We’ve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Show You can read the details below. By accepting, you agree to the updated privacy policy. Thank you! View updated privacy policy We've encountered a problem, please try again.  Strategic Management: Concepts and Cases, 13e (David) Chapter 4 The Internal Assessment 1) Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors. Answer: FALSE Diff: 1 Page Ref: 93 Topic: The Nature of an Internal Audit Objective: 4.01 Describe how to perform an internal strategic-management audit. 2) The process of performing an internal audit, compared to the external audit, provides more opportunity for participants to understand how their jobs, departments and divisions fit into the whole organization. Answer: TRUE Diff: 2 Page Ref: 93-94 Topic: The Nature of an Internal Audit Objective: 4.01 Describe how to perform an internal strategic-management audit. 3) An internal audit task force of managers could be charged with determining a specific number (usually 10 to 20) of the most important strengths and weaknesses. Answer: TRUE Diff: 2 Page Ref: 95 Topic: The Nature of an Internal Audit Objective: 4.01 Describe how to perform an internal strategic-management audit. 4) Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage Answer: FALSE Diff: 3 Page Ref: 96 Topic: The Resource-Based View Objective: 4.02 Discuss the Resource-Based View (RBV) in strategic management. 5) The basic premise of the research-based view is that the mix, type, amount and nature of a firm's internal resources should be considered first and foremost in devising strategies that can lead to sustainable competitive advantage. Answer: FALSE Diff: 2 Page Ref: 96 Topic: The Resource-Based View Objective: 4.02 Discuss the Resource-Based View (RBV) in strategic management. 6) The subtle, elusive and largely unconscious forces that shape the workplace are captured by the organizational culture. Answer: TRUE Diff: 2 Page Ref: 97 Topic: Integrating Strategy and Culture Objective: 4.03 Discuss key interrelationships among the functional areas of business. 1 Copyright © 2011 Pearson Education, Inc. In most industries, the major costs of producing a product or service are incurred withinA) marketing.B) management.C) research and development.D) operations.E) management information systems.D) operations. If total fixed costs are $10,000, variable costs per unit are $5, and the price per unit is$15, what is the breakeven quantity?________ is a commonly used approach to determine R&D budget allocations. ________ ties all business functions together and provides the basis for all managerial C) InformationAn effective information management system ________ information in such a way thatit answers important operating and strategic questions.A) collectsB) codesC) storesD) synthesizesE) all of the aboveE) all of the above ________ become(s) ________ only when evaluated, filtered, condensed, analyzed,and organized for a specific purpose, problem, individual, or time.The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing thoseproducts is calledThe initial step to implementing value chain analysis is Which of the following is the first step in developing an IFE Matrix? A) Determining the organization's structureB) Summing the weighted scores for each variableC) Listing key internal strengths and weaknessesD) Identifying the organization's functions of businessE) Assigning a weight to each factorC) Listing key internal strengths and weaknesses Which of the following is the first step in developing an IFE Matrix quizlet?Which of the following is the first step in developing an IFE Matrix? Identifying the organization's strengths and weaknesses.
Is a major component in motivation?There are three major components to motivation: activation, persistence, and intensity.
Which of the following is a summary step in conducting an internal strategic management audit?A summary step in conducting an internal strategic-management audit is to construct an Internal Factor Evaluation (IFE) Matrix.
Which primary activity is concerned with the design of products and production processes?Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.
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In most industries, the major costs of producing a product or service are incurred within
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