Reference no: EM132223688

1. Dillon enters into a contract with Best Electronics Stores, Inc. (BESI). Dillon fails to disaffirm soon after reaching the age of ma­jority, but attempts to disaffirm the contract two years later. BESI files a suit against him. The court will most likely consider the contract ratified if it is

A. executed.

B. exculpatory

C. disaffirmed.

D. rescinded.

2. American Latina Logistica (ALL), the subject of an HBR article we read as homework, had middle managers who were confused and were pushing their own agendas at the expense of the firm. How did All restructure its planning system to correct the problem?

a) More layers were added to the hierarchy

b) Layers were eliminated from the hierarchy

c) More bureaucratic controls were put in place

d) Priority was placed on one bottleneck (capital budgeting) and simple rules were used to clarify objectives

e) A strategic group map was drawn to identify competitor positioning

3. Intangible resources are likely to lead to more durable advantages because

a) They are integral part of senior management's articulated vision

b) They are relatively easy to substitute for or duplicate

c) They are closely tied to a firm revenues and stock price

d) They are usually on the "worry list" of senior management

e) They are built over time or through socially complex processes

4. By articulating a strategic vision, a statement of the future course and direction of the company, management:

a) Communicates its aspiration to stakeholders

b) Helps steer the energies of company personnel in a common direction

c) Sets a "reference point" for gauging the merits of the company's strategic action

d) Crystalizes its own views about the firm's long-term direction

e) All of the above