pls answer accordanly

The Co-alignment Model describes and explains how successful hospitality managers respond to the external environment and make strategic choices to attain sustainable competitive advantage. True False Question 2 Competitive methods in the hospitality industry are made of portfolios of products and service designed to bring the unique resources and capabilities of the firm together in order to achieve advantage in the marketplace. True False Visioning the future is the ability to understand how the business environment provides opportunities and threats. True False Question 4 2 pts The goal of environmental scanning is to successfully identify business strategy. True False. Value drivers are dependent variables in the cause and effect relationship. True False Question 6 E-commerce makes the price of a product less transparent to the consumers. True False Investors can avoid unnecessary risk by making the right investments based upon their effective environmental scanning. True False Question 8 The overall strategy of a firm begins with the choice of competitive methods. True False Core competencies, as indicated in the textbook, serve to support the continuing development and maintenance of the peripheral competencies. True False Question 10 2 pts Recent research suggests that where a firm is able to achieve the tightness of fit, firm performance is better. True False The acceleration of uncertainty means that future managers will be expected to anticipate events in the future with more regularity and accuracy. True False Question 12 2 pts The style of leadership depends on the relationship among leader, follower, environment, and stakeholder. True Faise Service products are produced and consumed simultaneously, so they are perishable. True False Question 14 2 pts The most interesting challenge facing tomorrow's manager will be the need to be a visionary, to possess the creativity to see opportunity where others will see threats, and to invest in competitive methods that will lead the firm into advantage over its present and future competition. True False What kind of characteristics should a future leader have? Emotional strength to manage their own and other's anxiety The willingness and ability to share power and control according to people's knowledge and skills Perception and insight into the realities of the world and into themselves All of the above Question 16 Implementation allows firms to: Achieve intended strategies Obtain improved management expertise. Match contextual and process variables. Achieve the maximum use of all resources. The dimensions of firm structure refer to how an organization allocates resources throughout the firm and is made up of several dimensions. It includes the following except: Centralization Formalization Sophistication Complexity Configuration Question 18 2 pts The life of a competitive method is linked to: The forces driving change as identified in the remote environmental analysis The value drivers Competitor actions Demand curve makeup All of the above Net Present Value measures: The return on equity The return on capital The return on an asset The return on an investment (project) Question 20 2 pts Which is the second most significant internal value driver that affects the cash flows of a hospitality enterprise? Labor Cost of goods sold Insurance Energy Which value drivers can be measured easily? Traveler's attitude Individual's perceptions Revenues and expenses Employee morale Question 22 2 pts When discussing the structure of an environmental scanning system, one must consider the following issues: who should participate in the process what resourtes should be allocated how the information is being processed and used all of the above Improving your understanding of the body of knowledge suggests that you are able to: estimate probabilities that an event will occur know the subject well enough so that you will be able to see subtle changes occurring identify more competitive methods to invest in improve your understanding of your perceptual window Question 24 Corporate, business, and functional strategies differ in: focus responsibilty for decision making time frame for implementation specificity all of the above Indicate the item that does NOT reflect the essence of strategy: a. Strategy includes many activities that come together synergistically to produce the results expected by the shareholders in the firm. b. Strategy includes many activities that come together synergistically to produce the results expected by the shareholders in the firm. c. Strategy dernands high levels of energy and an orientation to the future. d. In order to achieve the results expected by the stakeholders in the firm, strategy should be done every three years