BUSI 2400 W6 Practice Actual Exam Questions With Accurate Verified Answers.
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Course
BUSI 2400
Institution
BUSI 2400
The organization's ________________________ is why it exists. - correct answer mission
The organization's ________________________ is what it does. - correct answer vision
The organization's ________________ represent s...
The organization's ________________________ is why it exists. - correct answer
mission
The organization's ________________________ is what it does. - correct answer
vision
The organization's ________________ represent statements about how it achieves its mission. - correct
answer values
Which of the following describes what is referred to as the five forces model? - correct answer
buyers, suppliers, new entrants, substitution, intensity of rivalry.
"Economies of scale through efficient use of resources" is an advantage of which type of organizational
form? - correct answer functional
"Greater communication and coordination between organizational units" is an advantage of which type
of organizational form? - correct answer decentralized
"Increased flexibility and responsiveness to business needs and environmental changes" is an advantage
of which type of organizational form? - correct answer centralized
Bar code scanners are one of the more obvious ways _________________can help companies do things
faster. The bar code contains all of the information the store needs to keep track of its inventory and
sales. - correct answer automating
An automation-only view may result in simply speeding up a "bad" process. _____________, however,
allows a business to identify flaws in the process and then use its new-found knowledge to do things in
entirely new ways. - correct answer informating
, In some cases, companies are concerned with competitive necessity: the need to stay in step with
competitors and continue to stay in business. In other situations, it is important to outperform or outdo
the competition. This is often referred to as ________________the business. - correct answer
transforming
_______________________can be simply defined as the highest level of decision making, involving basic
questions of status, financial viability, strategy, and compliance within an organization. - correct answer
corporate governance
_______________________ can only be considered effective when the leaders of a business are directly
accountable to its owners for proper operation and financial control of the organization. - correct
answer corporate governance
Which of the following is the "distribution of IT decision-making rights and responsibilities among
enterprise stakeholders, and the procedures and mechanisms for making and monitoring strategic
decisions regarding IT." - correct answer it governance
______________________—which encompasses single, multiple, and even enterprise program
management efforts—focuses on a singular objective: delivering projects on-time, on-budget, and on-
quality. - correct answer project management
Many large private companies in Canada also have internal ________________ that relate to employee
conduct and maintaining high ethical standards. - correct answer codes of conduct
What is the value chain? - correct answer connected series activites which add
value or support additon of value to firm's goods and services
What are the 5 core components of a value chain? - correct answer inbound
logistics, operations, outbound logistics, marketing and sales, service.
What are the two categories for value chain components? - correct answer primary
and secondary activities
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