VRIN or VRIO is an example of a
A) five forces model
B) resource-base model
C) supply and demand model
D) dark-side model
QUESTION 2The provisions of which of the following labor legislation allowed the president to seek a court injunction to prevent a strike for 80 days if the nation's economy is at risk?
a. Landrum-Griffen Act
b. Taft-Hartley Act
c. Wagner Act
d. Walsh-Healy Act
QUESTION 3One of the disadvantages of an organization which has a matrix structure is that :
a. each individual reports to one boss, causing excess flow of information to one individual.
b. flow of information is difficult when operations are so highly diversified.
c. each individual has two bosses whose interests may not be aligned.
d. there are limits to the information a firm's headquarters can use effectively in making decisions.
QUESTION 4Which of the following cannot be a factor that gives it a competitive advantage?
A) a patent
B) reproducible capabilities
C) a brand name
D) distinctive capabilities
QUESTION 5Featherbedding refers to the practice of:
a. disallowing members from joining labor unions.
b. hiring lesser number of laborers than what is required.
c. terminating employment without notice.
d. hiring more laborers than what is necessary.
QUESTION 6Which of the following was a consequence of the financial revolution which drastically changed risk management in the 1970s?
a. Managements created separate categories for handling different types of risks.
b. A group of specialists were created who handled risk assessment for the entire organization and reported only to headquarters.
c. Risk analysis was decentralized by concentrating on risks at the division-level.
d. It became easier to assess market risk with the introduction of various new tools of financial management.
QUESTION 7The thing or things that a company does better than its competitors is called its
A) comparative advantage
B) absolute advantage
C) core competency
D) positive externality
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