Bmgt1313 Exam Questions And Answers 100% Verified.
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BmGt1313
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BmGt1313
Bmgt1313 Exam Questions And Answers
100% Verified.
Which of the following are important in the formulation strategy?
1) determining the relationship of the organization to its environment
2) achieving the desired relationship through efficient and effective allocation of resources
3) establish...
Bmgt1313 Exam Questions And Answers
100% Verified.
Which of the following are important in the formulation strategy?
1) determining the relationship of the organization to its environment
2) achieving the desired relationship through efficient and effective allocation of resources
3) establishing long-term objectives
4) establishing short term objectives - Answers✔1, 2, 3
Three level of strategic planning are
-corporate
-business unit
-development
-function - Answers✔corporate, business unit, function
Organizational objectives normally fall into four categories of survival, _______, ________, and
________. - Answers✔growth, financial, sustainability
Organizational financial objectives can include
1) total expected revenue
2) total budget size
3) the corporate values and standards
4) increase in return on assets - Answers✔1, 2, 4
What are the significant challenges managers face when setting objectives and strategies?
1) identifying concerns from supply goals and giving feedback into the organizational objectives
2) translating corporate objectives into supply objectives
3) keeping the supply objective separated from the organizational objectives
4) choosing the appropriate plan to achieve goals - Answers✔1, 2, 4
Strategic planning provides organizations a way to
-reduce long-term goals
-meet requirements from suppliers
-achieve specific long-term goals and objectives for an organization
-match organization objectives to the objectives of competitors - Answers✔achieve specific
long-term goals and objectives for an organization
A supply strategy has _______ major categories to consider when developing strategic plans. -
Answers✔six
___________ level decisions answer the questions of what business we are in and how we will
allocate resources among the businesses. - Answers✔corporate
True or false: Supply chain risks will only occur once at a time, so supply chain managers will be
able to focus their recovery efforts. - Answers✔false
As demonstrated in the reading, Steve Kiefer worked to improve relationships with supplier and
benefited with
-decreased quality and improved cost
-improved cost and quality
-fewer suppliers and higher cost
-lower lead times and quality - Answers✔improved cost and quality
Supply chain operational risks can be separated into which two factors?
1) Events that involve changes in tools, fees, duties, or tariffs.
2) Events that are beyond the supplier's control.
3) Events that are directly within the supplier's capability.
2
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