1. Which of the following cannot be external to the organization?
weakness
threat
opportunity
All of the above can be external.
2. Which of the following cannot be internal to the organization?
strength
weakness
opportunity
All of the above can be internal.
2. Which of the following is a valid reason why a firm might pursue a flexible strategy?
Flexibility is necessary to pursue first mover advantages.
Organizational resources change.
Performance is not acceptable.
All of the above are valid reasons.
3. Which of the following is an argument for strategic flexibility?
The organization should adapt to its environment.
Risk in inherent in any strategy.
It is difficult to maintain success through a single strategy.
All of the above are arguments for strategic flexibility.
4. Which of the following is an example of a physical resource?
restructuring efforts
strategies
experience of top managers
None of the above
5. Which of the following is an example of an organizational resource?
experience
strategies
employee knowledge & skills
None of the above
6. Which of the following is not a category of firm resources?
organizational resources
physical resources
human resources
All of the above are categories of firm resources.
7. Which of the following is not a physical resource consideration?
quality of distribution network
favorable locations
production capacity
All of the above are physical resource considerations.
8. Which of the following is not a resource consideration for middle managers, supervisors, and employees?
strategically relevant knowledge
turnover
emphasis on training and development
All of the above are resource considerations.
9. Which of the following is not a resource consideration for the board of directors?
prospective contributions from members
connection to the firm
present level of investment in the firm
All of the above are resource considerations.
10. Which of the following is not a resource consideration for top managers?
experience as a member
relative experience in non-managerial roles
backgrounds and capabilities
All of the above are resource considerations.