Question

It has been suggested that over the next generation we could see our official working lives stretch from the current 40 years (25-65) to 55-60 years in length (retire at age 80), in line with predictions of longer productive lives. This change is in line with which component of the macro-environment?

            a. Technological

            b. Legal/Regulatory

            c. Sociocultural

            d. Economic conditions

            e. Political factors      

Which of the following is NOT among the roles performed by the board of directors vis-à-vis the strategy-making and strategy-executing process?

a. Executing oversight regarding the company’s direction, strategy, and business approaches.

            b. Overseeing the company’s accounting and financial reporting practices.

            c. Evaluating the caliber of senior executives’ strategy-making/strategy-executing skills.

d. Ensuring that compensation plans for senior executives reward them for results consistent with stakeholder interests.

            e. Conducting benchmarking studies to determine industry “best practices.”

If research demonstrates that a firm’s ROE consistently exceeds 10% then

            a. The firm has a sustained competitive advantage

            b. The firm has a competitive advantage

            c. The firm competes in an unattractive industry

            d. The firm’s managers and investors should be pleased with its performance

e. Information on ROE for other firms in the industry should be collected before concluding that the firm has a competitive advantage

Your book suggests that General Mills' brand management success draws upon the knowledge of its brand managers, the expertise of its marketing department, and its relationships with retailers. This would be an example of a(n)

            a. Tangible resource

            b. Intangible resource

            c. Capability

            d. Strategic inflection point

            e. SWOT analysis

Answer 1

Q.

It has been suggested that over the next generation we could see our official working lives stretch from the current 40 years (25-65) to 55-60 years in length (retire at age 80), in line with predictions of longer productive lives. This change is in line with which component of the macro-environment?

Correct answer is "c. Sociocultural"

Q.

Which of the following is NOT among the roles performed by the board of directors vis-à-vis the strategy-making and strategy-executing process?

Correct answer is "e. Conducting benchmarking studies to determine industry “best practices.”

Q.

If research demonstrates that a firm’s ROE consistently exceeds 10% then

Correct answer is " e. Information on ROE for other firms in the industry should be collected before concluding that the firm has a competitive advantage

Q.

Your book suggests that General Mills' brand management success draws upon the knowledge of its brand managers, the expertise of its marketing department, and its relationships with retailers. This would be an example of a(n)

Correct answer is " c. Capability"

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