Business E-Trivia Questions

Question 1

1. Offshoring is using other firms to perform value-creating activities that were previously performed in-house.

Accepted Answer

False

Question 2

2. Tailoring actions to the needs of an organization rather than wasting effort, or “doing the right thing”.

Accepted Answer

Effectiveness

Question 3

1. The Porter’s “_____” model. Commonly used analytical tool for examining the competitive environment

Accepted Answer

Five-forces

Question 4

6. ___________ is using other firms to perform value-creating activities that were previously performed in-house.

Accepted Answer

Outsourcing

Question 5

8. The individual capabilities, knowledge, skills, and experience of a company’s employees and managers.

Accepted Answer

Human capital

Question 6

8. A firm’s strategy and structure change as it increases in size.

Accepted Answer

True

Question 7

10. Involves in the composition of the top management team, organizational structure, and reporting relationships.

Accepted Answer

Management restructuring

Question 8

5. Informational control is a method or organizational control in which a firm influences the actions of employees.

Accepted Answer

False

Question 9

9. Refers to keeping a product going without significantly reducing marketing support.

Accepted Answer

Harvesting

Question 10

10. ____________ requires effective use of power in overcoming barriers to change.

Accepted Answer

Successful leadership

Question 11

3. ___________ is the Network of relationships that individuals have both inside and outside the organization.

Accepted Answer

Social Capital

Question 12

10. Skills is the use of new knowledge to transform organizational processes or create commercially viable.

Accepted Answer

False

Question 13

2. The __________ analysis provides greater insights into analyzing a firm’s competitive position than SWOT analysis.

Accepted Answer

Value-chain

Question 14

6. Behavioral control is focused on implementation - doing things wrong.

Accepted Answer

False

Question 15

7. Functional Structure is an organizational form in which the major functions of the firm.

Accepted Answer

True

Question 16

2. Economic Risk is the potential threat to a firm’s operations in a county due to economic policies and conditions.

Accepted Answer

True

Question 17

4. In many circumstances the best reaction is no reaction at all. This is known as forbearance.

Accepted Answer

True

Question 18

5. This includes all actions associated with providing service to enhance or maintain the value of the product.

Accepted Answer

Service

Question 19

4. Products or services that have an impact on the value of a firm’s products or services.

Accepted Answer

Complements

Question 20

7. Knowledge that is codified, documented, easily reproduced, and widely distributed.

Accepted Answer

Explicit knowledge

Question 21

9. Power is a leader’s ability to get things done in a way he or she wants them to be done.

Accepted Answer

False

Question 22

9. All corporations are subject to some regulation by the ___________.

Accepted Answer

Government

Question 23

5. __________ refers to the network or relationships that individuals have with customers and suppliers.

Accepted Answer

Social Capital

Question 24

8. Related to forbearance is the concept of “________”.

Accepted Answer

Co-opetition

Question 25

6. A characteristic or a firm’s resources that is costly to imitate.

Accepted Answer

Causal ambiguity

Question 26

4.The first step in the process of building superior human capital is _________.

Accepted Answer

Input control

Question 27

3. The development of plausible projections about the direction, scope, speed, and intensity of environmental change.

Accepted Answer

Environmental Forecasting

Question 28

3. Strategic actions is a major commitments of distinctive and specific resources to strategic initiatives.

Accepted Answer

True

Question 29

7. __________is based on the emphasis on differentiating its products and service offerings to adapt to local markets.

Accepted Answer

Multi domestic strategy

Question 30

1. It is performing actions at a low cost relative to a benchmark, or "doing things right".

Accepted Answer

Efficiency

Business E-Trivia Questions

Questions 30

Business E-Trivia Questions

Questions 30