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MBA 705 - Exam 1 Questions and Answers
MBA 705 - Exam 1 Questions and Answers Mission - Correct Answer ️️ -is a broadly defined but enduring statement of purpose that identifies the scope of an organization's operations and its offerings to the various stakeholders Strategy - Correct Answer ️️ -refers to top management's plans to develop and sustain competitive advantage so that the organization's mission is fulfilled. Competitive advantage - Correct Answer ️️ -is a state whereby a firm's successful strategies ...
- Exam (elaborations)
- • 29 pages •
MBA 705 - Exam 1 Questions and Answers Mission - Correct Answer ️️ -is a broadly defined but enduring statement of purpose that identifies the scope of an organization's operations and its offerings to the various stakeholders Strategy - Correct Answer ️️ -refers to top management's plans to develop and sustain competitive advantage so that the organization's mission is fulfilled. Competitive advantage - Correct Answer ️️ -is a state whereby a firm's successful strategies ...
MBA 705 CH1 Questions and Answers
MBA 705 CH1 Questions and Answers True - Correct Answer ️️ -True or False: Strategy refers primarily to activities at the top level of the organization False - Correct Answer ️️ -True or false: Managers who are too busy to engage in strategic planning should wait until they have more free time in their schedules comparative advantage - Correct Answer ️️ -idea that certain products may be produced more cheaply or at a higher quality in particular countries due to advantages in ...
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- • 10 pages •
MBA 705 CH1 Questions and Answers True - Correct Answer ️️ -True or False: Strategy refers primarily to activities at the top level of the organization False - Correct Answer ️️ -True or false: Managers who are too busy to engage in strategic planning should wait until they have more free time in their schedules comparative advantage - Correct Answer ️️ -idea that certain products may be produced more cheaply or at a higher quality in particular countries due to advantages in ...
MBA 705 CH 8&9 Questions and Answers
MBA 705 CH 8&9 Questions and Answers Capital-Labor Substitution - Correct Answer ️️ -An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve - Correct Answer ️️ -The reduction in per-unit costs that occur as an organization gains experience producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor substitution possibilities Functional Strategies - ...
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- • 51 pages •
MBA 705 CH 8&9 Questions and Answers Capital-Labor Substitution - Correct Answer ️️ -An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve - Correct Answer ️️ -The reduction in per-unit costs that occur as an organization gains experience producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor substitution possibilities Functional Strategies - ...
MBA 705: Exam 3 Questions and Answers
MBA 705: Exam 3 Questions and Answers Capital-Labor Substitution: - Correct Answer ️️ -An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve: - Correct Answer ️️ -ncreases. Experience Curve: The reduction in per-unit costs that occur as an organization gains experience producing a product or service. Functional Strategies: - Correct Answer ️️ -The strategies pursued by each functional area of a business unit, such as...
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- • 20 pages •
MBA 705: Exam 3 Questions and Answers Capital-Labor Substitution: - Correct Answer ️️ -An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve: - Correct Answer ️️ -ncreases. Experience Curve: The reduction in per-unit costs that occur as an organization gains experience producing a product or service. Functional Strategies: - Correct Answer ️️ -The strategies pursued by each functional area of a business unit, such as...
MBA 705 - Chapter 1 – Wyatt Questions and Answers
MBA 705 - Chapter 1 – Wyatt Questions and Answers CEO duality - Correct Answer ️️ -A situation in which the CEO also serves as the chair of the board Comparative Advantage: - Correct Answer ️️ -The idea that certain products may be produced more cheaply or at a higher quality in particular countries due to advantages in labor costs or technology. Competitive Advantage - Correct Answer ️️ -A state whereby a business unit's successful strategies cannot be easily duplicated b...
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- • 13 pages •
MBA 705 - Chapter 1 – Wyatt Questions and Answers CEO duality - Correct Answer ️️ -A situation in which the CEO also serves as the chair of the board Comparative Advantage: - Correct Answer ️️ -The idea that certain products may be produced more cheaply or at a higher quality in particular countries due to advantages in labor costs or technology. Competitive Advantage - Correct Answer ️️ -A state whereby a business unit's successful strategies cannot be easily duplicated b...
MBA 705 CH 12 Questions and Answers
MBA 705 CH 12 Questions and Answers 1. Strategic control consists of determining the extent to which the organization's strategies are consistent with those of the firm's closest competitors. a. True b. False - Correct Answer ️️ -B 2. Without strategic control, there are no clear benchmarks and ultimately no reliable measurements of how the company is doing. a. True b. False - Correct Answer ️️ -A 3. Top management uses strategic control to maintain proper alignment between th...
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- • 11 pages •
MBA 705 CH 12 Questions and Answers 1. Strategic control consists of determining the extent to which the organization's strategies are consistent with those of the firm's closest competitors. a. True b. False - Correct Answer ️️ -B 2. Without strategic control, there are no clear benchmarks and ultimately no reliable measurements of how the company is doing. a. True b. False - Correct Answer ️️ -A 3. Top management uses strategic control to maintain proper alignment between th...
MBA 705 CH 2&3 Questions and Answers 100% Pass
MBA 705 CH 2&3 Questions and Answers 100% Pass False - Correct Answer ️️ -T/F external environment analysis includes an examination of industry forces False - Correct Answer ️️ -T/F External environment analysis should first occure from the perspective oft he organization True - Correct Answer ️️ -T/F Firms operating in mulitple distinct markets may be affected in different ways by macroenvironment forces in each market false - Correct Answer ️️ -T/F Macroenviroment force...
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- Exam (elaborations)
- • 26 pages •
MBA 705 CH 2&3 Questions and Answers 100% Pass False - Correct Answer ️️ -T/F external environment analysis includes an examination of industry forces False - Correct Answer ️️ -T/F External environment analysis should first occure from the perspective oft he organization True - Correct Answer ️️ -T/F Firms operating in mulitple distinct markets may be affected in different ways by macroenvironment forces in each market false - Correct Answer ️️ -T/F Macroenviroment force...
MBA 705 LSUS Mclaughlin exam 1 2024 Questions and Answers
MBA 705 LSUS Mclaughlin exam 1 2024 Questions and Answers Blockholders - Correct Answer ️️ -Large shareholders who monitor firm strategies to ensure effective management. business model - Correct Answer ️️ -The economic mechanism by which a business hopes to sell its goods or services and generate a profit. CEO duality - Correct Answer ️️ -A situation in which an individual holds both the CEO and chair of the board title competitive advantage - Correct Answer ️️ -A state ...
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- • 13 pages •
MBA 705 LSUS Mclaughlin exam 1 2024 Questions and Answers Blockholders - Correct Answer ️️ -Large shareholders who monitor firm strategies to ensure effective management. business model - Correct Answer ️️ -The economic mechanism by which a business hopes to sell its goods or services and generate a profit. CEO duality - Correct Answer ️️ -A situation in which an individual holds both the CEO and chair of the board title competitive advantage - Correct Answer ️️ -A state ...
MBA 705 - Module 2 Questions and Answers
MBA 705 - Module 2 Questions and Answers industry - Correct Answer ️️ -a group of companies that produce competing products or services critical success factors (csf) - Correct Answer ️️ -elements of the strategy that promote (but do not guarantee) success within a given industry; often shared by rivals primary industry - Correct Answer ️️ -consists of a firm's most direct competitors secondary industry - Correct Answer ️️ -consists of a firm's less direct rivals Outside...
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- • 9 pages •
MBA 705 - Module 2 Questions and Answers industry - Correct Answer ️️ -a group of companies that produce competing products or services critical success factors (csf) - Correct Answer ️️ -elements of the strategy that promote (but do not guarantee) success within a given industry; often shared by rivals primary industry - Correct Answer ️️ -consists of a firm's most direct competitors secondary industry - Correct Answer ️️ -consists of a firm's less direct rivals Outside...
LSUS MBA 705 Chapter 12 Questions and Answers
LSUS MBA 705 Chapter 12 Questions and Answers Balanced Scorecard: - Correct Answer ️️ -An approach to measuring performance based on an array of quantitative and qualitative factors, such as ROA, market share, customer loyalty and satisfaction, speed, and innovation. Best Practices: - Correct Answer ️️ -Processes or activities that have been successful in other firms. Business Process Reengineering: - Correct Answer ️️ -The application of technology and creativity in an effo...
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- • 5 pages •
LSUS MBA 705 Chapter 12 Questions and Answers Balanced Scorecard: - Correct Answer ️️ -An approach to measuring performance based on an array of quantitative and qualitative factors, such as ROA, market share, customer loyalty and satisfaction, speed, and innovation. Best Practices: - Correct Answer ️️ -Processes or activities that have been successful in other firms. Business Process Reengineering: - Correct Answer ️️ -The application of technology and creativity in an effo...
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