BUSN 412 Week 3 Quiz

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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


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.





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.





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


11. Question :

Use the value chain as a framework to explain how a firm can achieve a competitive advantage of overall cost leadership.


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