Question 1

The VRIO framework is based on a(n) :

Accepted Answer

A)  ​Captive-sourcing view.
B)  ​Industry-based view.
C)   ​Resource-based view.
D)   ​Institutional-based view.E) A) and B)
F) All of the above

Question 2

Outsourcing is possible for both manufacturing and servicing activities.

Accepted Answer

A) True 
 B)False

Question 3

International outsourcing involves:

Accepted Answer

A)  Offshoring.
B)  Onshoring.
C)   Reshoring.
D)   Captive sourcing.E) A) and B)
F) C) and D)

Question 4

A common mistake made when evaluating a firm's capabilities is failing to assess them relative to the capabilities of the firm's rivals.
​

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is an excellent example of a firm's tacit knowledge?

Accepted Answer

A)  ​The static nature of the firm's resources.
B)  ​Familiarity with the preferences of the firm's customers.
C)   ​Hard-to-imitate aspect of the firm's premier product.
D)   ​The firm's reputation within the industry.E) A) and B)
F) A) and D)

Question 6

Recent aspects of outsourcing include all of the following EXCEPT:

Accepted Answer

A)  "Business process outsourcing" (BPO) .
B)  High-end services to countries such as India.
C)   Digitization and commoditization of service work.
D)   Definite long-term benefits.E) A) and B)
F) A) and C)

Question 7

Imitation is not likely to be a successful strategy over the long term.

Accepted Answer

A) True 
 B)False

Question 8

For any given activity, one of the four choices for managers in terms of modes and locations includes onshoring.

Accepted Answer

A) True 
 B)False

Question 9

Managers who are involved in value chain analysis:

Accepted Answer

A)  ​Benchmark the firm's overall capabilities.
B)  ​Assess their firm's resources and capabilities at a micro, activity-based level
C)   ​Look for ways to commoditize a firm's product lines.
D)   ​None of the above.E) None of the above
F) A) and B) B

Question 10

TheChapter indicates that Burberry is an example of causal ambiguity.

Accepted Answer

A) True 
 B)False  True

Question 11

The resource-based view sees capabilities as a firm's tangible and intangible assets that it uses to choose and implement its strategies.

Accepted Answer

A) True 
 B)False

Question 12

In the VRIO framework, the questions of value and rarity are:

Accepted Answer

A)  ​Determinants of the level of competitive advantage.
B)  ​Mostly unrelated issues.
C)   ​Less important than whether a firm's activity can be imitated.
D)   ​Essentially the same question.E) B) and C)
F) A) and C)

Question 13

Traditional resource-based view:

Accepted Answer

A)  Overemphasizes leveraging existing resources/capabilities.
B)  Overemphasizes developing new resources/capabilities.
C)   Does not include an assessment of a firm's capabilities.
D)   Is primarily focused on a firm's tangible resources and capabilities.E) C) and D)
F) A) and D)

Question 14

Describe captive sourcing and provide an example of how a company might use it.

Accepted Answer

​Captive sourcing"- setting up subsidiar...

Question 15

What do you think about the use of offshoring by MNEs? Is it a threat to jobs in the United States? Has it benefited MNEs and other countries more than the United States?

Accepted Answer

At one time, it was felt that offshoring...

Question 16

Brick-and-mortar assets are considered tangible, whereas financial assets are considered intangible.

Accepted Answer

A) True 
 B)False  False

Question 17

Based on the dynamic capabilities view, how would you say that industries in slow-moving industries differ from those in fast-moving, high-velocity industries?

Accepted Answer

​The hallmark for resources in relativel...

Question 18

Taking advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question?

Accepted Answer

A)  Why do firms differ?
B)  What determines the scope of the firm?
C)   How do firms behave?
D)   What determines the international success and failure of firms?E) B) and C)
F) A) and D)

Question 19

One of the most valuable and organizationally complex resources that is difficult for other firms to imitate is tacit knowledge within a given firm.

Accepted Answer

A) True 
 B)False

Question 20

Examining whether a firm has resources and capabilities to perform a particular activity in a manner superior to competitors is known as _________ in SWOT analysis.

Accepted Answer

A)  Parity
B)  Competition
C)   Benchmarking
D)   StandardizationE) A) and B)
F) None of the above

Exam 3: Leveraging Resources and Capabilities

The VRIO framework is based on a(n) :

Correct AnswerverifiedShow Answer

Outsourcing is possible for both manufacturing and servicing activities.

Correct AnswerverifiedShow Answer

International outsourcing involves:

Correct AnswerverifiedShow Answer

A common mistake made when evaluating a firm's capabilities is failing to assess them relative to the capabilities of the firm's rivals. ​

Correct AnswerverifiedShow Answer

Which of the following is an excellent example of a firm's tacit knowledge?

Correct AnswerverifiedShow Answer

Recent aspects of outsourcing include all of the following EXCEPT:

Correct AnswerverifiedShow Answer

Imitation is not likely to be a successful strategy over the long term.

Correct AnswerverifiedShow Answer

For any given activity, one of the four choices for managers in terms of modes and locations includes onshoring.

Correct AnswerverifiedShow Answer

Managers who are involved in value chain analysis:

Correct AnswerverifiedB

TheChapter indicates that Burberry is an example of causal ambiguity.

Correct AnswerverifiedTrue

The resource-based view sees capabilities as a firm's tangible and intangible assets that it uses to choose and implement its strategies.

Correct AnswerverifiedShow Answer

In the VRIO framework, the questions of value and rarity are:

Correct AnswerverifiedShow Answer

Traditional resource-based view:

Correct AnswerverifiedShow Answer

Describe captive sourcing and provide an example of how a company might use it.

Correct Answerverified​Captive sourcing"- setting up subsidiar...View AnswerShow Answer

What do you think about the use of offshoring by MNEs? Is it a threat to jobs in the United States? Has it benefited MNEs and other countries more than the United States?

Correct AnswerverifiedAt one time, it was felt that offshoring...View AnswerShow Answer

Brick-and-mortar assets are considered tangible, whereas financial assets are considered intangible.

Correct AnswerverifiedFalse

Based on the dynamic capabilities view, how would you say that industries in slow-moving industries differ from those in fast-moving, high-velocity industries?

Correct Answerverified​The hallmark for resources in relativel...View AnswerShow Answer

Taking advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question?

Correct AnswerverifiedShow Answer

One of the most valuable and organizationally complex resources that is difficult for other firms to imitate is tacit knowledge within a given firm.

Correct AnswerverifiedShow Answer

Examining whether a firm has resources and capabilities to perform a particular activity in a manner superior to competitors is known as _________ in SWOT analysis.

Correct AnswerverifiedShow Answer

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A common mistake made when evaluating a firm's capabilities is failing to assess them relative to the capabilities of the firm's rivals.

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B

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True

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Captive sourcing"- setting up subsidiar...
View Answer

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At one time, it was felt that offshoring...
View Answer

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False

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The hallmark for resources in relativel...
View Answer

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