Kahoot Questions

Which one is part of four buckets of acquisition that Anil Hansjee, head corporate development of Google discussed? a) Strategic acquisition b) Bet of future c) Field experience d) Acquiring deep expertise in R&D

All

Which of the following is not a basic element of a full sense strategy? a) a goal b) a strategic leader c) a deliberation that connects actions with goal d) a series of actions

C - Strategic Leader

T OR F: A significant improvement in gas mileage efficiency is an economic issue for automobile industry

False

T OR F: Cell phone manufacturers are complementary to retail industry because retailers need to use cell phones to communicate

False

T OR F: Core competencies of a company never change

False

T OR F: External opportunities mainly come from the industry level environment of a firm

False

T OR F: Gap uses a related diversification strategy by owning different brands such as Old Navy and Gaps (Women, Men)

False

T OR F: If two companies own exactly same types and amount of resources, they would create exactly same amount of use value

False

T OR F: Mcdonald's introduction of breakfast is a corporate diversification move

False

T OR F: Subway is introducing a burger to their offering. This is a corporate level diversification move

False

T OR F: Tangible resources are more likely to be the strategic resources of a company than intangible resources

False

T OR F: The benefits that the first movers enjoy are always greater than the risks undertaken by the first movers

False

T OR F: Walmart is using a diversification strategy by selling a variety of products, from TVs to grocery

False

T OR F: a cost leader in the industry should never change their operational procedures since change adds costs

False

T OR F: every business organization has a well stated strategy

False

True or False - Every Business organization has a well stated strategy

False

YES OR NO: If you were the shareholder of Time Warner would you approve a merger with American on line company?

No

T OR F: A firm could use acquisitions or/and mergers to achieve both related an unrelated diversification

True

T OR F: Coke and Pepsi are used as pesticides in India, because they are cheap and get things done

True

T OR F: Core competencies are generally hard to imitate by competitors

True

T OR F: Disney launches a diversification strategy by acquiring ESPN network

True

T OR F: Having competitive advantages is necessary for a firm to achieve superior performance relative to its competitors

True

T OR F: One disadvantage of diversification is that a company may lose power in a single market

True

T OR F: Supportive activities in a firm may create more value for a firm than primary activities

True

T OR F: it is easier to predict the future of an industry than the future of a comapny

True

Porter's 5 forces analysis helps evaluate (more than one) a) The average profitability of all firms in an industry at a given time b) The profit potential of an industry at a given time c) The competitive advantages of a firm in an industry d) The profit potential of the best performing companies in an industry

a & b - The average profitability of all firms in an industry at a given time & The profit potential of an industry at a given time

Which is NOT a major risk of using mergers and acquisitions? a) Confusion caused customers b) Integration risks c) Managers overly focused on mergers and acquisitions d) Extraordinary debt put on by an acquiring company

a - Confusion caused customers

Which of the following is not an approach to penetrating a foreign country? a) Diversification b) Exports c) Franchising d) Acquisition

a - Diversification

Which of the following market entry modes is best for a small company with little know how to enter a foreign market? a) Exporting b) Acquisition c) Establishing a joint venture d) greenfield establishment

a - Exporting

Which of the following is NOT an option of restructuring of a merger or acquisition turned out to be a failure? a) Filing for bankruptcy b) Down scope c) Downsizing d) Leveraged buyout

a - Filing for bankruptcy

What organizational structure should be used to implement business level strategies? a) Functional b) Divisional c) Matrix d) Horizontal

a - Functional

Which of the following is NOT a major barrier for integration of two companies post M&A's? a) Integration of ownership b) Cultural differences between two organizations c) Differences in financial and control systems between the two organizations d) Managerial style differences between two organizations

a - Integration of ownership

Which of the following is a horizontal integration move? a) Microsoft acquired Skype b) Tesla develops battery and starts selling to competitors c) Microsoft produces surface computer d) Ford Motor starts producing tires

a - Microsoft acquired Skype

Which of the following moves suggests that a company is using a cooperative strategy? a) Microsoft invested 150 million in Apple in 1997 to get nonvoting shares b) Apple decided to use its own microchip in its laptop c) Target company added a supplier of clothing to get clothings for sale d) Microsoft spent 9.5 billion to purchase a business division of Nokia

a - Microsoft invested 150 million in Apple in 1997 to get nonvoting shares

What benefit does a matrix structure offer in organizing? a) Promote teamwork across both divisions and functional areas b) Fast response to customer demands for cross functional coordination c) Very clear chain of commands d) Facilitate the development of expertise in a functional area

a - Promote teamwork across both divisions and functional areas

Which of the following benefits from accessing complementary resources in their international moves? a) Royal Dutch Shell company's acquisition of Canadian oil fields b) Target acquired Zeller's store chain in Canada c) Toyota acquired licenses to produce sedans in Kentucky d) Bloomingdale opened its first mall outside the USA in Dubai in 2010

a - Royal Dutch Shell company's acquisition of Canadian oil fields

Microsoft sells its operating system through licensing it to computer manufacturers such as Dell a) This is a strategic alliance b) This is a joint venture c) This is a diversification move d) This is an acquisition strategy by Dell computer

a - This is a strategic alliance

Which of the following is part of threat of substitute for US automobile industry? a) United Airlines b) Tesla c) Email d) Ford Automobile

a - United Airlines

The four criteria that are used to develop a list of firms core competencies and resources are a) Value, rarity, imperfect imitability and non-substitutability b) Strengths, weaknesses, opportunities, and threats c) Cost leadership, differentiation, focused low-cost, and diversification d) Quality, reliability, efficiency, and effectiveness

a - Value, rarity, imperfect imitability and non-substitutability

The primary message of the value chain analysis is that a) a firm must create value through at least one of the activities performed b) A firm must maximize value in all of its areas of the value chain c) Primary activities are more important to value creation d) Support activities can all be outsourced

a - a firm must create value through at least one of the activities performed

Which levels of strategic thinking is strategic management most concerned about? a) business level and corporate level b) functional level and operational level c) corporate level and functional level d) business level and functional level

a - business level and corporate level

Which of the following constitutes a competitive advantage of a company from a consumer benefits perspective? a) cost of products/services b) sales growth of a company c) leadership of a company d) size of a company

a - cost of products/services

In its roots, Covid-19 pandemic belongs to the a) ecological segment b) economic segment c) political segment d) demographic segment

a - ecological segment

Which of the following trends is least likely to affect the US retail industry? a) global warming b) population grow c) political changes d) automation

a - global warming

A very confident CEO is most susceptible to the bias of a) illusion of control b) escalation of commitment c) bounded rationality d) ignorance of small probability event

a - illusion of control

In value chain analysis of Walmart, service activities include a) lost and found in stores b) checking out c) stocking goods d) transportation

a - lost and found in stores

Patent of a company is a type of __________ resource a) tangible b) intangible c) invaluable d) nontransferrable

a - tangible

GE Operated in several industrial segments including power, renewable energy, oil and gas, aviation, CNBC, etc. This a) May become too complex to manage, resulting in diseconomy b) Increases the probability of opportunistic behaviors of agents/managers c) Will increase the risk of failure d) Will reduce innovation capabilities of the company

a AND b - May become too complex to manage resulting in does economy AND Increases the probability of opportunistic behaviors of agents/managers

In which way could two organizations involved in M&A's achieve synergy? a) By sharing suppliers b) By sharing customer demand info c) By sharing R&D know hows d) By developing a larger corporate governance structure

a, b, & c

What are the three most popular, basic organizational structures? a) Matrix b) Functional c) Hierarchical d) Divisional

a, b, d - Matrix, Functional, & Divisional

Which of the following financing approaches to funding an acquisition mostly increases the success chance of acquisition ? a) 50% cash 50% newly issued stock b) 100% cash c) 30% cash 30% bond 40% newly issued stock d) 50% cash 50% bond

b - 100% cash

Conglomerate also means a) Many related businesses held by a company b) A business with a collection of unrelated businesses c) A single business d) A very very large company

b - A business with a collection of unrelated businesses

Which of the following companies acquisitions would be a better strategy for growth than internal development? a) A large company with established bureaucratic control and culture b) A large company with diversified business c) A large company following a cost leadership strategy d) A medium sized company using differentiation strategy

b - A large company with diversified business

Ford statement that it wants to become the world's leading consumer company for automotives products and services is a) a mission b) A vision c) A goal d) A prediction

b - A vision

Which of the following M&As is most likely to receive the approval from the Department of Justice for anti-just concerns? a) Merger between Google and Apple b) Acquisition of Tesla Motors by Apple Inc c) Acquisition of T-Mobile by AT&T d) Acquisition of Dell computer by Apple

b - Acquisition of Tesla Motors by Apple Inc

Which of the following shows that an international company is exposed to an economic risk in a foreign country? a) Target reported a loss of over $5B in 2015 in Canada expansion b) Apple adjusted its revenue by 4% down due to currency exchange rate change c) Due to a new law, Venezuela seized the assets of 60 oil companies in 2009 d) Korean companies increased exports during financial crisis of 2007-2009

b - Apple adjusted its revenue by 4% down due to currency exchange rate change

What was the first country outside the Americas to open a McDonald's restaurant? a) London England b) British Columbia Canada c) Zaandam Netherlands d) New South Wales Australia

b - British Columbia Canada

Which of the following cooperative strategies is likely to be the most stable a) a joint venture between two competitors b) Cross holding between two public companies c) Purchase agreement d) Licensing agreement

b - Cross holding between two public companies

Which organizational structure should be used to implement unrelated diversification strategy? a) Functional b) Divisional c) Matrix d) Vertical

b - Divisional

When it comes to entering another industry, new ventures are likely to be preferred to acquisition when a) entry barriers are high b) Existing know how is very valuable in the new industry c) Exit barriers are high d) No assets are transferable across industries

b - Existing know how is very valuable in the new industry

Which of the following is a joint venture? a) IBM owned 20% of Intel stock, purchased for $642.7million b) GM and Honda each invested 85 million to start a new fuel cell company c) Company a owns 10% of company B's shares, which owns 5% of companies A's share d) J2 purchased for Duluth based companies for 2.9 billion

b - GM and Honda each invested 85 million to start a new fuel cell company

Which of the following companies is using a licensing approach to penetrating a foreign market? a) Facebook worked with a local partner in a foreign country to find ads b) Google gives the right of using Android operating system to Toshiba c) Great clips allows a Canadian salon to use its name and training procedure d) General Mills opened a sales office in Shanghai to sell their products

b - Google gives the right of using Android operating system to Toshiba

an unsolicited bid to buy another company's ownership is most likely to be a a) Friendly acquisition b) Hostile takeover c) Spin-off d) Merger

b - Hostile takeover

Arby's group merger with Buffalo Wild Wings benefits the Arby's group most in a) Creating synergy b) Increasing market power c) Expanding market d) Reducing competition

b - Increasing market power

Which of the following potential mergers is likely to create the most synergy for both companies? a) Merger between Google and Facebook b) Merger between Amazon and UPS c) Merger between Amazon and Walmart d) Merger between Office Depot and OfficeMax

b - Merger between Amazon and UPS

which of the following is a business diversification move by Microsoft through acquisition? a) Microsoft release a new game console b) Microsoft purchased LinkedIn c) Microsoft introduced office cloud d) Microsoft purchased Skype

b - Microsoft purchased LinkedIn

An idle company selling potatoes to international markets would benefit most by having a _____ structure? a) global b) Multi domestic c) Transnational d) Decentralized

b - Multi domestic

In which of the following structures is a country manager of an international company given the most power? a) Global structure b) Multi domestic structure c) Transnational structure d) Multi divisional

b - Multi domestic structure

Which of the following is the fastest approach to penetrating a new market? a) Acquisition b) Non equity alliance c) Equity alliance d) Internal development

b - Non equity alliance

Which of the following is NOT a trend potentially affecting the automobile industry? a) Young people are increasingly not getting their drivers license b) Subaru is introducing a new electric car c) The government is increasing fuel efficiency standards d) People's disposable income is increasing

b - Subaru is introducing a new electric car

Which risk is Teladoc and Livongo companies likely to run into after their merger? a) Unable to achieve synergy b) Too big to control c) Too much diversification d) Lack of growth opportunities

b - Too big to control

If you are analyzing FordNope 's automotive operations, which of the following is substitute force in industry analysis a) GM and Chrysler b) Trains and buses c) Toyota and Honda d) Renualt and Fiat

b - Trains and buses

Which of the following is the best candidate for Walmart to acquire? a) Dollar Tree store b) Walgreens stores c) Caribou coffee chain d) Tommy Hilfiger

b - Walgreens stores

The process of thinking-action-reflection-long term goals is a) a proactive strategic planning process b) an emergent process of strategic planning c) not a strategic planning process d) a spontaneous strategic planning process

b - an emergent process of strategic planning

which levels of strategic thinking is strategic management most concerned about? a) functional and operational level b) business and corporate level c) business and functional level d) corporate and functional level

b - business and corporate level

Core competencies are a) resources b) capabilities c) knowledge d) relationships

b - capabilities

Which of the following best describes Elon Musk, the found of PayPal, SpaceX, SolarCity, Tesla, and The Boring Company a) strategist b) entrepreneur c) professional manager d) engineer

b - entrepreneur

in which of the following situations offers an opportunity for an industry? a) decreasing entry barriers b) growing availability of complementary products c) increasing foreign competitors d) economic recession

b - growing availability of complementary products

In order to win competition, a competitor must a) have a strategy b) have competitive advantages c) be smart d) have a plan

b - have competitive advantages

What is the exposure to international risk collectively called? a) liability of smallness b) liability of foreignness c) cost of learning d) cultural distance

b - liability of foreignness

Many plumbers tend to serve their local residents. The plumbing service industry has _____ a) high concentration b) low concentration c) moderate concentration d) high entry barriers

b - low concentration

generally speaking, when the top three competitors account for a total of 30% of market share in an industry, it is a) highly concentrated in sales b) moderately concentrated in sales c) not concentrated at all in sales d) have some spaces for new entrants

b - moderately concentrated in sales

Which of the following situations is best for using a strategy instead of a plan? a) travel b) presidential campaign c) learning to drive d) ordering a meal online

b - presidential campaign

The goal of strategic management is to ____________ a) pursue maximized growth b) pursue long term sustainable profitability c) pursue long term growth d) pursue maximized annual profitability

b - pursue long term sustainable profitability

the goal of strategic management is to a) pursue maximized growth b) pursue long-term, sustainable profitability c) pursue maximized annual profitability d) pursue long term growth

b - pursue long-term, sustainable profitability

Which of the following is most likely to be the core competencies of Walmart? a) store operation b) supply chain mgmt c) human resource mgmt d) marketing

b - supply chain mgmt

R&D is a type of _______ activity in Porter's original value chain a) primary b) supportive c) operational d) strategic

b - supportive

Increasing energy efficiency in an industry is a type of a) economic trend b) technological trend c) social trend d) ecological

b - technological trend

By definition in Porter's 5 forces model, "threat of substitute" to an industry refers to a) threats from within industry substitute products or services b) threats of existing out of industry substitutes c) direct competitors d) future entrants to an industry

b - threats of existing out of industry substitutes

To pursue both operational efficiency Anna menu catered for local residents, McDonald's should adopt a a) global structure b) transnational structure c) multi domestic structure d) multinational structure

b - transnational structure

Which of the following companies is best candidate for a large company to acquire? a) A struggling large competitor b) A large well performing supplier of critical components to the industry c) A mismanaged small supplier of critical components to the industry d) Is small company producing complementary products to the industry

c - A mismanaged small supplier of critical components to the industry

An exclusive distribution of high-end Nike shoe brand was signed between Dick's sports and Nike. This is a) a joint venture b) A cross holding c) A vertical cooperative strategy d) A horizontal cooperative strategy

c - A vertical cooperative strategy

Emergent strategies a) Emerge from intended strategies that were carefully planned by top managers b) Arise from a rational planning process that reflects a top down approach c) Are often a result of unplanned action in response to unforeseen future d) Are also sometimes referred to as deliberate strategies that must be executed

c - Are often a result of unplanned action in response to unforeseen future

Which of the following shows that an international company is exposed to a political risk in a foreign country? a) Target reported a loss of over $5B in 2015 in Canada expansion b) Apple adjusted its revenue by 4% down due to currency exchange rate change c) Due to a new law, Venezuela seized the assets of 60 oil companies in 2009 d) Korean companies increased exports during financial crisis of 2007-2009

c - Due to a new law, Venezuela seized the assets of 60 oil companies in 2009

Which of the following shows an unrelated diversification strategy? a) Apple launched a new iPhone b) Kwik Trip has a convenience store next to their gas station c) General Mills owned a radio station d) Barnes and Noble bookstore offers Starbucks coffee service

c - General Mills owned a radio station

Which of the following companies is using a franchising approach to penetrating a foreign market? a) Facebook worked with a local partner in a foreign country to find ads b) Google gives the right of using Android operating system to Toshiba c) Great clips allows a Canadian salon to use its name and training procedure d) General Mills opened a sales office in Shanghai to sell their products

c - Great clips allows a Canadian salon to use its name and training procedure

Adams company is pursuing a strategy of horizontal integration. Which of the following should Adam expect? a) His company will acquire one of its suppliers b) His company will spin off a division c) His company will buy one of its rivals d) His company will begin to distribute its own products

c - His company will buy one of its rivals

GM and Honda each invested 85 million to start a new fuel cell company. This is a a) vertical integration b) Horizontal integration c) Horizontal alliance d) Vertical alliance

c - Horizontal alliance

On Nov. 5th, Facebook's WhatsApp was granted approval to roll out UPI payments in India. This shows a) Internationalization helps Facebook acquire needed resources b) Internationalization extends WhatsApps's life cycle c) Internationalization creates new business opportunities for Facebook d) Internationalization makes Facebook more innovative

c - Internationalization creates new business opportunities for Facebook

Which organizational structure should be used to implement related diversification strategy? a) Functional b) Divisional c) Matrix d) Vertical

c - Matrix

To overcome the bottleneck of battery life Tesla decided to invest in developing advanced battery technologies. This a) May actually reduce market power in individual business segment b) May become too complex to manage resulting in diseconomy c) May spread their resources too thin to strengthen their advantages d) May increase the probability of opportunistic behavior of agents/managers

c - May spread their resources too thin to strengthen their advantages

Which of the following is a vertical integration move? a) McDonald's creates a hamburger University to train employees b) Arby's group merges with Buffalo Wild Wings c) McDonald's develops its own chicken farm d) Apple works with Nike to develop sporting electronics

c - McDonald's develops its own chicken farm

Which of the following companies used/are using international expansion as an extension of product lifecycle? a) BestBuy sells recycled computers to some retailers in African countries b) Tesla set up Model 3 productions in China c) Minnesota Mining companies started selling taconite to China d) Apple moves some of it iPhone production from China to India

c - Minnesota Mining companies started selling taconite to China

Which entry mode into a foreign market should be favored by a small high tech company? a) exporting b) Licensing c) Strategic alliance d) Greenfield establishment

c - Strategic alliance

Business risk is mostly reduced in which of the following moves? a) Horizontal integration b) Backward integration c) Unrelated diversification d) Forward integration

c - Unrelated diversification

T OR F: the core competency of a business is a type of a) use value b) capability c) resources d) relationships

c - capability

In the monitoring process of making sense of environment, a CEO should a) identify disconnected events b) connect the events to identify trends c) predicting the impact of a trend on industry as positive or negative d) assessing the scale of impact of a trend on a target industry

c - connect the events to identify trends

What benefit does a divisional structure offer in organizing? a) easy for communication across functional departments b) easy to coordinate across different products c) fast response to customer demands for cross functional coordination d) facilitate the development of expertise in a functional area

c - fast response to customer demands for cross functional coordination

Which of the following factor may decrease the intensity of rivalry among current competitors within an industry? a) high exit barriers b) high fixed costs c) high growth in demand d) high similarity in product functions offered by competitors

c - high growth in demand

Which of the following is not part of the 4-step cognitive process in general environment analysis? a) monitoring b) forecasting c) predicting d) assessing

c - predicting

which of the following situations is best for using a strategy instead of a plan? a) travel b) learning to drive c) presidential campaign d) ordering a meal online

c - presidential campaign

which of the following is not a basic element of a full sense strategy? a) a goal b) a series of actions c) a strategic leader d) a deliberation that connects actions with goal

c - strategic leader

Which value must a business create internally? a) stakeholder value b) exchange value c) use value d) social value

c - use value

Which of the following mergers /acquisitions is most acceptable to the employees of both companies? a) Merger between Northwest Airlines and Delta airlines b) Merger between Office Depot and OfficeMax c) Acquisition of Yahoo by Microsoft d) Acquisition of Skype by Microsoft

d - Acquisition of Skype by Microsoft

Which of the following companies is likely to be a cost leader? All figures are in $ per unit a) Company A: price 10.15, cost 6.00 b) Company B: price 9.50, cost 8.00 c) Company C: price 9.95, cost 7.00 d) Company D, price 9.75, cost 6.00

d - Company D, price 9.75, cost 6.00

Which of the following is NOT a major benefit of using mergers or acquisitions to increase competitiveness? a) Fast business diversification b) Eliminate competition c) Increased market power d) Enhancing corporate culture

d - Enhancing corporate culture

For a small high tech company which of the following is the best cooperative strategy a) Licensing their technologies to big competitors b) Acquiring partial ownership of a large competitor c) Forming R&D partnership with big competitors d) Forming R&D partnership with big complementary companies

d - Forming R&D partnership with big complementary companies

People with premium Spotify accounts are able to listen to their own music in cars booked through Uber. This is a a) Vertical integration b) Horizontal integration c) Vertical cooperative strategy d) Horizontal cooperative strategy

d - Horizontal cooperative strategy

Which of the following companies is most profitable? a) A highly diversified business in decline industries b) A highly diversified business and growth industries c) A single business in a stagnant industry d) Moderately diversified business in a growth industry

d - Moderately diversified business in a growth industry

Designing a temporary compensation bonus helps most in a) pursuing strategic directions b) Using financial resources wisely c) Integrating the culture of the two companies d) Retaining talented employees

d - Retaining talented employees

Which of the following is NOT a benefit gained from using cooperative strategy? a) Increase market power b) Promote standard c) Share development costs d) Seek full control of opportunities

d - Seek full control of opportunities

which of the following shows a business acquisition strategy used by a company? a) Microsoft acquired 20% of ownership of Facebook b) Lenovo acquired laptop division of IBM c) McDonald's purchased a real estate to open another franchise store d) Starbucks acquired full ownership of Teavana

d - Starbucks acquired full ownership of Teavana

Which model is appropriate for identifying the core competencies of a company? a) Porter's 5 forces model b) PESTLE model c) Porter's value chain model d) VRIS (Valuable, Rare, Inimitable, nonSubstitutable)

d - VRIS (Valuable, Rare, Inimitable, nonSubstitutable)

Which of the following company has an international strategy by definition? a) a company that only has an R&D center in a foreign country b) a company delegates to sell a foreign product in a country c) a company that sources its supply from foreign countries d) a company that sells its products in two countries

d - a company that sells its products in two countries

What benefit does a functional structure offer in organizing? a) easy for communication across functional departments b) easy to coordinate across different products c) fast response to customer demands for cross functional coordination d) facilitate the development of expertise in a functional area

d - facilitate the development of expertise in a functional area

Which one of the following conditions is not a cause of the inimitability of a firm capability? a) social complexity b) historical incidents c) ambiguous causes d) gigantic capital requirement

d - gigantic capital requirement

In order to win a competition, a competitor must _________ a) have a strategy b) be smart c) have a plan d) have competitive advantages

d - have competitive advantages

Which of the following does not constitute a high entry barrier to an industry? a) strict government regulation b) advanced technologies c) high customer switching costs d) high customer bargaining power

d - high customer bargaining power

SuperOne grocery stores and Holiday Gas Stations are a) direct competitors b) within industry substitutes c) out of industry substitutes d) in unrelated industries

d - in unrelated industries

Which of the following move is a corporate diversification move for Starbucks a) introducing salad item in coffee shops b) Expanding into a new location c) Introducing a new flavor of coffee d) Introducing bottled coffee

d - introducing bottled coffee

Considering their main businesses, Well Fargo Bank and PayPal are a) direct competitors b) customer-suppliers c) substitutes d) partners

d - partners

increasing concerns for global warming is a a) technological trend b) economic trend c) political trend d) social trend

d - social trend

the statement of "Ford will become the leader in selling autonomously driven vehicles by 2025" is a a) mission b) mgmt philosophy c) value statement d) vision

d - vision

T OR F: The greater the competitive forces in an industry, the higher the profit potential of an industry

false

T OR F: a company can success by just focusing on creating exceptional functions in it products

false

T OR F: the timing of an event and its impact is very predictable

false