Principles of Management Practice Questions
C483 WGU Exam Questions and Answers
100% Pass
A value chain is the sequence of activities that begins with raw materials. What result does a value
chain end with?
delivery of products and services
what happens when an effective value chain is created
profit margins are increased
industry and market, competitor analysis, and social analysis are examples of which step in strategic
planning process
analysis of exteral opportunities and threats
skilled management, positive cash flow, and well known brands are examples of which component of
the SWOT analysis
strengths
what denotes skill or expertise in an activity that constitutes the roots of competitiveness in an
organization
core competencies
according to michael porters competitive environment model, how can suppliers influence strategic
planning
uppliers can reduce manufacturing time and increase product quality
a company offers unique products in its industry to create a competitive advantage. which type of
strategy is the company using
customization
happy inc., is a leading provider of family entertainment and BCD is a broadcasting company with
news, cable and entertainment networks. happy inc., recently acquired BCD in hopes of boosting its
primary business of family entertainment. which type of corporate strategy is represented by happy
inc.'s purchase of their distribution network
vertical integration
what is the first step of organizational strategic planning?
developing internal strengths
a local business has provided services to its customers for 40 years. the business's mission is "to give
our customers the best service in town" the owner of the business has had a long-standing dream to
franchise the business and become the best provider of its services in the united states. what
describes the owners dream?
strategic planning
, the introduction of statistical tools to analyze the causes of product defects is associated with which
quality improvement approach?
six sigma
what is the principal idea of reengineering
to revolutionize key organizational systems and processes
what designates those who take hands-on responsibility for creating innovation such as new ideas,
products or methods within an organization
intrapreneuer
how many defects per million are there at six sigma, assuming a product or process is defect free
99.9999966% of the time?
3.4 defects per million
why is innovation an important element of entrepreneurship
creates unique and different prioducts and services...
a company is trying to systematically improve processes by eliminating noncomformity of their
products to product specifications. the company believes their continuous effort to reduce variation
in their process outputs is key to their business success
six sigma
why would an entrepreneurial business choose to use its own resources versus seeking outside
resources in financing a business venture
to maintain control...
what can managers do to encourage useful conflict during a meeting to lessen inhibition about
disagreeing and make the conflict less personal
promote affective conflict...
which activity should management use to encourage intrapreneurship within an organization
provide employees extra training opportunities
We have an expert-written solution to this problem!
which type of control system is being implemented when management uses prices, profit centers, and
exchange relationaships as a control
market control...
a store that has had a high rate of employee theft wants to use an employee selection technique to
hire new employees who are less likely to steal from them. which type of employee selection
instrument is most appropriate in this situation
integrity testing...
C483 WGU Exam Questions and Answers
100% Pass
A value chain is the sequence of activities that begins with raw materials. What result does a value
chain end with?
delivery of products and services
what happens when an effective value chain is created
profit margins are increased
industry and market, competitor analysis, and social analysis are examples of which step in strategic
planning process
analysis of exteral opportunities and threats
skilled management, positive cash flow, and well known brands are examples of which component of
the SWOT analysis
strengths
what denotes skill or expertise in an activity that constitutes the roots of competitiveness in an
organization
core competencies
according to michael porters competitive environment model, how can suppliers influence strategic
planning
uppliers can reduce manufacturing time and increase product quality
a company offers unique products in its industry to create a competitive advantage. which type of
strategy is the company using
customization
happy inc., is a leading provider of family entertainment and BCD is a broadcasting company with
news, cable and entertainment networks. happy inc., recently acquired BCD in hopes of boosting its
primary business of family entertainment. which type of corporate strategy is represented by happy
inc.'s purchase of their distribution network
vertical integration
what is the first step of organizational strategic planning?
developing internal strengths
a local business has provided services to its customers for 40 years. the business's mission is "to give
our customers the best service in town" the owner of the business has had a long-standing dream to
franchise the business and become the best provider of its services in the united states. what
describes the owners dream?
strategic planning
, the introduction of statistical tools to analyze the causes of product defects is associated with which
quality improvement approach?
six sigma
what is the principal idea of reengineering
to revolutionize key organizational systems and processes
what designates those who take hands-on responsibility for creating innovation such as new ideas,
products or methods within an organization
intrapreneuer
how many defects per million are there at six sigma, assuming a product or process is defect free
99.9999966% of the time?
3.4 defects per million
why is innovation an important element of entrepreneurship
creates unique and different prioducts and services...
a company is trying to systematically improve processes by eliminating noncomformity of their
products to product specifications. the company believes their continuous effort to reduce variation
in their process outputs is key to their business success
six sigma
why would an entrepreneurial business choose to use its own resources versus seeking outside
resources in financing a business venture
to maintain control...
what can managers do to encourage useful conflict during a meeting to lessen inhibition about
disagreeing and make the conflict less personal
promote affective conflict...
which activity should management use to encourage intrapreneurship within an organization
provide employees extra training opportunities
We have an expert-written solution to this problem!
which type of control system is being implemented when management uses prices, profit centers, and
exchange relationaships as a control
market control...
a store that has had a high rate of employee theft wants to use an employee selection technique to
hire new employees who are less likely to steal from them. which type of employee selection
instrument is most appropriate in this situation
integrity testing...
