Past Exams Questions for Business Strategy

2162 WordsDec 26, 20129 Pages
APPENDIX 3: PAST EXAMINATION PAPER Note to Students: Providing a copy of this paper does not signify that future papers will follow the exact same format. SAMPLE EXAM (Worth 50% of final grade) Note: Final exam format may somewhat vary. This final exam will use multiple choice questions. You will be required to answer 100- 120 multiple choice questions in 3 hours and enter your answers using the Scantron sheet that had been provided to you. You will get 1 point for every correct answer. You will lose 0.25 points for every incorrect answer or for making multiple answers to a question. You will not get or lose any points for leaving a question blank. For example, a student answered 100…show more content…
The three fundamental questions of strategy are (vi) what is the plan (vii) who should make the plan (viii) how much time and resources should be devoted to planning (ix) all of the above (x) none of the above 14. Which of the following is not one of Porter’s 5 Forces (vi) bargaining power of buyers (vii) threat of substitutes (viii) resources and capabilities (ix) bargaining power of suppliers (x) threat of rivalry 15. Which of the following is false? Bargaining power of buyers is strong when (vi) buyers switching costs for substitutes is low (vii) buyers are well-informed about prices and products (viii) buyers threaten to integrate backwards (ix) buyers are small (x) the number of buyers is small 16. As per Barney’s article, the following 4 questions must be answered in order to understand whether or not the strengths are resources or capabilities (vi) the question of value (vii) the question of rareness (viii) the question of inimitability (ix) the question of organization (x) all of the above 17. As per the Hambrick and Fredrickson article, most strategic plans only emphasize one or two of the five elements of a good strategy (iii) true (iv) false 18. Parent companies (i.e., Corporate Headquarters) destroy value in 4 ways. Which of the following is NOT one of the 4 ways (v) through synergy influence
Open Document