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TEST PREP - WGU - PRINCIPLES OF MANAGEMENT –C483 / 100+ ACTUAL QUESTIONS AND ANSWERS (A+ GUIDE SOLUTION)

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TEST PREP - WGU - PRINCIPLES OF MANAGEMENT –C483 / 100+ ACTUAL QUESTIONS AND ANSWERS (A+ GUIDE SOLUTION) Terms in this set (105)  Delivery of products or services A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1...

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  • 11 de febrero de 2025
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TEST PREP - WGU - PRINCIPLES OF MANAGEMENT –
C+ ACTUAL QUESTIONS AND ANSWERS (A+
GUIDE SOLUTION)
Terms in this set (105)




Delivery of products or A value chain is the sequence of activities that begins with raw
services materials.


What result does a value chain end with?


Choose 1 answer
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services

Profit margins are What happens when an effective value chain is created?
increased.
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.



Industry and market analysis, competitor analysis, and
social analysis are examples of which step in the strategic
planning process?
Analysis of external
Analysis of mission, vision, and goals
opportunities and threats
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses

,Strengths Skilled management, positive cash flow, and wellknown
brands are examples of which component of the SWOT
analysis?
Threats
Strengths
Weaknesses
Opportunities

Core competencies What denotes skills or expertise in an activity that constitutes the
roots of competitiveness in an organization?


Choose 1 answer


Strategic values
Core competencies
Products and services
Opportunities and threats




According to Michael Porter's competitive
environment model, how can suppliers influence
strategic planning?
Suppliers can reduce the threat from substitute products.
Suppliers can reduce
Suppliers can reduce the numbers of new entrants in the
manufacturing time and
increase product quality. market.
Suppliers can reduce manufacturing time and increase
product quality.
Suppliers can reduce technological, demographic, and legal
threats in the environment.

,Differentiation A company offers unique products in its industry to create a
competitive advantage.


Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization

Vertical integration 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?


Choose 1 answer
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking


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.


Strategic vision What describes the owner's dream?


Choose 1 answer Strategic
vision
Strategic mission
Strategic planning
Strategic management

, Developing a strategic What is the first step of organizational strategic planning?
mission
Choose 1 answer
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities



Six Sigma The introduction of statistical tools to analyze the
causes of product defects is associated with which
quality improvement approach?
Six Sigma
Flexible Process
Customer Process
Quality Customization

To revolutionize key What is the principal idea of reengineering?
organizational systems
and processes
Choose 1 answer
To analyze system failures
To focus on creating two-way exchanges with customers
To revolutionize key organizational systems and processes
To improve total quality in all businesses for the benefit of
producers and consumers




How many defects per million are there at Six Sigma, assuming
a product or process is defect-free
99.99966% of the time?


Less than 3.4 Choose 1 answer
Less than 3.4
Less than 4.4
Less than 5.3
Less than 6.6

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