BUSN412 Week 3 Quiz Devry PLEASE DOWNLOAD HEREDevry university BUSN412 Week 3 Quiz 100% Correct answers1. Question :Information technology, such as email, has increased in organizations overthe years, which has helped to:Restrict social network growthCreate smaller social networksCommunicate information efficientlyMake more effective use of time in every situation2. Question :The following characterizes the creation of knowledge assets:High upfront costs and subsequent high variable costsHigh fixed costs and high variable costsLow upfront costs and high variable costsHigh upfront costs and low variable costs3. Question :John Steele was asked to take over a project after the entire team left hisorganization. The term that describes his ability to reconstruct what theteam had accomplished through reading emails exchanged by the previousteams members can be considered:Inefficient use of information managementUsing tacit knowledgeUsage of project knowledgeUsing explicit knowledge4. Question :
The following are examples of how intellectual property can be managedexcept:Converting explicit knowledge to tacit knowledgeCopyrights and trademarksPatentsContracts with confidentiality and noncompete clauses5. Question :Dynamic capabilities include all of the following except:Learning and innovatingThe ability of an organization to challenge the conventional industry in its industryand marketBecoming more efficient in operational processesContinuously adopting new ways of serving the evolving needs of the market6. Question :When there are few segments, the emphasis on process design is low, andthe major functional areas of concern are general management and finance,this can be said to be the ____________ stage of the industry life cycle.growthmaturitydeclineintroduction7. Question :When there is(are) ____________________, we should likely pursue aharvest strategy:decline in the market life cyclehigh growthstrong competitive advantage
mergers and acquisitions8. Question :During the decline stage of the industry life cycle, __________ refers toobtaining as much profit as possible and requires that costs be decreasedquickly.maintainingharvestingexitingconsolidating9. Question :Research shows that the following are all strategies used by firms engagedin successful turnarounds except:Asset and cost surgerySelective product and market pruningGlobal expansionPiecemeal productivity improvements10. Question :It can be said that during a turnaround, piecemeal productivityimprovements do not involve:Expansion of a firms product market scopeBusiness process reengineeringIncreased capacity utilizationBenchmarking11. Question :Use the value chain as a framework to explain how a firm can achieve acompetitive advantage of overall cost leadership.