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Final Exam, questions and answers

Strategic Management (University of Alabama)

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The Comprehensive Exam Prep & Sample

The test bank for the comprehensive exam consists of 5 versions of each of the 40 questions. Each person taking the
comprehensive exam has a unique test version, consisting of a random selection of the five versions of each question, with
random ordering of both the 40 questions and the five answer selections for each question. This was done to make it
exceptionally difficult (impossible?) for students to collaborate on the answers in the time allotted, thereby protecting the
integrity of each student’s test score.

Rest assured that the “open book” nature of the exam does not translate into test questions that are “easy” or “dumbed down” to
where all class members will be able to earn scores in the 80s or 90s without really knowing very much about assessing
competitive conditions in the athletic footwear marketplace, the strategies and maneuvering of their footwear rivals, and options
at their disposal for improving their company’s performance. Indeed, as you will quickly discover from perusing the percentage
of correctly-answered questions for the six learning measures and the overall scores, the questions are challenging and probe
fairly deeply into how much students really know and have learned from the BSG exercise.

DO NOT BE DISTURBED IF A PREPONDERANCE OF THE PERCENT-CORRECT SCORES ARE “LOW” The test
questions were deliberately formulated to be difficult and likely result in scores spread along a continuum ranging from the 20s to
the perhaps the highs 80 (but rarely higher). Such a spread provides you with feedback that clearly separates the performances on
the exam from “outstanding” to “excellent” to “very commendable” to “average” to “subpar” to “very poor.” Only the sharpest
and most knowledgeable company managers are likely to answer 30 or more of the 40 questions correctly—thus a score of
75 or higher should be viewed as “excellent” to “outstanding” and “worthy” of a grade of A- or higher. Students with a “very
good-to-good” understanding of how to manage company operations and achieve acceptable company performance are
likely to answer between 24 and 30 of the questions correctly (which equates to a %-correct score of 60 to 75). Students
who have paid scant attention to the market data and competitive maneuvers of rivals and made lots of seat-of-the-pants
decisions will be hard-pressed to correctly answer many more than half of the questions. Students who have only a dim
understanding of company operations and have relied heavily on one or more team members to do most (all?) of the
strategic thinking and analysis will likely earn %-correct scores of less than 40, most often a lot less.

SCORE OUTCOMES:
75% or Higher: Excellent to Outstanding
60%-74.9%: Good to Very Good
50% -59.9%: Average
Below 50%: Very Poor to Subpar

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Labor cost per pair = Compensation / Productivity

Labor cost per pair initially = 20,000 / 3,200 = $6.25
After increase in productivity = 20,000 / (3,200*1.25) = $5.00
Reduction = 6.25 – 5.00 = $1.25

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