WGU C201 Business Acumen Chapter 10: Operations and Quality Management Accurate 100%PACKAGE DEAL

What are the two types of divestitures? - ANSWER A sell-off is a divestiture in which assets are sold to another company. In a spin-off, a new company is created from the assets divested. Shareholders of the divesting company become shareholders of the new company as well. What is an LBO? - ANSWE...

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? - ANSWER Evaluating results What is the result of a company increasing the delegation of authority and the span of control? - ANSWER Increased n...

Production - ANSWER Begins with inputs + add value = produce a good or service. Operations Management - relates to this process. Why is production such an important business activity? - ANSWER Without products to sell, companies cannot generate money. Goal: lower the cost of production, boost...

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? - ANSWER Evaluating results What is the result of a company increasing the delegation of authority and the span of control? - ANSWER Increased d...

The achievement of organizational objectives through the use of people and other resources. The skills and principles of management apply in both profit and not-for-profit organizations. - ANSWER Management ______ has three levels: top, middle, and supervisory management. Top management sets the ...

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? - ANSWER Evaluating results What is the result of a company increasing the delegation of authority and the span of control? - ANSWER Increased n...

Product - ANSWER A bundle of physical, service, and symbolic characteristics designed to satisfy consumer wants. Product strategy - ANSWER The part of marketing that deals with product/service development. It also manages package design, trademarks and other product identification, warranties, pr...

Human Interaction & Structure - ANSWER Which two key elements does an effective organization include? It establishes a direct flow of authority - ANSWER Why does a line organization structure function most effectively in a crisis situation? Departmentalization - ANSWER A company might divide i...

Human Interaction & Structure - ANSWER Which two key elements does an effective organization include? It establishes a direct flow of authority - ANSWER Why does a line organization structure function most effectively in a crisis situation? Departmentalization - ANSWER A company might divide i...

Product - ANSWER A bundle of physical, service, and symbolic characteristics designed to satisfy consumer wants. Product strategy - ANSWER The part of marketing that deals with product/service development. It also manages package design, trademarks and other product identification, warranties, pr...

brand name - ANSWER A good ______ is easy to recognize, pronounce, remember, should attract attention and suggest product image, and be legally protectable brand - ANSWER A______ is a name, term, sign, symbol, design, or some combination thereof used to identify a product or service product - ...

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? A. Promoting vision B. Evaluating results C. Turning strategy into action D. Determining the specific activities - ANSWER B. Evaluating resul...

Financial Statements - ANSWER Transactions are accumulated and categorized Different kinds of financial statements - ANSWER Balance sheet, Income statement, statement of owners equity and statement fs of cash flows Income Statement - ANSWER Used by the manager to understand the revenue or sale...

Accounting - ANSWER process of measuring, interpreting, and communicating financial information to enable people inside and outside the firm to make informed decisions open book management - ANSWER allowing employees to view financial information helps them better understand how their work contri...