In high$-$technology firms engaged in basic research, which factors are critical due to the nature of R&D activities?

Question $1$ options:

Strict supervision and regular performance reviews are essential due to the long lead times involved in R&D activities.

Internalized norms and values play a significant role in guiding behavior and maintaining productivity.

Short$-$term metrics are the most effective way to evaluate individual performance in high$-$technology firms.

High levels of autonomy are crucial because individual performance is challenging to measure accurately in the short term.

Question $2(1$ point$)$

In the Porter diamond$-$of$-$national$-$advantage framework, which of the following factors does not affect the competitiveness of a nation?

Question $2$ options:

The presence or absence in the nation of internationally competitive supplier industries

The conditions in the nation governing the nature of foreign rivalry

The position of the nation in factors of production necessary to compete in a given industry

The influence of international economic policies on the nation's industries

Question $3(1$ point$)$

Which of the below best describes the competitive tendencies of small firms?

Question $3$ options:

Small firms are highly innovative and agile, allowing them to respond quickly to market changes and customer needs.

Small firms often focus on niche markets, leveraging specialized expertise to compete effectively.

Small firms typically avoid innovation and prefer to follow established market leaders.

Small firms tend to rely heavily on economies of scale to reduce costs and compete with larger firms.

Question $4(1$ point$)$

Which of the following statements best captures the underlying motivations for companies to engage in competitive challenges?

Question $4$ options:

Competitive challenges are often launched by companies aiming to enhance their reputation for innovation and efficiency.

The success of companies like Tesla with the Model S demonstrates that companies generally avoid responding to new industry trends like electric vehicles.

Strengthening financial outcomes and capturing extraordinary profits that industry leaders enjoy are key motivations for companies to engage in competitive challenges.

Companies engage in competitive challenges solely to cause financial harm to their competitors.

Question $5(1$ point$)$

Which of the following statements best explains the role of control mechanisms in directing organizational behavior towards achieving goals and objectives?

Question $5$ options:

The three fundamental types of control$$culture$,$ rewards and incentives, and boundaries and constraints$$are used to align individual actions with organizational goals.

An organization may choose to implement one or a combination of control mechanisms based on various internal and external factors.

Control mechanisms focus on individual behavior without regard to the overall organizational objectives.

Control mechanisms are primarily concerned with enforcing compliance, rather than aligning behavior with organizational objectives.

Question $6(1$ point$)$

Which of the following statements best describes the relationship between rewards, culture, and external controls in organizations?

Question $6$ options:

Reward systems should be aligned with organizational goals, as demonstrated by Marks and Spencer's efforts to promote sustainability through supplier reward systems.

External controls, such as rules and regulations, are always necessary regardless of the strength of the organizational culture or reward systems.

A strong organizational culture, combined with a well$-$aligned reward system, can minimize the need for external controls such as rules and regulations.

The effectiveness of reward systems is independent of their alignment with organizational goals and objectives.

Question $7(1$ point$)$

Which of the following accurately describes essential steps in the process that entrepreneurs use to determine which ideas are viable enough to become successful new ventures?

Question $7$ options:

The process includes identifying, selecting, and developing potential opportunities to filter the most promising ideas.

Skipping the selection process is advisable if the entrepreneur is confident in their initial idea's potential.

Entrepreneurs must engage in opportunity recognition, which involves evaluating and refining potential opportunities

Entrepreneurs should focus primarily on developing all ideas simultaneously to maximize potential.

Question $8(1$ point$)$

Rivalry is intense in nations with conditions of $\_\_\_\_\_\_\_\_$ consumer demand, $\_\_\_\_\_\_\_\_$ supplier bases, and $\_\_\_\_\_\_\_\_$ new entrant potential from $\_\_\_\_\_\_\_\_$ industries.

Question $8$ options:

Strong; strong; weak; related

Weak; weak; high; outside

Strong; strong; low; competing

Strong; strong; high; related

Quest