FREE AND STUDY GAMES ABOUT STRATEGIC EXAM 2-3

PDF Download

FREE AND STUDY GAMES ABOUT STRATEGIC EXAM 2-3

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -61 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: One of the distinguishing differences between the two sources of internal corporate venturing (autonomous strategic behavior and induced strategic behavior) is

• is encouraged through a bottom-up

• is encouraged by a product champion

Answer:

• is encouraged through a bottom-up or top-down process.

Question 2: In the implementation of internal innovations, formal and informal processes are best supported through ____ organizational structures.

• vertical

• horizontal

• functionally oriented

• multidivisional

Answer:

• horizontal

Question 3: Because it replaces existing products and methods of production, entrepreneurship

is a process of:

• harnessing the human potential.

• creative destruction.

• creation of opportunity.

• exploitation of innovation.

Answer:

• creative destruction.

Question 4: The competition for resources among those representing different organizational

functions within a firm often leads to:

• erosion of social capital.

• heightened communication.

• organizational politics.

Answer:

• organizational politics.

Question 5: Induced strategic behavior is a process that fosters product innovations that:

• are likely to change a firm's strategic

• will lead to greater financial returns.

• are aligned closely with current strategy and structure.

Answer:

• are aligned closely with current strategy and structure.

Question 6: Charles is a customer service representative for a home improvement store.

• uses the induced strategic behavior form of internal corporate venturing.

• uses the autonomous strategic behavior form of internal corporate venturing.

Answer:

• uses the autonomous strategic behavior form of internal corporate venturing.

Question 7: 3M's Cubitron II, described as "an industrial abrasive that cuts faster, lasts longer, sharpens itself

• imitation of a competitor's product.

• a novel innovation.

• an incremental innovation.

Answer:

• an incremental innovation.

Question 8: . Innovation creates a(n):

• opportunity for a new product or process.

• new product or process.

• commercial product.

• idea for potential exploitation.

Answer:

• commercial product.

Question 9: Products developed through ______ are often offered at lower prices without as many features as products developed through ______.

• innovation; imitation

• imitation; invention

• imitation; innovation

• innovation; invention

Answer:

• imitation; innovation

Question 10: AgroPharm is searching for a top-level executive. AgroPharm has marketed its products only to U.S. far

• be of Hispanic descent.

• have international experience.

• possess an advanced degree in animal science.

ms

Answer:

• have international experience.

Question 11: ____ is one of the reasons for the differences in rates of entrepreneurship among different countries.

• Climate

• Competitiveness

• Culture

• Constitution

Answer:

• Culture

Question 12: The level of entrepreneurial activity in a nation is ____ the nation's level of economic development.

• negatively related to

• independent of

• positively related to

• weakly related to

Answer:

• positively related to

Question 13: Research shows that internationally diversified firms tend to be ____ than domestic-only firms.

• less profitable

• more innovative

• less technologically advanced

• more likely to have an individualistic culture