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WGU C483 Principles of Management Practice Questions 105 Questions and Answers Latest Update.
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WGU C483 Principles of Management PracticeQuestions 105 Questions and Answers Latest Update
1. Delivery of products or services - Correct answer A value chain is the sequence
of activities that begins with raw materials.
2. What result does a value chain end with?
3. Choose 1 answer
4. Supply and demand
5. Operations and logistics
6. Outsourcing or insourcing
7. Delivery of products or services
8. Profit margins are increased. - Correct answer What happens when an effective
value chain is created?
9. Choose 1 answer
10. Profit margins are increased.
11. A mission statement is developed.
12. Customized products are standardized.
13. Total quality management is not required.
14. Analysis of external opportunities and threats - Correct answer Industry and
market analysis, competitor analysis, and social analysis are examples of which
step in the strategic planning process?
15. Analysis of mission, vision, and goals
16. Analysis of management implementation
17. Analysis of external opportunities and threats
18. Analysis of internal strengths and weaknesses
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,19. Strengths - Correct answer Skilled management, positive cash flow, and well-
known brands are examples of which component of the SWOT analysis?
20. Threats
21. Strengths
22. Weaknesses
23. Opportunities
24. Core competencies - Correct answer What denotes skills or expertise in an
activity that constitutes the roots of competitiveness in an organization?
25. Choose 1 answer
26. Strategic values
27. Core competencies
28. Products and services
29. Opportunities and threats
30. Suppliers can reduce manufacturing time and increase product quality. - Correct
answer According to Michael Porter's competitive environment model, how can
suppliers influence strategic planning?
31. Suppliers can reduce the threat from substitute products.
32. Suppliers can reduce the numbers of new entrants in the market.
33. Suppliers can reduce manufacturing time and increase product quality.
34. Suppliers can reduce technological, demographic, and legal threats in the
environment.
35. Differentiation - Correct answer A company offers unique products in its industry
to create a competitive advantage.
36. Which type of strategy is the company using?
37. Valorization
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,38. Differentiation
39. Customization
40. Standardization
41. Vertical integration - Correct answer 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.
42. Which type of corporate strategy is represented by Happy Inc.'s purchase of their
distribution network?
43. Choose 1 answer
44. Vertical integration
45. Strategic alliances
46. Networking
47. Horizontal benchmarking
48. Strategic vision - Correct answer 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 service in the
United States.
49. What describes the owner's dream?
50. Choose 1 answer
51. Strategic vision
52. Strategic mission
53. Strategic planning
54. Strategic management
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, 55. Developing a strategic mission - Correct answer What is the first step of
organizational strategic planning?
56. Choose 1 answer
57. Developing operational goals
58. Developing internal strengths
59. Developing a strategic mission
60. Developing external opportunities
61. Six Sigma - Correct answer The introduction of statistical tools to analyze the
causes of product defects is associated with which quality improvement
approach?
62. Six Sigma
63. Flexible Process
64. Customer Process
65. Quality Customization
66. To revolutionize key organizational systems and processes - Correct answer
What is the principal idea of reengineering?
67. Choose 1 answer
68. To analyze system failures
69. To focus on creating two-way exchanges with customers
70. To revolutionize key organizational systems and processes
71. To improve total quality in all businesses for the benefit of producers and
consumers
72. Less than 3.4 - Correct answer How many defects per million are there at Six
Sigma, assuming a product or process is defect-free 99.99966% of the time?
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