MGMT 3000 Exam 1 Questions and Answers Graded A 2024
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Course
MGMT 3000
Institution
MGMT 3000
Quality is best defined as Blank______. - the excellence of a product, whether it be goods or services
The introduction of new goods and services is known as Blank______. - innovation
Select the components that are part of total quality management. (Select every correct answer.) - preventing ...
MGMT 3000 Exam 1 Questions and
Answers Graded A 2024
Quality is best defined as Blank______. - the excellence of a product, whether it be
goods or services
The introduction of new goods and services is known as Blank______. - innovation
Select the components that are part of total quality management. (Select every correct
answer.) - preventing defects before they occur,achieving zero defects in
manufacturing,designing products for quality,operating with a philosophy of continuous
improvement
Blank______ across boundaries occurs even beyond the boundaries of the organization
to include customers. - Collaboration
Which measurement of quality is focused on continually meeting the needs of
customers to establish mutually beneficial long-term relationships? - service
When a company achieves success and is able to sustain that success because it
consistently outperforms its rivals, that company has Blank______. - a competitive
advantage
Which are key factors influencing the growth of globalization in the competitive
landscape? (Select every correct answer.) - International markets are growing with
MGMT 3000 Exam 1
, MGMT 3000 Exam 1
rising incomes and increased demand.,Corporate operations transcend national
borders.,Offices and production facilities are located worldwide.
What term refers to the excellence of a product, whether it be goods or services? -
quality
The Blank______ approach to quality was to check work after it was completed and
then eliminate defects, using inspection and statistical data to determine whether
products were up to standards. - traditional
Blank______ means giving customers what they want or need, when they want it. -
Service
The key to understanding the success of a company is the Blank______ the company
holds and sustains. - competitive advantage
Which reason best explains why companies are operating globally? - increased
opportunities for growth
Select the ways in which speed is a competitive advantage for a company. (Select
every correct answer.) - A faster organization can quickly adjust to market demands.,A
faster company has a market advantage by getting product to the consumer quickly.,A
faster company can quickly respond to competitors' actions.
Which statement about cost competitiveness is true? - It is important because a
desirable product sold at a lower price is more likely to sell.
MGMT 3000 Exam 1
, MGMT 3000 Exam 1
is the effort to maintain the natural environment while effectively managing today's
business and building tomorrow's business opportunities. - Sustainability
Successful managers tend to focus on Blank______. - all six competitive advantages
Wayde is responsible for working with his team and resources, making sure all
members are doing their jobs, and that his team is focused on accomplishing
organizational goals. Wayde is most likely a(n) Blank______. - manager
What term refers to the fast and timely execution, response, and delivery of results? -
speed
The process of keeping costs low in order to achieve profits and to be able to offer
prices that are attractive to consumers is called Blank______. - cost competitiveness
The management function of planning is Blank______. - systematically making
decisions about the goals and activities that an individual, a group, a work unit, or the
organization will pursue
Minimizing the use of resources, especially those that are polluting and nonrenewable,
is a core goal of Blank______. - sustainability
Which statement about the six competitive advantages is true? - There are some trade-
offs among the six sources of competitive advantage.
The process of working with people and resources to accomplish organizational goals is
referred to as Blank______. - management
MGMT 3000 Exam 1
, MGMT 3000 Exam 1
What is the management function of specifying the goals to be achieved and deciding in
advance the appropriate actions to achieve those goals? - planning
is the effort to maintain the natural environment while effectively managing today's
business and building tomorrow's business opportunities. - Sustainability
The monetary amount associated with how well a job, task, good, or service meets
users' needs is called Blank______. - value
The management function of organizing includes Blank______. - assembling and
coordinating all resources needed to achieve goals
The management function that involves the manager's efforts to stimulate high
performance by employees is called Blank______. - leading
The management function of monitoring performance and making needed changes is
called Blank______. - controlling
The better you meet users' needs, the more Blank______ you deliver. - value
What happens if as a manager, you fail to perform all four management functions?
(Select every correct answer.) - You may not know if you are headed on the right track
in meeting goals.,You will not reach your full potential as a manager.,You may fail to
inspire employees to perform at high levels.
MGMT 3000 Exam 1
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