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Exam 4: Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

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Question 41

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Knowledge-based resources tend to be more ________ in nature and therefore they are ________ difficult to protect against loss (i.e. ,the individual quitting the organization) than other types of capital,such as equipment,machinery,and land.

A) explicit;less
B) explicitly;more
C) tacit;more
D) tacit;less

E) B) and D)
F) B) and C)

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Question 42

Multiple Choice

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Using an idea does not prevent others from simultaneously using it for their own benefit.Typically,this is impossible with ________ assets.

A) intangible
B) strong
C) physical
D) flimsy

E) A) and B)
F) A) and C)

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Question 43

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The best protection for intellectual property in the long run is likely to be the development of

It is anticipated that the worldwide shortage of highly skilled,college-educated workers will increase significantly by 2020,according to research by McKinsey Global Institute.Some companies are going as far as to redefine the jobs of their experts and are transferring some of their tasks to lower-skilled people inside and outside of their companies.By redefining these ________ knowledge jobs,they address ________ shortages and ________ costs while enhancing job satisfaction.

Which of the following firms would you expect to have the highest ratio of market value to book value?

The use of information technology (e.g. ,email) has increased in recent years in many organizations.This has helped to

Which of the following reasons explains why painter Vincent van Gogh died penniless,while painter Pablo Picasso left a 740 million USD estate upon his death?

According to the resource-based view of the firm,competitive advantages are ________ for competitors to copy,if they are based on unique bundles of resources.

Intellectual property rights are ________ to define and protect than property rights for physical assets (e.g. ,plant,equipment,and land) .

The management of intellectual property involves all of the following except

Professionals frequently leave Microsoft en masse to form venture capital and technology start-ups,called Baby Bills,built around teams of software developers.This is an example of ________ causing human capital mobility.

Companies that take hiring seriously must also take ________ seriously because having the right job candidates is important.

Software algorithms are a form of ________ that,once developed and paid for,can be reused many times at a very low cost.

Developing and protecting social capital requires independence,in which individuals must spend most of their time working individually.

Human capital includes

SAP uses ________ to leverage the expertise and involvement of its users in developing new knowledge and then transmitting it to the entire SAP user community.

Technical skills are a necessary and sufficient condition for hiring an employee.

Social network analysis is helpful because the configuration of the group member social ties within and outside the group affects the extent to which members connect to individuals who do all of the following except

Sharing knowledge and information throughout the organization is important for conserving resources,developing products and services,and thwarting new opportunity creation.

In social network analysis,the importance of ties connecting heterogeneous people that help to ensure a wide range of diversity in information and perspective is known as