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MBA 705 Study guides, Class notes & Summaries
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MBA 705 Minsun Kim Exam 4 (All Solved)
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Organizational Structure correct answers refers to the formal means by which work is coordinated in an organization. The structure exists to provide control and coordination for the organization 
 
Simple structure correct answers a form of organization in which in a new business, each employee often performs multiple tasks and the owner/manager is involved in all aspects of the business 
 
Vertical Growth correct answers refers to an increase in the length of the organization's hierarchy (i.e. ...
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MBA 705 - Exam 1 Questions and Answers
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MBA 705 - Exam 1 Questions and Answers 
Mission - Correct Answer ️️ -is a broadly defined but enduring statement of purpose 
that identifies the scope of an organization's operations and its offerings to the various 
stakeholders 
Strategy - Correct Answer ️️ -refers to top management's plans to develop and sustain 
competitive advantage so that the organization's mission is fulfilled. 
Competitive advantage - Correct Answer ️️ -is a state whereby a firm's successful 
strategies ...
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MBA 705 CH1 Questions and Answers
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MBA 705 CH1 Questions and Answers 
True - Correct Answer ️️ -True or False: Strategy refers primarily to activities at the top 
level of the organization 
False - Correct Answer ️️ -True or false: Managers who are too busy to engage in 
strategic planning should wait until they have more free time in their schedules 
comparative advantage - Correct Answer ️️ -idea that certain products may be 
produced more cheaply or at a higher quality in particular countries due to advantages 
in ...
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MBA 705 CH 8&9 Questions and Answers
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MBA 705 CH 8&9 Questions and Answers 
Capital-Labor Substitution - Correct Answer ️️ -An organization's ability to substitute 
labor for capital or vice versa as production increases. 
Experience Curve - Correct Answer ️️ -The reduction in per-unit costs that occur as an 
organization gains experience producing a product or service. It's based on three 
underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor 
substitution possibilities 
Functional Strategies - ...
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MBA 705: Exam 3 Questions and Answers
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MBA 705: Exam 3 Questions and Answers 
Capital-Labor Substitution: - Correct Answer ️️ -An organization's ability to substitute 
labor for capital or vice versa as production increases. 
Experience Curve: - Correct Answer ️️ -ncreases. Experience Curve: The reduction in 
per-unit costs that occur as an organization gains experience producing a product or 
service. 
Functional Strategies: - Correct Answer ️️ -The strategies pursued by each functional 
area of a business unit, such as...
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MBA 705 - Chapter 1 – Wyatt Questions and Answers
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MBA 705 - Chapter 1 – Wyatt Questions and Answers 
CEO duality - Correct Answer ️️ -A situation in which the CEO also serves as the chair 
of the board 
Comparative Advantage: - Correct Answer ️️ -The idea that certain products may be 
produced more cheaply or at a 
higher quality in particular countries due to advantages in labor costs or technology. 
Competitive Advantage - Correct Answer ️️ -A state whereby a business unit's 
successful strategies cannot be easily 
duplicated b...
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MBA 705 CH 12 Questions and Answers
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MBA 705 CH 12 Questions and Answers 
1. Strategic control consists of determining the extent to which the organization's 
strategies are consistent with those of the firm's closest competitors. 
a. True 
b. False - Correct Answer ️️ -B 
2. Without strategic control, there are no clear benchmarks and ultimately no reliable 
measurements of how the company is doing. 
a. True 
b. False - Correct Answer ️️ -A 
3. Top management uses strategic control to maintain proper alignment between th...
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MBA 705 CH 2&3 Questions and Answers 100% Pass
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MBA 705 CH 2&3 Questions and 
Answers 100% Pass 
False - Correct Answer ️️ -T/F external environment analysis includes an examination 
of industry forces 
False - Correct Answer ️️ -T/F External environment analysis should first occure from 
the perspective oft he organization 
True - Correct Answer ️️ -T/F Firms operating in mulitple distinct markets may be 
affected in different ways by macroenvironment forces in each market 
false - Correct Answer ️️ -T/F Macroenviroment force...
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MBA 705 LSUS Mclaughlin exam 1 2024 Questions and Answers
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MBA 705 LSUS Mclaughlin exam 1 2024 
Questions and Answers 
Blockholders - Correct Answer ️️ -Large shareholders who monitor firm strategies to 
ensure effective management. 
business model - Correct Answer ️️ -The economic mechanism by which a business 
hopes to sell its goods or services and generate a profit. 
CEO duality - Correct Answer ️️ -A situation in which an individual holds both the CEO 
and chair of the board title 
competitive advantage - Correct Answer ️️ -A state ...
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MBA 705 - Module 2 Questions and Answers
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MBA 705 - Module 2 Questions and Answers 
industry - Correct Answer ️️ -a group of companies that produce competing products 
or services 
critical success factors (csf) - Correct Answer ️️ -elements of the strategy that promote 
(but do not guarantee) success within a given industry; often shared by rivals 
primary industry - Correct Answer ️️ -consists of a firm's most direct competitors 
secondary industry - Correct Answer ️️ -consists of a firm's less direct rivals 
Outside...
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LSUS MBA 705 Chapter 12 Questions and Answers
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LSUS MBA 705 Chapter 12 Questions and Answers 
Balanced Scorecard: - Correct Answer ️️ -An approach to measuring performance 
based on an array of 
quantitative and qualitative factors, such as ROA, market share, customer loyalty and 
satisfaction, speed, and innovation. 
Best Practices: - Correct Answer ️️ -Processes or activities that have been successful 
in other firms. 
Business Process Reengineering: - Correct Answer ️️ -The application of technology 
and creativity in an 
effo...
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