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BUSI 601 MODULE 3 EXAM 1

BUSI 601 MODULE 3 EXAM 1

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  Question 1
2 out of 2 points
 
 
 
Which of the following is a contemporary management technique used by the management accountant to identify and monitor the costs of a product throughout all steps from product design to the finished product?

 
 
 
Selected Answer:

 
 
Response Feedback:

 
 
 
  Question 2
2 out of 2 points
 
 
 
The competitive strategy of differentiation requires that a product or service must be:

 
 
 
Selected Answer:

 
 
Response Feedback:

 
 
 
  Question 3
2 out of 2 points
 
 
 
Which of the following is not a benefit of using a lean manufacturing system?

 
 
 
Selected Answer:

 
 
Response Feedback:

 
 
 
  Question 4
2 out of 2 points
 
 
 
A strategy can be best defined as:

 
 
 
Selected Answer:

 
 
Response Feedback:

 
 
 
  Question 5
2 out of 2 points
 
 
 
In SWOT analysis, strengths and weaknesses are most easily identified by looking:

 
 
 
Selected Answer:

 
 
Response Feedback:

 
 
 
  Question 6
2 out of 2 points
 
 
 
Which of the following organizations presents awards to firms that excel at execution of strategy, based on criteria such as leadership, marketing, strategic planning and process management?

 
 
 
Selected Answer:

 
 
Response Feedback:

 
 
 
  Question 7
0 out of 2 points
 
 
 
Michael Porter's five competitive forces include which one of the following:

 
 
 
Selected Answer:

 
 
Response Feedback:

 
 
 
  Question 8
2 out of 2 points
 
 
 
Using value-chain analysis, a firm can develop a competitive advantage by specifically looking for ways to:

 
 
 
Selected Answer:

 
 
Response Feedback:

 
 
 
  Question 9
2 out of 2 points
 
 
 
The differentiation strategy requires all of the following resources, except:

 
 
 
Selected Answer:

 
 
Response Feedback:

 
 
 
  Question 10
2 out of 2 points
 
 
 
Which of the following is not a key benefit of the balanced scorecard (BSC)?

 
 
 
Selected Answer:

 
 
Response Feedback:


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