STR/581 STR581 Week Three Quiz (18/18) - 57123

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1. One of the limitations of the SWOT analysis is that it can be
complex
simple
dynamic
static

2. This structure is one in which a set of relatively autonomous units are governed by a central corporate office but where each operation has its own functional specialists who provide products or services that are different from those of other operations.

Product-team structure
Functional organizational structure
Matrix organizational structure
Divisional organizational structure

3. Value chain analysis takes a

process point of view
functional point of view
horizontal point of view
corporate point of view

4. Today, global means

using resources from other markets
locating operations in numerous countries
selling goods in overseas markets
getting resources and talent from around the globe and selling worldwide

5. This is a method of comparing the way a company performs a specific activity with a competitor, potential competitor, or company doing the same thing.

Imitating
Vertical integration
Benchmarking
Value chain analysis

6. The structure of a simple organization

slightly increases the owner's(s') control
minimizes the owner's(s') control
limits the owner's(s') control
maximizes the owner's(s') control

7. Once a hypothesis about competitive advantage has been developed by a firm through three circles analysis, it should be tested by

conducting a value chain analysis
asking the Board of Directors
asking customers
asking a panel of experts

8. This is an organization structure most notable for its lack of structure wherein knowledge and getting it to the right place quickly is the key reason for the organization.

Modular organization
Learning organization
Joint venture
Ambidextrous organization

9. In VCA, which method of cost accounting is preferred?

Financial cost accounting
Traditional cost accounting
Value-based cost accounting
Activity-based cost accounting

10. Twenty-first-century corporations reflect

structured interaction
the top-down approach
internal focus
interdependency

11. The first step of this type of analysis involves a firm determining what their customers value and why they value it.
SWOT analysis
Three circles analysis
Value chain analysis

Resource-based view

12. This type of organizational structure combines the advantages of functional specialization with the advantages of product-project specialization.

Divisional organization
Specialization business
Matrix structure
Product-team structure

13. Companies committed to this process attempt to isolate and identify where their costs or outcomes are out of line with what they identify as the best practices of competitors or other companies or organizations that undertake similar tasks.

Disaggregating
Benchmarking
Vertical integration
Imitating

14. Which of the following is an example of a primary activity in the typical firm?

Research, technology and systems development
Logistics
General administration
Human resources management

15. One of the limitations of SWOT analysis is that it can do this to a single strength or element of strategy.

Underemphasize
Overemphasize
Rationalize
Misrepresent

16. This type of organization or structure is one that identifies a set of business capabilities central to high-profitability operations and then builds a virtual organization around those capabilities.

Modular organization
Virtual structure
Ambidextrous organization
Agile organization

17. This is an internal analysis technique wherein strategists examine customers’ needs, company offerings, and competitors’ offerings to more clearly articulate what their company’s competitive advantage is and how it differs from those of competitors.

Three circles analysis
SWOT analysis
Resource-based view
Value chain analysis

18. These are arrangements between two or more companies in which they both contribute capabilities, resources, or expertise to a joint undertaking, usually with an identity of its own, with each firm giving up overall control in return for the potential to participate in and benefit from the relationship.

Strategic alliances
Contractual diversification
Joint ventures
Outsourcing agreements

Solution Description

1. One of the limitations of the SWOT analysis is that it can be
complex
simple
dynamic
static

2. This structure is one in which a set of relatively autonomous units are governed by a central corporate office but where each operation has its own functional specialists who provide products or services that are different from those of other operations.

Product-team structure
Functional organizational structure
Matrix organizational structure
Divisional organizational structure

3. Value chain analysis takes a

process point of view
functional point of view
horizontal point of view
corporate point of view

4. Today, global means

using resources from other markets
locating operations in numerous countries
selling goods in overseas markets
getting resources and talent from around the globe and selling worldwide

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