Business Administration Exam Preparation Guide
Course Introduction
Business Administration is a multidisciplinary course that introduces students to the principles, practices, and functions of managing organizations in todays dynamic environment. Covering topics such as management, marketing, finance, human resources, and operations, the course emphasizes critical thinking, problem-solving, and decision-making skills. Students will gain a foundational understanding of how businesses operate, including strategic planning, organizational structures, leadership, and ethical considerations, preparing them for a variety of roles in the corporate world or for further study in specialized business fields.
Recommended Textbook
Foundations of Strategy 1st Canadian Edition by Robert M. Grant
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10 Chapters
579 Verified Questions
579 Flashcards
Source URL: https://quizplus.com/study-set/2392
Page 2
Chapter 1: The Concept of Stategy
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59 Verified Questions
59 Flashcards
Source URL: https://quizplus.com/quiz/47517
Sample Questions
Q1) The shift from Corporate Planning to Strategy Making implies
A)from the sources of profit outside the firm to the sources of profit within the firm.
B)to the resource-based view of the firm.
C)both a and b.
D)from the structure-based approach to the value-added perspective.
Answer: C
Q2) Appraising a firm's resources consists of
A)protecting the firm from its weaknesses and trying to reduce or eliminate them.
B)leveraging the firm's strengths to increase market share and profit.
C)a and b.
D)completing 360-degree analytical evaluations of top managers' strengths and weaknesses.
Answer: C
Q3) Usually, business success has been proved to rely in the end on superior resources. A)True
B)False
Answer: False
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Chapter 2: Industry Analysis
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58 Verified Questions
58 Flashcards
Source URL: https://quizplus.com/quiz/47518
Sample Questions
Q1) Economies of scale, absolute cost advantages, high capital start-up costs, and access to channels of distribution are all examples of "barriers to entry".
A)True
B)False
Answer: True
Q2) The overall bargaining power of buyers depends on
A)the buyer's price sensitivity.
B)the intensity of rivalry among sellers and the willingness of the buyer to exploit this.
C)the buyer's price sensitivity and the relative bargaining power between the seller and the buyer.
D)the intensity of rivalry among buyers and the ability to vertically integrate.
Answer: C
Q3) The level of profit in an industry is determined by three factors: the value of products to customers, the intensity of competition, and the relative bargaining power of producers and suppliers.
A)True
B)False
Answer: True
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4
Chapter 3: Resources and Capabilities
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64 Verified Questions
64 Flashcards
Source URL: https://quizplus.com/quiz/47519
Sample Questions
Q1) A capability that is "needed to play" is
A)a threshold resource.
B)a unique resource.
C)a threshold competence.
D)a core competence.
Answer: C
Q2) Early experiences for some major oil companies
A)dictate their current positions.
B)mean some of their modern core competences show path dependency.
C)are irrelevant to current corporate cultures.
D)are indelibly printed on older staff's minds.
Answer: B
Q3) Hyundai overcame the most difficult competitive advantages held by the incumbent automakers by
A)recruiting experts from other auto companies.
B)benchmarking the key capabilities needed to succeed, then making clear commitments to achieve them.
C)making long-term financial and business commitments to the auto industry.
D)all of the above.
Answer: D
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Chapter 4: The Nature and Sources of Competitive
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50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/47520
Sample Questions
Q1) In the U.S., Target appears to have competitive advantages from
A)lower costs than any of its rivals.
B)limiting its selection of goods to exclusive labels.
C)better service levels than many of its rivals.
D)fashionable designs/brands at good value.
Q2) Cost leadership means a firm must
A)exploit all sources of cost advantage before tailoring the product to each customer.
B)exploit all sources of cost advantage in providing customers with a standardised product.
C)exploit all sources of cost advantage in providing each customer with their minimum requirements.
D)exploit all sources of cost advantage while providing every customer an individual service.
Q3) Rivals can be pre-empted from entering a firm's markets using the above methods only if
A)there are significant economies of scale in this industry.
B)there is significant first-mover advantage in this industry.
C)brand names matter to consumers in this industry.
D)a and b.
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Page 6
Chapter 5: Industry Evolution and Strategic Change
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53 Verified Questions
53 Flashcards
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Sample Questions
Q1) A shift from radical to incremental innovation takes place when an industry coalesces around a leading technology and design.
A)True
B)False
Q2) The ideal time to make strategic changes is when the organization is in a state of crisis.
A)True B)False
Q3) The introduction to maturity phases of the industry life cycle curve is characteristically S-shaped.
A)True
B)False
Q4) The Decline phase of the industry life cycle is characterised by A)ceasing of product and process innovation.
B)incumbents going out of business.
C)remnant niche-sized players may survive profitably.
D)all of the above.
Q5) Over time, industry life cycles become longer and longer. A)True
B)False
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Chapter 6: Technology-Based Industries and the Management of Innovation
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67 Verified Questions
67 Flashcards
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Sample Questions
Q1) Cooperation with lead users is
A)a risk because they may imitate the innovation themselves.
B)a burden to costs and times the time of key people, so is best avoided unless they insist.
C)essential in some cases to ensure development follows a path which customers actually want.
D)useful because it makes the customer feel important.
Q2) Public versus private standards are respectively
A)standards set by public firms vs. standards established by privately-owned companies.
B)standards established by governments vs. standards set by companies.
C)standards available for all organizations and industry players versus standards owned by firms or individuals.
D)free standards versus standards users have to pay for.
Q3) The potential to make a profit from an innovation is greatly enhanced if a rival would need 2 or 3 years to copy it.
A)True
B)False
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Chapter 7: Corporate Stategy
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74 Verified Questions
74 Flashcards
Source URL: https://quizplus.com/quiz/47523
Sample Questions
Q1) As a firm progresses, it is invariably the case that it expands its scope
A)in terms of its product, geographic and vertical scope.
B)in terms of its geographic and vertical scope.
C)in terms of its geographic and product scope.
D)This is not true. Some firms narrow some aspects of their scope, or voluntarily even break up.
Q2) Vertical integration may afford flexibility in responding to uncertain demand when
A)the firm has built a capability to respond speedily in a coordinated fashion.
B)the firm maintains spare capacity, and can bear spare capacity.
C)the market cannot respond as quickly, or capacity is unavailable.
D)all of the above.
Q3) The primary source of value creation from diversification is likely to be
A)the linkages or synergies between the businesses concerned.
B)risk reduction through balancing of counter-cyclical businesses.
C)getting a price reduction when purchasing common resource inputs.
D)balancing of cash generation, reducing the need to obtain investment finance externally.
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Chapter 8: Realizing Stategy
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53 Verified Questions
53 Flashcards
Source URL: https://quizplus.com/quiz/47524
Sample Questions
Q1) The main components of financial plans are
A)the Income Statement and the Balance Sheet.
B)the Balance Sheet and the Cash Flow forecast.
C)the capital budget and the operating budget.
D)all of the above.
Q2) The Deepwater Horizon oil spill taught us that
A)giant firms are often too ambitious.
B)even the most professional risk plans can ignore some major risks.
C)confused responsibilities can emerge from trying to coordinate complex teams and systems.
D)b and c.
Q3) According to the Deepwater Horizon Study Group, BP's actual culture, structure, and systems affected the way it appraised risks in the Gulf of Mexico.
A)True
B)False
Q4) Analysts discuss the best ways to achieve 'coordination' and 'cooperation', but the difference between the two depends on which academic school you belong to.
A)True
B)False
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Chapter 9: Global Strategies and the Multinational Corporation
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66 Verified Questions
66 Flashcards
Source URL: https://quizplus.com/quiz/47525
Sample Questions
Q1) International business strategy has largely identified and solved the main issues faced by practical business people in the twenty-first century.
A)True
B)False
Q2) A country has a comparative advantage in those products that make the least use of those resources which it has in abundance.
A)True
B)False
Q3) A cut in spending by the French government can have an effect on automakers in the USA and African cotton farmers.
A)True
B)False
Q4) An advantage of internationalizing can be
A)to learn from the fiercest competition or most demanding customers in the world.
B)to drive the fiercest competitors in the world into bankruptcy.
C)to teach the most demanding customers in the world a lesson.
D)a and b.
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Chapter 10: Corporate Responsibility
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35 Verified Questions
35 Flashcards
Source URL: https://quizplus.com/quiz/47526
Sample Questions
Q1) When a natural disaster occurs in the twenty-first century,
A)financial markets and global economies react rapidly - sometimes with dire effects.
B)global financial markets go into meltdown.
C)most people and governments ignore pleas for help.
D)it has little effect outside the region concerned.
Q2) Researchers found that higher sales and market share can be attained by employing sustainable strategies.
A)True
B)False
Q3) A Ponzi scheme
A)is guaranteed a minimum income.
B)pays "returns" to savers out of capital paid in from new investments or new investors.
C)is guaranteed to fail eventually.
D)b and c.
Q4) Stakeholder management is separate from strategy development and implementation.
A)True
B)False
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Page 12