ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+ 2026
Q1. competitive advantage – Answer>>: using resources to provide
greater value for customers than competitors can
Q2. sustainable competitive advantage – Answer>>: competitive
advantage that other companies have tried unsuccessfully to duplicate and
have, for the moment, stopped trying to duplicate
Q3. situational analysis (SWOT analysis) – Answer>>: an assessment of
the strengths and weaknesses in an organization's internal environment and
the opportunities and threats in its external environment
Q4. portfolio strategy – Answer>>: a corporate-level strategy that
minimizes risk by diversifying investment among various businesses or
product lines
Q5. unrelated diversification – Answer>>: creating or acquiring
companies in completely unrelated businesses
Q6. BCG Matrix – Answer>>: a portfolio strategy developed by the
Boston Consulting Group that categorizes a corporation's businesses by
market growth rate and relative market share
,Q7. design competition – Answer>>: old technology and several different
new technologies compete to establish a new technological standard or
dominant design
Q8. organizational structure – Answer>>: the vertical and horizontal
configuration of departments, authority and jobs within a company that
transform inputs into outputs that customers value
Q9. functional departmentalization – Answer>>: organizing work and
workers into separate units responsible for business functions or areas of
expertise
Q10. product departmentalization – Answer>>: organizing work and
workers into separate units responsible for producing particular products or
services
Q11. matrix departmentalization – Answer>>: a hybrid structure in
which two or more forms of departmentalization are used together
Q12. customer departmentalization – Answer>>: organizing work and
workers into separate units responsible for particular kinds of customers
Q13. geographic departmentalization – Answer>>: organizing work and
workers into separate units responsible for doing business in particular
geographic areas
Q14. job design – Answer>>: the number, kinds, and variety of tasks that
individual workers perform in doing their jobs
,Q15. job enlargement – Answer>>: increasing the number of different
tasks that a worker performs within one particular job
Q16. job enrichment – Answer>>: attempts to overcome the deficiencies
in specialized work by increasing the number of tasks and by giving workers
the authority and control to make meaningful decisions about their work
Q17. intra-organizational process – Answer>>: the collection of activities
that take place within an organization to transform inputs into outputs that
customers value
Q18. inter-organizational process – Answer>>: a collection of activities
that occur among companies to transform inputs into outputs that customers
value
Q19. virtual organization – Answer>>: groups of geographically and/or
organizationally distributed participants who collaborate toward a shared
goal using a combination of information and communication technologies to
accomplish a task
Q20. cross-training – Answer>>: team members are taught how to do all
or most of the jobs performed by other team members; allows a team to
function normally when one member is absent, quits, or transferred
Q21. social loafing – Answer>>: occurs when workers withhold efforts
and fail to perform their share of the work
, Q22. employee involvement team – Answer>>: a team that provides
advice or makes suggestions to management concerning specific issues
Q23. management – Answer>>: the pursuit of organizational goals
efficiently and effectively by integrating the work of people through planning,
organizing, leading, and controlling
Q24. efficiency – Answer>>: using resources wisely and cost-effectively
Q25. effectiveness – Answer>>: making the right decisions and
successfully implementing them
Q26. planning – Answer>>: setting goals and deciding how to achieve
them
Q27. organizing – Answer>>: arranging tasks, people, and other
resources to accomplish the work
Q28. leading – Answer>>: motivating, directing, and otherwise
influencing people to work hard to achieve the organization's goals
Q29. controlling – Answer>>: monitoring performance, comparing it with
goals, and taking corrective action as needed
Q30. first-line manager – Answer>>: a manager who is directly
responsible for supervising workers and evaluating their daily performance
Q31. middle manager – Answer>>: a manager who supervises first-line
managers and is responsible for implementing the strategies of top managers