MBA 705 Module 3 Quiz Ch 4 5 Latest Update

MBA 705 Module 3 Quiz (Ch 4 & 5) Latest Update

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"Clicks and bricks" refers to

• businesses that focus on Internet technology as well as Internet distribution.
• retailers that utilize the Internet only as a support mechanism for traditional sales.
• businesses that emphasize both Internet-mediated and traditional forms of business.

d. None of the above. - CORRECT ANSWER: C

A common suggestion to align the goals of managers with those of the stockholders is to pursue

• stock options.
• liberal vacation leave.
• lower salaries.

d. None of the above. - CORRECT ANSWER: A

A purchase of a controlling quantity of shares of a firm by an individual, a group of investors, or another organization is known as a

• leveraged buyout.
• takeover.
• stock option.

d. None of the above. - CORRECT ANSWER: B

A situation in which a firm's managers fail to act in the best interest of the shareholders is known as

• management ineffectiveness.
• the agency problem.
• managerial goal incongruity.

d. None of the above. - CORRECT ANSWER: B

A situation in which a firm's managers fail to act in the best interest of the shareholders is known as the stakeholder dilemma.

True or False? - CORRECT ANSWER: True

According to the notion of disaggregation and reaggregation,

• partnerships are usually not effective means of competing in the global marketplace.
• the Internet is not a viable means of product or service distribution.
• effective business models do not change.

d. None of the above. - CORRECT ANSWER: D

According to the notion of disaggregation and reaggregation,

• partnerships are usually not effective means of competing in the global marketplace.
• the Internet is not a viable means of product or service distribution. 1 / 2

• recent advances in Internet and related technologies, coupled with rapid economic

development in parts of Asia and Eastern Europe, has enabled firms to reorganize work processes and improve efficiency.

d. None of the above. - CORRECT ANSWER: C

Adverse selection exists when the parties in an arrangement do not share equally in the risks and benefits.

True or False? - CORRECT ANSWER: False

An individual's responsibility to make business decisions that are legal, honest, moral, and fair is known as _______

• social responsibility
• the social imperative
• managerial ethics

D. all of the above - CORRECT ANSWER: C

Any purchase of a controlling quantity of shares of a firm by an individual, a group of investors, or another organization is known as a leveraged buyout (LBO).

True or False? - CORRECT ANSWER: False

Auction facilitator eBay is an example of which form of electronic commerce?

• business-to-business (B2B)
• business-to-consumer (B2C)
• consumer-to-business (C2B)

d. consumer-to-consumer (C2C) - CORRECT ANSWER: D

Commoditization refers to the increasing difficulty firms have distinguishing their products and services from those of their rivals.

True or False? - CORRECT ANSWER: True

Contracting out a firm's non-core, non-revenue-producing activities to other organizations primarily to reduce costs is known as

• outsourcing.
• offshoring.
• mass customization.

d. commoditization. - CORRECT ANSWER: A

Corporate takeovers

• often receive substantial criticism.
• are widely supported as necessary.
• can increase debt for a firm.

d. All of the above. - CORRECT ANSWER: D

Corporate takeovers have been promoted as a system of checks and balances for firm management.

True or False? - CORRECT ANSWER: True

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