1. As part of its training, most military academies teach the:
- Nine Principles of War.
- Seven Principles of Success.
- Five Keys to Effectiveness.
- Eight Steps to Efficiency.
2. The Sarbanes-Oxley Act of 2002 is a U.S. federal law designed to protect investors by improving the accuracy and reliability of:
- the corporate vision.
- the corporate mission.
- corporate disclosures.
- the balanced scorecard.
3. Imitability of a resource can occur through:
- duplication.
- exploitation.
- substitution.
- duplication and substitution.
4. The use of equipment, materials, knowledge, and experience to perform tasks is defined as:
- the information revolution.
- technology.
- labor allocation.
- resource allocation.
5. The various studies of organizational environments can be summarized from the following perspective(s):
- environment as a source of information.
- environment as a source of resources.
- environment as a source of power.
- environment as a source of information and of resources.
6. __________ refers to cost savings that you get as volume increases.
- Switching costs
- Economic costs
- Economies of scale
- Leveraged costs
7. Why is an internal analysis important?
- It is the only way to assess an organization's competitive environment.
- It is needed for making good strategic decisions.
- It establishes organizational goals and objectives.
- It assists in product positioning.
8. In Mintzberg's typology, __________ is a way to differentiate.
- price
- adaptability
- focus
- niche
10. A more dramatic response to a failing organization may be:
- a joint venture strategy.
- a turnaround strategy.
- a vertical integration strategy.
- a long-term contract.
11. __________ refers to the values and attitudes shared by individuals from a specific country that shape their behavior and their beliefs about what is important.
- National culture
- National values
- International value systems
- Global culture