My 6 MCQ's 3pts each
Moadh Garrouch
MCQ 1
Free doesn’t mean profitless which is why companies are making business models to make money around free, all of the following are market examples but which one has the LOWEST cost to the customer?
A) "By one get one free” which is another way of saying 50 percent off when you buy two
B) “Free gift inside” which means that the cost of the gift has been included in the overall product
C) “Free downloads” where you can download music ,applications and games from iTunes(Answer)
D) “Free Shipping” but the price of shipping has been built into the product’s markup
E) “Free gym membership” where you pay nothing as long as you show up at least once a week
MCQ 2
The Future of Management: Which of the following is INCORRECT?
A. Management innovation tends to yield a competitive advantage when the innovation is not systemic.
B. Every great innovation travels a road that leads from birth to maturity, and occasionally to senescence.
C. Anything that dramatically changes how work gets done can be labeled as management innovation.
D. Innovation is usually an iterative process where solutions emerge through trial and error.
E. Management innovation possesses a unique capacity to create difficult-to-duplicate advantages.
MCQ 3
All of the following contribute to customer valuation for Apple EXCEPT?
(A) Performance Improvements, such as new generation of iPod.
(B) Customization, by changing the Mac features for customers.
(C) Convenience, by introducing the touch screen feature to their products.
(D) Risk reduction, in the form of guarantees and warranties.
(E) Newness, by making a new processor for an iPad
MCQ 4
All of the following are imperatives for dramatically boosting innovation efficiency EXCEPT?
(A) Increasing the number of employees who regard themselves as innovators.
(B) Raising the ratio of externally sourced innovation to internally sourced innovation.
(C) Commitment to a relatively small number of broad innovation goals followed by consistency.
(E) Balancing radical innovation and incremental innovation.
(D) Exploring new opportunities with minimal risk.
MCQ 5
Sustainable competitive advantage stems from all of the following organizational capabilities EXCEPT?
(A) The ability to manage complex and interconnected systems of multiple stakeholders.
(B) The ability to motivate employees and partners.
(C) The ability to centralize decision-making in the top management.
(D) The ability to experiment rapidly and frequently.
(E) The ability to read and act on signals of change.
MCQ 6
All of the following are steps to make experiments more effective EXCEPT?
(A) Test one thing at a time.
(B) Limit the duration.
(C) Start with experiments that have the highest risk.
(D) Be willing to turn off experiments.
(E) Apply the lessons learned when experiment is over.
Moadh Garrouch
MCQ 1
Free doesn’t mean profitless which is why companies are making business models to make money around free, all of the following are market examples but which one has the LOWEST cost to the customer?
A) "By one get one free” which is another way of saying 50 percent off when you buy two
B) “Free gift inside” which means that the cost of the gift has been included in the overall product
C) “Free downloads” where you can download music ,applications and games from iTunes(Answer******)
D) “Free Shipping” but the price of shipping has been built into the product’s markup
E) “Free gym membership” where you pay nothing as long as you show up at least once a week
MCQ 2
The Future of Management: Which of the following is INCORRECT?
A. Management innovation tends to yield a competitive advantage when the innovation is not systemic.*****
B. Every great innovation travels a road that leads from birth to maturity, and occasionally to senescence.
C. Anything that dramatically changes how work gets done can be labeled as management innovation.
D. Innovation is usually an iterative process where solutions emerge through trial and error.
E. Management innovation possesses a unique capacity to create difficult-to-duplicate advantages.
MCQ 3
All of the following contribute to customer valuation for Apple EXCEPT?
(A) Performance Improvements, such as new generation of iPod.
(B) Customization, by changing the Mac features for customers.
(C) Convenience, by introducing the touch screen feature to their products.
(D) Risk reduction, in the form of guarantees and warranties.
(E) Newness, by making a new processor for an iPad******
MCQ 4
All of the following are imperatives for dramatically boosting innovation efficiency EXCEPT?
(A) Increasing the number of employees who regard themselves as innovators.
(B) Raising the ratio of externally sourced innovation to internally sourced innovation.
(C) Commitment to a relatively small number of broad innovation goals followed by consistency.
(E) Balancing radical innovation and incremental innovation.*****
(D) Exploring new opportunities with minimal risk.
MCQ 5
Sustainable competitive advantage stems from all of the following organizational capabilities EXCEPT?
(A) The ability to manage complex and interconnected systems of multiple stakeholders.
(B) The ability to motivate employees and partners.
(C) The ability to centralize decision-making in the top management.****
(D) The ability to experiment rapidly and frequently.
(E) The ability to read and act on signals of change.
MCQ 6
All of the following are steps to make experiments more effective EXCEPT?
(A) Test one thing at a time.
(B) Limit the duration.
(C) Start with experiments that have the highest risk.***