BUSN412 Week 3 Quiz Devry

BUSN412 Week 3 Quiz Devry
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Devry university BUSN412 Week 3 Quiz 100% Correct answers

1. Question :

Information technology, such as email, has increased in organizations over the years, which has helped to:

Restrict social network growth 

Create smaller social networks 

Communicate information efficiently 

Make more effective use of time in every situation 

2. Question :

 The following characterizes the creation of knowledge assets:

High upfront costs and subsequent high variable costs 

High fixed costs and high variable costs 

Low upfront costs and high variable costs 

High upfront costs and low variable costs 

3. Question : 

John Steele was asked to take over a project after the entire team left his organization. The term that describes his ability to reconstruct what the team had accomplished through reading emails exchanged by the previous team’s members can be considered:

Inefficient use of information management 

Using tacit knowledge 

Usage of project knowledge 

Using explicit knowledge 

4. Question : 

The following are examples of how intellectual property can be managed except:

Converting explicit knowledge to tacit knowledge 

Copyrights and trademarks 

Patents 

Contracts with confidentiality and noncompete clauses 

5. Question : 

Dynamic capabilities include all of the following except:

Learning and innovating 

The ability of an organization to challenge the conventional industry in its industry and market 

Becoming more efficient in operational processes 

Continuously adopting new ways of serving the evolving needs of the market 

6. Question :

When there are few segments, the emphasis on process design is low, and the major functional areas of concern are general management and finance, this can be said to be the ____________ stage of the industry life cycle.

growth 

maturity 

decline 

introduction 

7. Question : 

When there is(are) ____________________, we should likely pursue a harvest strategy:

decline in the market life cycle 

high growth 

strong competitive advantage 

mergers and acquisitions 

8. Question :

 During the decline stage of the industry life cycle, __________ refers to obtaining as much profit as possible and requires that costs be decreased quickly.

maintaining 

harvesting 

exiting 

consolidating 

9. Question : 

Research shows that the following are all strategies used by firms engaged in successful turnarounds except:

Asset and cost surgery 

Selective product and market pruning 

Global expansion 

Piecemeal productivity improvements 

10. Question : 

It can be said that during a turnaround, piecemeal productivity improvements do not involve:

Expansion of a firm’s product market scope 

Business process reengineering 

Increased capacity utilization 

Benchmarking 

11. Question : 

Use the value chain as a framework to explain how a firm can achieve a competitive advantage of overall cost leadership.