1. A publicly traded international company includes the following statement in its annual report: "Fair business practices are not optional - they are a fundamental part of how we do business. What kind of statement does this best reflect? a) Mission b) Values c) Vision d) Goals/objectives 2. Which of the following statements regarding stakeholder analysis is true? a) Stakeholders' needs generally align b) For a public company, shareholders are the primary stakeholders, so the priority will always be on generating current profits. c) Organizations need to determine which stakeholders they can disappoint. d) Stakeholder groups operate independently, so each group should be analyzed in isolation. 3. The New Brunswick premier has advocated for the introduction of a federal requirement that new immigrants to Canada, under 30 years of age, must live in New Brunswick for several years before being eligible to move to another province. The premier's rationale was that the province has an aging population and needs younger workers to support that population. Furthermore, the added diversity is beneficial to the province. Which of the following PESTEL forces is LEAST reflected in the premier's arguments? a) Technological b) Political c) Economic d) Social 4. ABC manufactures and distributes miniature hydro-electric power wheels that generate electricity for personal use when placed in creeks and streams. After-sale service is provided by another company. Management has divided the main activities into those that are directly involved in manufacturing, selling, and distributing the wheels, along with those that are of a support nature. For each step, management has estimated what customers are willing to pay for this product, and the relevant costs incurred by the company. Which of the following are being used in management's analysis? a) Value-chain analysis but not profit pool analysis b) Profit pool analysis but not value-chain analysis c) Value-chain analysis and profit pool analysis d) Neither value-chain analysis nor profit pool analysis 5. XYZ produces food preservation systems such as dehydrators, smokers, and vacuum sealers. One of its key target markets is wilderness adventure companies that prepare meals for long expeditions. XYZ is the exclusive supplier of a specific type of plastic bag for use in vacuum sealers. The bags are very popular because they are formulated to not attract wildlife when camping. The bags generate strong profits and cannot be copied by competitors because they are protected by patent. Which of the following statements most accurately describes how these bags would be reflected in a resources, capabilities, and core competency analysis? a) Resources have been used to generate a strategic capability but not a core competence. b) The bags provide superior performance over those of competitors but should be outsourced to generate even more profits. c) Processing and marketing the bags represents a capability that should be assessed and monitored. d) An intangible resource has been integrated in a manner that has resulted in a sustainable competitive advantage