Busi 601 Exam 1

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:

•   Question 13
2 out of 2 points

The cost of goods that were finished and...