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Exam (elaborations)

C483 PRE ASSESSMENT - PASSED FIRST TRY EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES

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C483 PRE ASSESSMENT - PASSED FIRST TRY EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES

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C483 PRE ASSESSMENT - PASSED
FIRST TRY EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS
WITH RATIONALES

,Pre Assessment: Principles of Management (IAC1) (PIAC)
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Attempt #1 Sta jv jv


tus: Passed
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Correct j




v 1.

A value chain is the sequence of activities that begins with raw materials.
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What result does a value chain end with?
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Your Co
Answer An

Supply and demand jv jv




Operations and logistics jv jv




Outsourcing or insourcing jv jv




Delivery of products or services jv jv jv jv




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2.
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,What is the first step of organizational strategic planning? Cho
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ose 1 answer
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Your C
Answer A

Developing operational goals jv jv




Developing internal strengths jv jv




Developing a strategic mission jv jv jv




Developing external opportunities C
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orrect

3.

What happens when an effective value chain is created? Choos
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e 1 answer
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Your A
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nswer

Profit margins are increased.
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, Your A
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nswer

A mission statement is developed.
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Customized products are standardized.
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Total quality management is not required. Correct
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4.

Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning
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process?

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Your A jv


nswer

Analysis of mission, vision, and goals
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Analysis of management implementation
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Analysis of external opportunities and threats
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