MGMT 4513 FINAL EXAM UPDATED

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MGMT 4513 FINAL EXAM UPDATED

ACTUAL EXAM WITH CORRECT SOLUTIONS.

Which of the following would be the most difficult to assess?

• The deficiency with which a firm utilizes its assets
• The liquidity position of a firm
• Market share growth
• The legitimacy and reputation of a firm - correct answer- D.

The legitimacy and reputation of a firm

True or False A newly acquired business must always have products that are similar to the existing businesses' products to benefit from the corporation's core competence - correct answer- False

A crash R&D program buy one firm cannot replicate a successful technology developed by another firm when research findings cumulate. This is an example of

• Social complexity
• Path dependency
• Physical uniqueness
• Casual ambiguity - correct answer- B. Path dependency
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Although firm infrastructure is often viewed only as an overhead expense, it can become a source of competitive advantage.Examples include all of the following except;

• Marketing expertise increasing a firm's revenues and

enabling it to enter new markets

• Negotiating and maintaining ongoing relations and regulatory

bodies

• Effective information systems contributing significantly to a

firm's overall cost leadership strategy

• Top management proving a key role in collaborating with

important customers - correct answer- A. Marketing expertise increasing a firm's revenues and enabling it to enter new markets

A resource is valuable and rare but neither difficult to imitate nor without substitutes. This should enable the firm to attain

• No competitive advantage
• Competitive parity
• A sustainable competitive advantage
• A temporary competitive advantage - correct answer- D. A

temporary competitive advantage

True or False

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