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Download 25 MCQ According to IO Theorists, Which of the Following Contributes Least to Firm Performance

Download 25 MCQ According to IO Theorists, Which of the Following Contributes Least to Firm Performance

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1) According to I/O theorists, which of the following contributes least to firm performance? A) Internal resourcesB) Product differentiationC) Level of competitivenessD) Barriers to market entryE) Economies of scale2) What happens to the demand for discretionary goods when interest rates rise? A) Stays the sameB) RisesC) DeclinesD) First rises then declinesE) No way to tell3) In general, what happens to American goods in overseas markets when there is a strong dollar? A) Less expensiveB) Cheaper C) More expensiveD) DesirableE) More attractive4) Which state has the oldest average population? A) Florida
 
B) MaineC) UtahD) AlaskaE) California5) Americans are on the move in a population shift to A) the South and West.B) the Midwest and South.C) the Northeast and Midwest.D) the frost belt.E) Canada.6) When an industry relies heavily on government contracts, which forecasts can be the mostimportant part of an external audit? A) EconomicB) CompetitiveC) TechnologicalD) PoliticalE) Multinational7) The world of biopolitics includes A) assisted suicide.B) cloning.C) abortion.D) genetic engineering.E) all of the above8) Technological advancements can create new ________ advantages that are more powerful than existingadvantages. A) economicB) environmentalC) comparativeD) socialE) competitive9) A systematic and ethical process for gathering and analyzing information about the competi-
tion’s activities and general trends to further a business’ own goals is called
  A) artificial intelligence.B) information sharing.C) competitive intelligence.D) competitive advantage.E) unethical business practice.10) ________ is not a basic mission of a competitive intelligence program. A) To identify areas where competitors are vulnerable and to assess the impact strategic actionswould have on competitorsB) To provide a general understanding of an industryC) To pro
vide a general understanding of a company’s competitors
 D) To identify industry executives who could be hired by the firm
E) To identify potential moves a competitor might make that would endanger a firm’s position in
 the market11) What is not one of Mich
ael Porter’s five competitive forces?
  A) New entrantsB) Rivalry among existing firms
 
C) Bargaining power of unionsD) Bargaining power of buyersE) Bargaining power of suppliers12) If suppliers are unreliable or too costly, which of these strategies may be appropriate? A) Backward integrationB) Concentric diversificationC) Forward integrationD) Horizontal integrationE) Market penetration13) Who does a planning horizon of two to five years apply to? A) lower managementB) general managementC) middle managementD) top managementE) all levels of management14) The international challenge faced by U.S. business is twofold A) how to increase exports to other countries and how to increase imports from other countries.B) how to defend domestic markets against imported goods while minimizing exports.C) how to gain and maintain exports to other nations and how to defend domestic markets againstimported goods.D) how to gain exports to other nations and enhance market share for imported goods in domestic markets.E) how to enhance imported goods in domestic markets and minimize exports to other nations.15) Globalization of industries is occurring for all of these reasons except A) e-commerce and the instant transmission of money and information across continents.B) a worldwide trend toward different consumption patterns.C) the emergence of global sellers.D) a worldwide trend toward similar consumption patterns.E) the emergence of global buyers.16) What is the first step in designing an EFE Matrix? A) Determining four competitorsB) Summing the weighted score for each competitor C) Identifying key external factors in the industryD) Calculating the sales of each competitor E) Drawing the horizontal and vertical lines for the matrix17) Who should perform an internal audit? A) The chief executive officer 
B) The organization’s accounting department
 C) Managers from different units of the organizationD) A team of top-level managers and lower-level employeesE) A private auditing firm18) Synergy is A) when a team effort is used to achieve desired results.B) when financial expectations of the firm are decided upon.C) synthetic energy.D) when individuals work separately to achieve desired results.E) employee energy.19) Which management function includes breaking tasks into jobs, combining jobs to form departments anddelegating authority?

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