WGU C483 Multiple Attempt Readiness Exam Already Passed

WGU C483 Multiple Attempt Readiness Exam Already Passed The internal environment includes: culture and climate Which of the following refers to the immediate environment surrounding a firm, including suppliers, customers, rivals, and new entrants? Competitive environment Pluto Inc. is computer technology corporation that has been manufacturing laptops for the last five years. Recently, in the face of sinking market share, Pluto reduced its dependency on laptops by venturing into tablets and smartphones. This is an example of _____. diversification The planning level with the shortest time horizon is known as _____ planning. operational Which of the following is one among the six components of the strategic management process? SWOT analysis The most effective _____ statements inspire organization members, offering a worthwhile target for the entire organization to work together to achieve. vision A vertical integration strategy is a strategy: that involves expanding the domain of the organization into supply channels or to distributors. When an enterprising individual pursues a lucrative opportunity, it is known as: entrepreneurship Which of the following is a key difference between an entrepreneur and an intrapreneur? An entrepreneur receives no corporate support, whereas an intrapreneur has the benefit of corporate support. Which of the following is a formal planning step that focuses on an entire venture and describes all the elements involved in starting it? A business plan Which of the following refers to project teams designated to produce a new product? Skunkworks One of the major tasks performed by the board of directors in a corporation is: selecting and recruiting the CEO. Karla recently accepted a job with a software developer. She is surprised that her boss frequently refers to her judgment to resolve problems, despite the fact that she has not worked there long. Based on Karla's experience, it can be concluded that the firm has: decentralized authority. Research, legal, accounting, and human resources departments are examples of: staff departments. Organizations have several ways to subdivide their structures. The three basic approaches to departmentalization are functional, divisional, and _____. matrix In a _____ organization, important decisions usually are made at the top. centralized Which of the following is an advantage of functional departmentalization? Decision making and lines of communication are simple and clearly understood. Which of the following types of organization is similar to a bureaucratic structure? A mechanistic organization An effective strategy for enabling a firm to be responsive and competitive is to focus on fundamental strengths and expertise, and developing leadership in and organizing around its _____. core capabilities Marques Tech is a leading mobile phone manufacturer. The company has a deal with FoodZone, a leading fast-food chain. Anyone with the latest Marques cell phone will get 20% off on their bill at FoodZone, with the offer being valid for six months. Which of the following best describes this scenario? Strategic alliance Which of the following steps in the value chain involves focusing on innovation and new products? Research and development The support activities in the generic value chain include: firm infrastructure. In _____, a product or process is defect-free 99.99966 percent of the time. six sigma In _____, the emphasis is on quality, speed, and flexibility more than on cost, efficiency, and hierarchy, which is exemplified by employees'authority to halt operations to correct problems. lean manufacturing _____ is a design approach in which all relevant functions cooperate jointly and continually in a maximum effort aimed at producing high-quality products that meet customers' needs. Concurrent engineering A mechanistic organization is best described as: a form of organization that seeks to maximize internal efficiency. A multifaceted process focusing on creating two-way exchanges with customers to foster intimate knowledge of their needs, wants, and buying patterns is called _____ management. customer relationship _____ is an integrative approach to management that supports the attainment of customer satisfaction through a wide variety of tools and techniques that result in goods and services of high standards. Total quality management A series of quality standards developed by a committee working under the International Organization for Standardization to improve total quality in all businesses for the benefit of both producers and consumers is known as ____. ISO 9001 Which of the following departments within an organization deals with activities such as staffing, training, performance appraisal, and labor relations? Human resources Social Security verification, a criminal records review, and verifications of past employment and education are all a part of a(n): background check. _____ provides financial assistance to employees suffering from job-related injur