Topic-1 Executive activities can be divided into 3 basic areas that included interpersonal, informational, and_________.

A. Managerial

B. Supervisory

C. Decisional

D. Relational

C)Decisional

Topic-1 Which of the following best describes level 2 of the Level 5 Hierarchy- Model of Leadership?

A) Leaders must demonstrate teamwork abilities.

B) Leaders must prove their competency.

C) Leaders must show their ability to manage people.

D) Leaders must prove they are capable of leading a large organization.

 A. Leaders must demonstrate teamwork abilities.

Topic-1 Effective top-management teams require all except which of the following criteria?

A) The team can manage the needs of the interdependent but often diverse functional areas.

B) The team has a valuable and effective social network

C) The team is able to respond to sudden changes in the global economy.

D) The team is able to develop a coherent plan for executive succession.

C) The team is able to respond to sudden changes in the global economy.

Topic-1 Which of the following is the best description of a mission statement?

a. A statement of what the firm will be in the future.

b. A statement of the firm's values and purposes

c. A statement of the firm's measureable outcomes

d. A statement of the firm's specific targets

b. A statement of the firm's values and purposes

Topic-1 Strategy is the central, integrated,externally oriented concept of how the firm will_______.

a. achieve its objectives

b. meet invetors' expectations

c. grow in an orderly fashion

d. recruit and hire personnel

a.achieve its objectives

Topic-1 An emergent strategy is________.

A. the result of a planned srategy

B. an unplanned response to unforeseen circumstances

C. the product of careful top-down planning

mechanisms.

D. the same as a realized strategy.

B. an unplanned response to unforeseen circumstances

Topic-1 Strategic leadership is about______

A. strategy formulation

B. strategy implementation

C. how to effectively manage a company's strategy and create competitive advantage.

D. establishing effective contract processes.

C. how to effectively manage a company's strategy and create competitive advantage.

Topic-1

General managers are found_____.

A.only at the corporate level

B.only at the business level

C.only at the functional and business levels

D.only at the corporate and business levels

D.only at the corporate and business levels

Topic-1Betsy Holden is the head of Kraft Foods, a division of the Philip Morris Company. Which of the following is NOT likely to be one of Holden's responsibilities?

A.Turning corporate-level strategy into action

B.Defining Philip Morris's mission

C.Deciding how to compete in the foods industry D.Developing a business-level strategy

B.Defining Philip Morris's mission

Topic-2

Competitors who get to market later must settle for lower prices because_____.

A) technology has changed

B)there sre fewer resources available

C)there are more customers

D)prices have fallen

D)prices have fallen

Topic-2 Intel's advantage is due, in part to all but which of the following?

A) its use of engineering expertise to create valuable technologies

B)operational efficiencies that make its products proprietary standards

C)its eye-catching packaging

D)marketing skills that speed products to market

C)its eye-catching packaging

Topic-2

A manager decides that certain activities are best performed by people outside the firm. This is known as_____.

A) divesting

B)competing

C)outsourcing

D)resourcing

C)outsourcing

Topic-2 According to the VRINE model, resources and

capabilities_______.

A) are equal in their potential contributions to competive advantage.

B)can be copied from leading competitors to gain a competitive advantage

C)contribute to competitive advantage to the extent that they satisfy the components of the model.

D)are turned into strenghts when a firm gaines a competitive advantage

C)contribute to competitive advantage to the extent that they satisfy the components of the model.

Topic-2

Union Pacific Railroad has an extensive network of rail-line property. This network represesnts a tangile and_______resource.

A) copied

B)valuable

C)rare

D)common

C)rare

Topic-2

Products that are _______complex are easier to duplicate than those that are complex.

A) socially; technologically

B)technologically; socially

C)generally; rarely

D)rarely; generally

B)technologically; socially

Topic-2

Which of the following is NOT a primary activity on the value chain?

A)inbound logistics

B)marketing

C)procurement

D)service

C)procurement

Topic-2

Which of the following is NOT a support activity on the value chain?

A) sales

B)accounting

C)procurement

D)human resources

A) sales

Topic-2 Southwest Airlines is an airline industry leader. It has protected its competitive advantage by______.

A) paying its workerd higher than average wages

B)patenting specific aeronautical technologies

C)configuring its value-chain activities in an inmitable way

D)eliminating activities to the value chain that are unique

C)configuring its value-chain activities in an inmitable way

Topic-2

One of IKEA's innovations was to outsource_______to the end customer.

A) furniture assembly

B) design layout

C) furniture delivery

D) component gathering

A) furniture assembly