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Busi 601 Exam 1

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BUSI 601 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? • Question 2
2 out of 2 points The competitive strategy of differentiation requires that a product or service must be: • Question 3
2 out of 2 points Which of the following is not a benefit of using a lean manufacturing system? • Question 4
2 out of 2 points A strategy can be best defined as: • Question 5
2 out of 2 points In SWOT analysis, strengths and weaknesses are most easily identified by looking: • 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? • Question 7
0 out of 2 points Michael Porter's five competitive forces include which one of the following: • Question 8
2 out of 2 points Using value-chain analysis, a firm can develop a competitive advantage by specifically looking for ways to: • Question 9
2 out of 2 points The differentiation strategy requires all of the following resources, except: • Question 10
2 out of 2 points Which of the following is not a key benefit of the balanced scorecard (BSC)? • Question 11
2 out of 2 points When a firm is determining its opportunities and threats, which of the following would not be mentioned? • Question 12
2 out of 2 points The five steps of strategic decision making include all of the following steps except:…...

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