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Test Prep WGU Principles Of Management - C483 Questions And Answers Well Illustrated.
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Test Prep WGU Principles Of Management - C483 Questions And Answers Well Illustrated. Delivery of products or services - correct answer. A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply ...

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  • September 23, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • test prep wgu principles of management c483 que

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Test Prep WGU Principles Of Management
- C483 Questions And Answers Well
Illustrated.

Delivery of products or services - correct answer. A value chain is the sequence of
activities that begins with raw 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 increased. - correct answer. What happens when an effective value
chain is created?

Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.

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

Strengths - correct answer. Skilled management, positive cash flow, and well-known
brands are examples of which component of the SWOT analysis?
Threats

,Strengths
Weaknesses
Opportunities

Core competencies - correct answer. 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

Suppliers can reduce manufacturing time and increase product quality. - correct answer.
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 the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase product quality.
Suppliers can reduce technological, demographic, and legal threats in the environment.

Differentiation - correct answer. 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 - correct answer. 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

, Strategic vision - correct answer. 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.

What describes the owner's dream?

Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management

Developing a strategic mission - correct answer. What is the first step of
organizational strategic planning?

Choose 1 answer
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities

Six Sigma - correct answer. 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 organizational systems and processes - correct answer. What is
the principal idea of reengineering?

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

Less than 3.4 - correct answer. How many defects per million are there at Six Sigma,
assuming a product or process is defect-free 99.99966% of the time?

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

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