team had accomplished through reading emails exchanged by the previous
team’s members can be considered:
Inefficient use of information management
Using tacit knowledge
Usage of project knowledge
Using explicit knowledge
4. Question :
The following are examples of how intellectual property can be
managed except:
Converting explicit knowledge to tacit knowledge
Copyrights and trademarks
Patents
Contracts with confidentiality and noncompete clauses
5. Question :
Dynamic capabilities include all of the following except:
Learning and innovating
The ability of an organization to challenge the conventional
industry in its industry and market
Becoming more efficient in operational processes
Continuously adopting new ways of serving the evolving needs of
the market
6. Question :
When there are few segments, the emphasis on process design is
low, and the major functional areas of concern are general management and
finance, this can be said to be the ____________ stage of the industry life
cycle.
growth
maturity
decline
introduction
7. Question :
When there is(are) ____________________, we should likely pursue a
harvest strategy:
decline in the market life cycle
high growth
strong competitive advantage
mergers and acquisitions
8. Question :
During the decline stage of the industry life cycle, __________
refers to obtaining as much profit as possible and requires that costs be
decreased quickly.
maintaining
harvesting
exiting
consolidating
9. Question :
Research shows that the following are all strategies used by firms
engaged in successful turnarounds except:
Asset and cost surgery
Selective product and market pruning
Global expansion
Piecemeal productivity improvements
10. Question :
It can be said that during a turnaround, piecemeal productivity
improvements do not involve:
Expansion of a firm’s product market scope
Business process reengineering
Increased capacity utilization
Benchmarking
11. Question :
Use the value chain as a framework to explain how a firm can
achieve a competitive advantage of overall cost leadership.