Which of the following growth options is the healthiest

Subject: General Questions / General General Questions
Question
1)Which of the following growth options is the healthiest and the pattern that
leads to sustained growth?
A.
The firm enjoys a brief boom and then plateaus.
B.
The firm bursts on the scene with years of expansion and then decelerates and
declines.
C.
The firm plateaus for a long period and then grows in fits and starts.
D.
The firm grows in fits and starts, possibly in sync with the overall economy.
E.
It achieves steady incremental growth that is repeated over time.
2) A firm’s core strategy is largely determined by its _______.
A.
market
B.
core competencies
C.
competition
D.
stakeholders
E.
Shareholders
3) In his book Good to Great, Jim Collins states that successful businesses keep
their heads down and do one thing particularly well like _____.
A.
lions B.
tigers
C.
foxes
D.
Hedgehogs
E.
Wolves
4) Economies of ____ are generated when increasing production lowers the
average cost of each unit produced.
A.
exploration
B.
scope
C.
scale
D.
speed
E.
exploitation
5) With economies of ____, the advantage a firm accrues comes through the
range of a firm’s operations.
A.
speed
B.
exploitation
C.
scale D.
scope
E.
innovation
6) When TOMS uses the same feature to advertise TOMS shoes along with
TOMS eyewear and TOMS coffee, it is benefitting from economies of ____.
A.
scope
B.
scale
C.
marketing
D.
execution
E. Innovation
7) ____ costs are costs that a company incurs whether it sells something or not.
A.
Organizational
B.
Fixed
C.
Mandatory
D.
Statutory
E.
Variable
8) ____ Costs are the costs a firm incurs as it generates sales. A.
Mandatory
B.
Variable
C.
Overhead
D.
Fixed
e)
Statutory 9) Which of the following is NOT an appropriate reason for firm growth?
A.
Market leadership
B.
Economies of scope
C.
Influence, power, and survivability
D.
Need to accommodate the growth of key suppliers
E.
Economies of scale
10) Market leadership occurs when a firm holds the number one or two position in
an industry or niche market in terms of ____.
A.
sales volume
B.
capital C.
resources
D.
core competencies
E.
profits
11) The stages of the organizational life cycle are introduction, early growth,
___, maturity, and decline.
A.
growth spurt
B.
stability
C.
plateau
D.
continuous growth
E.
controlled growth
12) The ____ stage of the organizational life cycle is a very "hands-on" phase for
the founder or founders, who are normally involved in every aspect of the day-today life of the business.
A.
early growth
B.
decline
C.
maturity
D.
continuous growth E.
Introduction
13) In what stage of the organizational life cycle is the firm likely to be
nonbureaucratic with no (or few) written rules or procedures?
A.
Maturity
B.
Decline
C.
Early growth
D.
Introduction
E.
Continuous growth
14) A business enters the ___ stage of the organizational life cycle when its
growth slows.
A.
late growth
B.
decline
C.
introduction
D.
early growth
E.
maturity
15) The ____ life cycle is associated with the concept of "crossing the chasm." A.
non-scalable
B.
lifestyle
C.
organizational
D.
technology
E.
not-for-profit
16) A framework that is similar to the organizational life cycle is the technology
adoption life cycle, which is suited primarily for technology firms that are
introducing ____ to the market.
A.
incremental innovations
B.
disruptive innovations
C.
new products
D.
entrepreneurial innovations
E.
new services
17) The toughest decisions are typically made in the ____ stage of the
organizational life cycle.
A.
decline
B.
early growth C.
introduction
D.
maturity
E.
continuous growth
18) According to Edith T. Penrose (in her book The Theory of the Growth of the
Firm),
firms are collections of productive ____ that are organized in an administrative
framework.
A.
resources
B.
employees
C.
capital
D.
routines
E.
processes
19) A firm’s administrative framework consists of two kinds of services that are
important to a firm’s growth, ____ services and managerial services.
A.
competitive
B.
founder’s
C.
resource D.
entrepreneurial
E.
market
20) ____ means that as a firm grows and adds personnel, the new hires typically
do not have the same ownership incentives as the original founders, so the new
hires may not be as motivated as the founders to put in long hours or may even
try to avoid hard work.
A.
Growth barrier
B.
Adverse selection
C.
Managerial capacity problem
D.
Opportunity set
E.
Moral hazard
21) When a firm’s managerial resources are insufficient to take advantage of its
new product and services opportunities, the subsequent bottleneck is referred to
as the ________ problem.
A.
growth constraint
B.
organizational constraint
C.
adverse selection
D.
moral hazard E.
managerial capacity
22) The faster a firm grows, the less time managers have to evaluate the
suitability of job candidates and the higher the chances are that unsuitable
candidates will be chosen. This problem is called ____.
A.
managerial bottleneck
B.
adverse selection
C.
managerial capacity
D.
moral hazard
E.
scalability constraint
23) Which of the following is NOT a day-to-day challenge that a growth
firm faces?
A.
Price stability
B.
Cash flow management
C.
Capital constraints
D.
Quality control
E.
Product constraints
24) If an entrepreneur opened a fast-casual restaurant near a Panera Bread that
started eroding the Panera Bread’s market share, Panera Bread would probably fight back by running promotions or lowering prices. This challenge that
entrepreneurial firms face in growing is called _____.
A.
adverse selection
B.
price stability
C.
product constraint
D.
competitive constraint
E.
moral hazard
25) A business can literally have $1 million in accounts receivable but not be able
to meet a $25,000 payroll. This is called the ____ problem.
A.
budget
B.
cash flow management
C.
business plan
D.
capital constraint
E.
business model

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