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1193e6d1_1_Review_Flashcards___Cram_com__egulation_important_to_humans_
they pass through the permeability membrane better, water-soluble drugs are hydrophobic and don't penetrate the barrier easily
In clinical practice, drugs can be delivered by diffusion across the skin (transdermal administration). Why are fat-soluble drugs more suitable for this than water soluble?
[]
BIOL 223 Exam 1 Review Flashcards - Cram.com
Why is homeostatic regulation important to humans?
http://www.cram.com/flashcards/biol-223-exam-1-review-499406
42/1438042989018.40_20150728002309-00225-ip-10-236-191-2_378248568_0.json
1193e6d1_1_Review_Flashcards___Cram_com__egulation_important_to_humans_
melanin helps prevent skin damage by absorbing UV radiation before it reaches deep layers or damages nuclear DNA
What are the benefits of a tan?
[]
BIOL 223 Exam 1 Review Flashcards - Cram.com
Why is homeostatic regulation important to humans?
http://www.cram.com/flashcards/biol-223-exam-1-review-499406
42/1438042989018.40_20150728002309-00225-ip-10-236-191-2_378248568_0.json
1193e6d1_1_Review_Flashcards___Cram_com__egulation_important_to_humans_
the more melanin their melanocytes produce
The darker an individual's skin color...
[]
BIOL 223 Exam 1 Review Flashcards - Cram.com
Why is homeostatic regulation important to humans?
http://www.cram.com/flashcards/biol-223-exam-1-review-499406
42/1438042989018.40_20150728002309-00225-ip-10-236-191-2_378248568_0.json
1193e6d1_1_Review_Flashcards___Cram_com__egulation_important_to_humans_
penetration to the level of the capillaries
In order for bacteria to cause an infection in the skin, what don't they have to accomplish?
[]
BIOL 223 Exam 1 Review Flashcards - Cram.com
Why is homeostatic regulation important to humans?
http://www.cram.com/flashcards/biol-223-exam-1-review-499406
42/1438042989018.40_20150728002309-00225-ip-10-236-191-2_378248568_0.json
1193e6d1_1_Review_Flashcards___Cram_com__egulation_important_to_humans_
UV radiation converts a cholesterol related steroid into vitamin D3 (cholecalciferol), this is then converted into calcitrol, which is needed for calcium and phosphorus absorption
What does sunlight do to promote bone maintenance and growth?
[]
BIOL 223 Exam 1 Review Flashcards - Cram.com
Why is homeostatic regulation important to humans?
http://www.cram.com/flashcards/biol-223-exam-1-review-499406
42/1438042989018.40_20150728002309-00225-ip-10-236-191-2_378248568_0.json
1193e6d1_1_Review_Flashcards___Cram_com__egulation_important_to_humans_
they can drink milk, which is fortified with cholecalciferol
What can be done if a child can't get enough sunlight to minimize impaired maintenance and growth of bone?
[]
BIOL 223 Exam 1 Review Flashcards - Cram.com
Why is homeostatic regulation important to humans?
http://www.cram.com/flashcards/biol-223-exam-1-review-499406
42/1438042989018.40_20150728002309-00225-ip-10-236-191-2_378248568_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] A-B-A Design
An experimental design consisting of an initial baseline until stable, a treatment condition until behavior changed and steady responding and return to baseline by withdrawing IV to see if responding reverses to levels observed in initial baseline
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] A-B-A-B Design
An experimental design consisting of initial baseline, an initial intervention (treatment implemented until behavior has changed adn steady responding), return to baseline, return to intervention to see if initial treatment effects are replicated
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] A-B-C Design
An experimental design consisting of a baseline phase, a treatment phase, and a phase with a different treatment.
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Alternating Treatment Design
An experimental design in which 2 or more conditions are presented in rapidly alternation succession (1 phase may be control) independent of level of responding.
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Applied Research
Research designed to solve socially significant problems
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Arbitrary Matching to Sample
Extra Credit:
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Ascending Trend
An increasing data path
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] B-A-B Design
A three phase experimental design that begins with the treatment phase (IV), then treatment is withdrawn, and then the treatment (IV) is reintroduced.
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Baseline
A condition of an experiment in which the IV is not present; data obtained in baseline are basis for determining effects of IV- doesn't mean absence of treatment, just absence of specific IV
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Basic Research
Research designed just to determine the function of behavior with no thought for application
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Behavior
Any activity of a living organism that results in a measurable change in atleast 1 aspect of the environment.
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Changing Criterion Design
An experimental design in which an initial baseline phase is followed by a series of treatment phases(IV is present) consisting of successive and gradually changing criteria for reinforcement or punishment. Experimental control is evidenced by the extent the level of responding changes to conform to each new criterion.
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Confound
An uncontrolled factor known or suspected to exert influence on the dependent variable.
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Continuous Measurement
Measurement conducted where all instances of the response class of interest are detected during the observation period
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Discontinuous Measurement
Measurement conducted in which some instances of the response class of interest may not be detected
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Cumulative Recorder
A device that automatically draws cumulative records (graphs) that show the rate of response in real time; each time a response is emitted, a pen moves upward across paper that continuously moves at constant speed
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Dependent Variable
The variable in an experiment measured to determine if it changes as a result of manipulations of the independent variable
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Descending Trend
A decreasing data path
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Direct Replication
An experiment in which the researcher attempts to duplicate exactly the conditions of an earlier experiment
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Empirical
the objective observation of the phenomena of interest
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Event Recording
Measurement procedure for obtaining a count of the number of times a behavior occurs
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Experiment
A carefully controlled comparison of some measure of the dependent variable under two or more different conditions in which only one factor at a time (IV) differs from one condition to the other
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Experimental Control
the extent to which the experimenter has demonstrated a true functional relation and internal validity
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Experimental Design
The particular type and sequence of conditions in a study so that meaningful comparisons of the effects of the presence and absence f the independent variable can be made
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Experimental Question
A statement of what the researcher seeks to learn by conducting the experiment
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] External Validity
The degree to which a study's findings have generality to other subjects, settings, and/or behaviors.
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Extraneous Variable
Any aspect of the experimental setting that must be held constant to prevent unplanned environmental variation
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Frequency
the number of times a behavior occurs
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Functional Relation
manipulations of the IV reliably produce changes in the DV and the changes are unlikely due to confounds or extraneous variables
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Graphing
adf
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Independent Variable
The variable that is systematically manipulated by the researcher in an experiment to see whether changes in the IV produce reliable changes in the DV
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Interval Validity
dfsaf
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Inter-Observer Agreement
The degree to which two or more independent observers report the same observed values after measuring the same events
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Irreversibility
A situation that occurs when the level of responding observed in a previous phase cannot be reproduced even though the experimental conditions are the same as they were during the earlier phase
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Latency
df
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Multiple Baseline Design
An experimental design that begins with the concurrent measurement of two or more behaviors in a baseline condition, followed by the application of the treatment variable to one of the behaviors while baseline conditions remain in effect for the other behaviors. After maximum change has been noted in the first behavior...
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Multi-Element Design
adf
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Partial Interval Recording
adf
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Percent Correct
The number of correct responses divided by the total number of responses multiplied by 100.
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Permanent Product
Permanent record of behavior that can be viewed repeatedly
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Procedural Integrity
s
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Replication
adf
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Reversal Design
Any experimental design in which the researcher attempts to verify the effect of the independent variable by reversing responding to a level obtained in a previous condition
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Semi-Logarithmic Chart
A 2d graph with a logarithmic scaled y axis so that equal distances on the vertical axis represent changes in behavior that are of equal proportion
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Single-Subject Research Designs
Research designs that use baseline logic to demonstrate the effects of the independent variable on the behavior of individual subjects
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Social Validity
Refers to the extent to which target behaviors are appropriate, intervention procedures are acceptable, and important and significant changes in target and collateral behaviors are produced
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Trend
The overall direction taken by a data path
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Validity
The extent to which data obtained from measurement are directly relevant to the target behavior of interest and to the reason for measuring it.
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
8700204f_aschards_Flashcards___Cram_com__tible_to_extraneous_variables_
[A-B Design] Withdrawal Design
A-B-A design: experiments in which an effective treatment is sequentially or partially withdrawn to promote the maintenance of behavior changes
[]
Research Flaschards Flashcards - Cram.com
A single subject design consisting of a baseline phase where the IV hasn't been introduced and an intervention phase where the IV was introduced. It doesn't demonstrate a functional relation and susceptible to extraneous variables.
http://www.cram.com/flashcards/research-flaschards-1999889
42/1438042989018.40_20150728002309-00190-ip-10-236-191-2_381701395_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What causes IRR to change?
- Cash Flows
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
Why do you choose not to use flotation costs?
They are insignificant These reduce the amount of capital raised from the sale and increase the WACC
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What are are three guidelines for cost of debt?
1. Assume long term debt comes from the sales of bonds 2. Tax cost depends on firms debt rating/ Has outstanding debt – determine YTM and use for new debt 3. Can use bond rating and look at the cost that is similar to bonds in the market place
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What is internal equity?
retained earnings
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What is external equity?
newly issued stock
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What type of mix do firms typically use?
a mix of debt and equity
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What value do you use for debt and equity?
use market value
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What is the order of riskiness of the component costs of capital?
1. Debt 2. Preferred Stock 3. Internal 4. External
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
Why is issuing new CS the most expensive way to raise capital?
Floatation Costs
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
Why is debt the least expensive way to raise new capital?
Debt least risky
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What are marginal cost of funds?
the relevant costs of capital
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What are the firms component costs of capital equal to?
Equal to its investors required rates of return
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What is the appropriate discount rate?
The investor’s required rate of return on any investment is an opportunity cost. It is the rate of return that the firm must pay to compensate investors for the use of their money
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
How does flotation cost impact the firm’s cost of capital?
-the floatation costs take money away from the firm that it can invest with -it therefore has to take into account the loss of money to calculate the required rate of return
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What exactly are we averaging and what do the weights mean?
- we are averaging of all the costs of capital used in the firm -the weights is the rate of return that a strives to achieve
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What is the WACC and Cost of Capital and what does a lower or higher WACC mean?
Cost of Capital is basically the amount money that costs the firm to return the money to its shareholders or the interest it has to pay to its debt holders / is also a opportunity cost WACC- is the weighted average of the cost of capitals for a firm expressed as a percentage Higher the WACC the more risk is involved in...
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What happens if you use the WACC method for all the projects in a firm?
only use WACC to evaluate prjoects when projects are similar in riskiness to the firm's investments as a whole 1. accept higher return/risk projects incorrectly 2. reject lower risk/return projects incorrectly
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
Is the WACC required return rate the same as the rr of a individual project?
No, it is not
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What are the length time used for sources used in WACC?
Long Term
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
What is the downfall of using cheap debt for financing?
It creates more risk
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
4d44c4a3_hapter_9_Flashcards___Cram_com__to_maintain_the_firm_s_value__
How should firms use WACC when thery are in multiple industries with different risk characteristics?
- find the cost of capital for each division and use that for each division
[]
Finance Chapter 9 Flashcards - Cram.com
is the rate of return that the firm must earn on all of its investments (aka projects/assets) as a whole in order to maintain its stock price (that is to maintain the firm’s value).
http://www.cram.com/flashcards/finance-chapter-9-1750902
42/1438042989018.40_20150728002309-00322-ip-10-236-191-2_397476334_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
plans are made in advance and developed consciously and purposely EX: Military, Game theory, management
what is strategy as a plan
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
A purposeful and conscious course of action (a set of guidelines for using means to achieve ends). - thought of in advance and purposeful
Strategy as plan
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
A set of tactics used to outsmart rivals
Strategy as ploy
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
Consistency in a firm’s behavior or pattern in a stream of actions
Strategy as pattern
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
Creation of a unique and valuable position vis-a-vis rivals involving different set of activities.
Strategy as position
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
Ingrained way of perceiving the world; Organizational culture, ideology or “collective mind”
Strategy as perspective
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
1) focuses effort by creating a unifying theme 2) Defines the organization by acting as a communication device 3) Provides consistency
Roles of Strategy
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
Explicit vs. Implicit Intended vs. Emergent vs. Realized Business level vs. Corporate level Corporate Strategy: Where to compete? Business (competitive) strategy: How to compete?
Differences in various definitions of strategy can be summarized as follows:
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
Creation of superior value through the difference between 1) the market’s willingness to pay for a unit of output and 2) the firm’s cost for producing that unit of output
Competitive advantage
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
Superior refers to better than/greater than rivals 1) Increasing customers’ willingness to pay (product attractiveness) 2) Decreasing the firm’s unit cost 3) A combination of the two
What is Superior Advantage and how do you create it?
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
1) Study the external environment, especially the industry environment: 2) Locate an attractive industry with a high potential for above-average returns. 3) Identify the strategy called for by the attractive industry to earn above-average returns 4) Develop or acquire assets and skills needed to implement a chosen stra...
The I/O Model Stages
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
1) External environment imposes constraints, must choose strategy that fits the environment 2) Industry firms have similar resources and pursue similar strategies 3) Resources used to implement strategies are highly mobile and transferable across firms 4) Managers are assumed to be rational actors; with complete inform...
Assumptions of the I/O Model
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
High entry barrier, low suppliers and buyer power, few threats from substitute products, moderate rivalry
Attractive Industry
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
Variety-based positioning -- based on the choice of product or service varieties rather than customer segments Needs-based positioning -- serving most or all of the needs of a particular group of customers e.g. Ikea Access-based positioning -- segmenting customers who are accessible in different ways • e.g. urban vs ru...
Porter: Strategy rests on unique activities
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
ec0855ec_401_Flashcards___Cram_com___five_definitions_of_strategy_
o Creating a fit between companies activities o Success depends on doing many things well, not just a few, and integrating them
What is Strategy according to Michael Porter (1996)?
[]
401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
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o Operational effectiveness -- performing similar activities better than rivals o Pushes productivity frontier outward, raising the bar for everyone, however no relative improvement for anyone o Strategic positioning -- performing different activities from rivals or similar activities in different ways
What is the difference between strategic positioning and operational effectiveness?
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what are the five definitions of strategy?
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o Leads to image or reputation inconsistencies o Different activities require different product configurations, skills, employee behaviour, management systems, etc. o Limits on internal coordination and control • Organizational priorities become unclear
Why are trade-offs critical for Porters definition of Strategy?
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what are the five definitions of strategy?
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Each strategy involves compromises Becoming neither the lowest cost nor the most differentiated firm. Differentiator cannot reduce the costs at the same level as cost leader without sacrificing their quality or image. Cost Leaders cannot achieve differentiation without increasing their costs According to Porter, firms ...
“Stuck in the Middle” argument
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401 Flashcards - Cram.com
what are the five definitions of strategy?
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42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
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Resource-Based View of Strategy that leads to superior returns Includes: Resources, Capabilities, competitive advantage, attractive industry, strategy formulation & implementation
RBV Model
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401 Flashcards - Cram.com
what are the five definitions of strategy?
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42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
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1. resources- strengths and weaknesses compared with competitors 2. capabilities—what it can do better than its competitors 3. competitive advantage- whats their potential 3. find an attractive industry and strategic position with in it 4. select a strategy that allows a firm to utilize its capabilities and opportuniti...
What are and explain the aspects of RBV?
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401 Flashcards - Cram.com
what are the five definitions of strategy?
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42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
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Differences in firms performances are based on their unique resources and capabilities 1) Resources are not perfectly mobile across firms 2) Competitive advantages are sustainable 3) Superior profits exist when rivals cease their efforts to erode firms’ competitive advantages
What are the assumptions and propositions of the RBV model?
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401 Flashcards - Cram.com
what are the five definitions of strategy?
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42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
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A firm’s assets that are inputs into a firm’s production process. they are Tangible resources (Financial, Physical, Technological) and Intangible resources (Human. innovation, reputation)
What are resources?
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what are the five definitions of strategy?
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Capabilities (competences): firm’s capacity to deploy resources for developing superior products and services - learned, patterned, repetitious collective activity or simply a routine
What are capabilities?
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401 Flashcards - Cram.com
what are the five definitions of strategy?
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42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json
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VRIN: Value, Rarity, Inimitability, Nonsubstitutability
What are the properties of Core Competencies?
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401 Flashcards - Cram.com
what are the five definitions of strategy?
http://www.cram.com/flashcards/401-2041208
42/1438042988310.3_20150728002308-00047-ip-10-236-191-2_382713906_0.json