23 )_is the power that arises because of a person's desirable resources or personal traits,
(A) Expert power
(B) Referent power
(C) Reward power
(D) Legitimate power

24) Charles wants to prevent problems before their occurrence. Which of the following is the most desirable type of control to achieve this goal? (A) proactive control (B) preventive control (C) feedforward control (D) feedback control

25) Corporate governance_. (A) refers to executive governance practices in companies (B) is a system used to govern a corporation so that the interests of corporate owners are protected (C) is a term that refers to legal agreements made between two or more partner firms (D) refers to the compliance of the company to applicable laws and regulations

26) Today’s Walmart organizations often face opposition when they go into a community to open a new Walmart store. One reason for this is that Walmart has been accused of unethical acts such as discriminating against women and minorities. Walmart’s poor treatment of women and minority employees might be considered a failure with respect to what area of management? (A) Strategic positioning (B) Organizational design and structure (C) Individual leadership (D) Shareholder value

27) A pharmaceutical firm’s R&D studies show that a new pain medication, while highly effective at reliving pain, places individuals at high risk for a heart attack. Because of the effectiveness of the medication in pain relief，the firm is likely to sell a lot of medication, increasing profits and shareholder value. Despite this, the CEO decides not to market the product due to the health risk to patients. His decision is based on which of the following arguments for CSR? (A) Moral responsibility (B) Sustainability (C) License to operate (D) Reputation

28) An IT company decides to create a MP3 player to compete with-Apple’s IPod. Before doing so, they ensure that they have the technical talent needed for the research and development efforts. In doing so, they are determining the quality of what aspect of their firm strategy? (A) External fit (B) Internal fit (C) Differentiation (D) Implementable

29) Microsoft has been somewhat protected from the threat of new entrants with its Windows product because of customer preference to buy software that is compatible with the existing universe of software. Which of the following describes the reason why threat of new entrants is reduced? (A) Supply-side benefits of scale (B) Demand-side benefits of scale (C) Customer switching costs (D) Capital requirements

30) A large US corporation manufactures and sells office furniture. It develops a good name in this business and has strong capital resources. The corporation decides to purchase a failing food product distributor in order to try and turn that company around. Which of the following types of diversification is the firm pursuing? (A) Related diversification (B) Unrelated diversification (C) Corporate diversification (D) Strategic diversification

31) Sony was a leading manufacturer of personal portable CD players. However, despite the potential impact on this product, SONY decided to manufacture and distribute MP3 players to compete with the IPod. What kind of competitive action did SONY take? (A) Preemptive action (B) Entrepreneurial action (C) Deterrent action (D) Cooperative action

32) Most US employees are willing to disagree with their boss, whereas many employees in Asian countries are not comfortable doing so. This difference in the behavior of US and Asian workers is due to what cultural di fference? (A) Individualism versus collectivism (B) Uncertainty avoidance (C) Power distance (D) Masculinity versus femininity

33) A US manufacturer of dessert products wishes to expand to Asia. However, the firm realizes that Asians do not like desserts that are as sweet as Americans. Thus, they feel it is important to adapt to local norms to succeed. Which of the following strategies would you advise this firm to use? (A) Multinational strategy (B) Global strategy (C) International strategy (D) Transnational strategy

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