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Mixed Quiz
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1

Strategy must place realistic requirements on competitors' resources.
A)True
B)False
2

According to the resource-based view, each firm possesses a unique "bundle" of resources.
A)True
B)False
3

Resources consist of tangible assets only.
A)True
B)False
4

Brand name is an organizational capability.
A)True
B)False
5

Causal ambiguity is one of four isolating mechanisms.
A)True
B)False
6

The term "resources" consists of
A)tangible assets
B)intangible assets
C)organizational capabilities
D)all of the above
7

Company reputation is an example of a(n)
A)tangible asset
B)intangible asset
C)organizational capability
D)organizational liability
8

________ refers to the ability and ways of combining assets, people, and processes to transform inputs into outputs.
A)Tangible assets
B)Intangible assets
C)Organizational capabilities
D)Organizational processes
9

_________ are often found on a firm's balance sheet.
A)Tangible assets
B)Intangible assets
C)Organizational capabilities
D)Strategies
10

_______ make resources difficult to imitate.
A)Organizational capabilities
B)Isolating mechanisms
C)Core competencies
D)Organizational liabilities
11

Which of the following is NOT a characteristic that makes resources difficult to imitate?
A)Physical uniqueness
B)Path-dependence
C)Causal rigidity
D)Economic deterrence
12

When it is difficult for competitors to understand exactly how a firm has created the advantage it enjoys, the isolating mechanism is called
A)economic deterrence
B)causal ambiguity
C)path-dependence
D)strategic complexity
13

Making large capital investments in capacity to provide products or services in a given market that are scale sensitive is an example of
A)causal ambiguity
B)economic deterrence
C)path-dependence
D)strategic complexity
14

The slower a resource depreciates, the more ________ it is.
A)tangible
B)valuable
C)valueless
D)intangible
15

When we disaggregate resources, we
A)keep the valuable ones and discard the rest
B)acquire needed resources
C)break them down into more specific competencies
D)develop valuable resources
16

Which of the following defines a threat?
A)A major favorable situation in a firm's environment
B)A major unfavorable situation in a firm's environment
C)A resource advantage relative to competitors
D)A limitation or deficiency in one or more resources or competencies
17

When a strength gives the firm a comparative advantage in the marketplace, it is called a(n)
A)intangible asset
B)tangible asset
C)distinctive competence
D)organizational capability
18

________ attempts to understand how a business creates customer value by examining the contributions of different activities within the business to that value.
A)Resource disaggregation
B)Value chain analysis
C)Strategic analysis
D)Strategy formulation
19

__________ is comparing the way a company performs a specific activity with a competitor or another company doing the same thing.
A)Strategizing
B)Benchmarking
C)Reengineering
D)Reorganizing
20

Which of the following is NOT a basic perspective to evaluate where a firm stacks up on its internal capabilities?
A)Comparison with future performance
B)Stages of industry evolution
C)Comparison with competitors
D)Comparison with success factors in the industry







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