6. The term strategy can be defined as:

a. A companys market share, which allows it to outperform competition.

b. A coordinated deployment of a firms resources to achieve competitive advantage.

c. The sum total of a companys financial, organizational, physical and human resources.

d. All of the above.

7. EB Company sells a large pack of Cutie diapers for $20. One pack of diapers requires two pounds of raw material and one hour of direct labor for manufacture. Raw material costs $3 per pound and direct production labor is paid $4 per hour. Fixed supervisory costs are $2,000 per month and EB rents its factory for $4,000 per month. How many packs of diapers should EB sell every month to break even?

a. 500.

b. 400.

c. 600.

d. 800.

8. Amina Begum, the Vice President (Sales) of MGT 460 Inc. manages a portfolio of three products in the computer division. The new Intel M ULV 773 processor-based Sleekline model has a low market share of around 5%, but has just been introduced, and since the market is booming, Amina is hopeful that it will grow into maturity. Stallion, the Xenon-based system, has a market share of 88% in the industry segment it operates in, but the market is stable and not growing too fast. Finally, there is the Pentium4-based Thunderbird, which only sells in discount markets in rural areas.Which of the following describes the product portfolio under Amina?

a. Sleekline-question mark, Stallion-star, Thunderbird-cash cow \

b. Sleekline-question mark, Stallion-cash cow, Thunderbird-dog

c. Sleekline-Star, Stallion-cash cow, Thunderbird-dog

d. Sleekline-question mark, Stallion-dog, Thunderbird-cash cow

9. Microsoft's CFO finds that the company has a current ratio of 3.7. He would conclude that the firm is

a. Over-leveraged

b. Too-liquid

c. Undercapitalized

d. Profitable

10. What is a good example of an ethnocentric strategy of global HRM?

a. A Japanese company that has an Italian as its CEO.

b. A US company that hires an American to run their Brazilian operations.

c. A German Company that hires a Portuguese manager to run the Portugal unit and a Spanish man to run the Spanish unit.

d. A Chinese company that hires a UK national to run its Jamaica unit (because Jamaica uses English as a formal language).