Strategic Management Theory & Cases An Integrated Approach 11th Edition – Test Bank

Strategic Management Theory & Cases An Integrated Approach 11th Edition by Charles W. L. Hill – Test Bank

1. Functional strategies play only a small role in organizational success because they occur at a low level in the Finn.

a. True

b. False

ANSWER:  False POINTS:  I DIFFICULTY:  Easy

LEARNING OBJECTIVES: SMIA.HILL.l5.04.01- Explain how an enterprise can use functional-level strategies to increase its efficiency

NATIONAL STANDARDS:  United States- BUSPROG: Reflective Thin- BUSPROG: Analytic

KEYWORDS:  Bloom’s: Comprehension

2. Distinctive competencies shape the functional-level strategies that a company can pursue.

a. True

b. False

ANSWER: POINTS:

DIFFICULTY:

True

I

Easy

LEARNING OBJECTIVES: SMIA.HILL.l5.04.01- Explain how an enterprise can use functional-level strategies to increase its efficiency

NATIONAL STANDARDS:  United States- BUSPROG: Reflective Thin- BUSPROG: Analytic

KEYWORDS: Bloom’s: Knowledge

3. Diseconomies of scale are the unit cost increases associated with a large scale of output.

a. True

b. False

ANSWER:  True POINTS:  I DIFFICULTY:  Easy

LEARNING OBJECTIVES: SMIA.HILL.l5.04.01- Explain how an enterprise can use functional-level strategies to increase its efficiency

NATIONAL STANDARDS:  United States- BUSPROG: Reflective Thin- BUSPROG: Analytic

KEYWORDS:  Bloom’s: Knowledge

4. The concept of economies of scale suggests that unit costs continue to fall indefinitely as output volume increases.

a. True

b. False

ANSWER: POINTS:

DIFFICULTY:

False

I

Easy

LEARNING OBJECTIVES: SMIA.HILL.l5.04.01- Explain how an enterprise can use functional-level strategies to increase its efficiency

NATIONAL STANDARDS:  United States- BUSPROG: Reflective Thin- BUSPROG: Analytic

KEYWORDS:  Bloom’s: Knowledge

5. Learning effects tend to be more significant when a technologically complex task is performed only occasionally.

a. True

b. False

ANSWER:  False POINTS:  I DIFFICULTY:  Easy

LEARNING OBJECTIVES: SMIA.HILL.l5.04.01- Explain how an enterprise can use functional-level strategies to increase its efficiency

NATIONAL STANDARDS:  United States- BUSPROG: Reflective Thin- BUSPROG: Analytic

KEYWORDS: Bloom’s: Knowledge

6. No matter how complex the task is, learning effects typically die out after a limited period of time.

a. True

b. False

ANSWER: POINTS:

DIFFICULTY:

True

I

Easy

LEARNING OBJECTIVES: SMIA.HILL.l5.04.01- Explain how an enterprise can use functional-level strategies to increase its efficiency

NATIONAL STANDARDS:  United States- BUSPROG: Reflective Thin- BUSPROG: Analytic

KEYWORDS:  Bloom’s: Knowledge

7. All else being equal, if a company moves down the experience curve faster than its rivals, it should realize a lower cost structure.

a. True

b. False

ANSWER: POINTS:

DIFFICULTY:

True

I

Easy

LEARNING OBJECTIVES: SMIA.HILL.l5.04.01- Explain how an enterprise can use functional-level strategies to increase its efficiency

NATIONAL STANDARDS:  United States- BUSPROG: Reflective Thin- BUSPROG: Analytic

KEYWORDS:  Bloom’s: Comprehension

8. Flexible production technologies allow a company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output

a. True

b. False

ANSWER: POINTS:

DIFFICULTY:

True

I

Easy

LEARNING OBJECTIVES: SMIA.HILL.l5.04.01- Explain how an enterprise can use functional-level strategies to increase its efficiency

NATIONAL STANDARDS:  United States- BUSPROG: Technology

KEYWORDS:  Bloom’s: Knowledge